Cyprus Property Investment
North Cyprus is openning up a promising opportunity
With the recent growth in the tourist industry due to increased facilities and an improved infrastructure, Cyprus is quickly taking on a new identity as a very sensible investment option within one of the fastest growing property markets in Europe.
Northern Cyprus - exceptional investor incentives:
- 20% secures the unit
- Up to 50% Mortgages available for all clients on completion
- 25% capital appreciation on completion
- 12% minimum rental yield for first two years
- Fully managed investment
- Unique Castlewood exit strategy
- Full Escrow Bank Protection
Why Cyprus?
Retired people and families who come to live in North Cyprus enjoy a much higher standard of living than their UK counterparts. Furthermore, pensions having a much higher purchasing power and we assure you that one is definitely living in a safer environment here in North Cyprus. The reasons for choosing North Cyprus and purchasing Cyprus Property from here are endless. Below are some of the main reasons why choosing North Cyprus rules over any other place:
The sun shines for + 300 days of the year. You will for sure fall in love with the outdoor life of sun, sea and sand.
The crime levels are low, vandalism is virtually unknown, and air and noise pollution do not exist. Traffic congestion is unheard of rural areas, although major cities like Nicosia and Kyrenia can get crowded during rush hours.
Just like in the UK, Turkish Cypriots drive on the left hand side of the road. Not only that: the legal system in North Cyprus is based on British judiciary system, the electric system is similar to that in the UK, and over 80% of Cypriots speak English.
If you transfer your British pension to North Cyprus you will have a much higher purchasing power as it is not taxed here. No tax means that there is a 22% direct increase in your income.
An attractive aspect of North Cyprus is the low cost of living in comparison to other European countries. On average, a four-person household can get by on a monthly income of between £800 to £1000 and a retired couple for less. Residents also enjoy considerably lower prices on consumer goods, easing the burden of the cost of necessities.
The relaxed atmosphere is ideal for a retirement or holiday home. Cyprus enjoys lovely sea and mountain areas - the cleanest beaches that you can find around the world. In turn, this atmosphere provides a high standard of living in terms of climate, environment, sheer peace and tranquility!
Investing in North Cyprus property is a wise decision for those looking for a rental property with year-round rental potential. Holiday-makers come to North Cyprus all year round, not forgetting to mention the golf fanatics drawn by the new 18 hole Korineum Golf Course. Older holiday-makers tend to come for a longer period: to escape the hectic metropolitan life of Europe and its chilly winters and relax under the sunshine of North Cyprus and its natural beauties. It is likely that these holiday-makers will rent your property for months.
With over five international universities and a number of English primary and secondary schools serving the island we can easily say that Cypriots are generally well educated. This is further reflected in the attitude of the Cypriots where you are always to find hospitality.
North Cyprus has not only preserved its nature, but the culture and history has also reached our day in an unspoilt manner. You are likely to walk into a world of traditions, customs, historical sites and buildings, all interweaved in our contemporary world. Relatively untouched by the modern world, North Cyprus still retains an innocence and authentic aura of times long gone, with ancient civilisations and an incredible history still visible in daily life.
North Cyprus has recently undergone political changes that suggest major implications in the real estate sector. Although it does not have official status as a sovereign state, it is recognized by the international community by de facto. A recent result of this has been the increase in private charter companies providing direct access from the U.K. via Turkey. Direct flights seem imminent given the increased involvement by major foreign countries in economic and industrial investment. The result of this will inherently be an influx of new residents, increasing the demand and value of property. This is a major contributing factor to the confidence in prospects of future high returns. In addition, many international airlines offer direct flights to the island, mainly to Larnaca, which is an hour by car to Kyrenia.
VIP Tour
We strongly advise that no client of Castlewood International purchase an investment property without visiting the location and personally viewing the property. After all, we wouldn’t expect you to buy your home in your own country without viewing it first.
This tour has been specifically designed to give you all the information and advice you need to make a confident, informed decision about your chosen property investment. As well as viewing your selected Investment Properties and getting the feel of the area, you will also experience our unrivalled customer service as we make you feel at home overseas and help you avoid making the pitfalls often associated with buying and investing in property abroad.
To make the whole experience easy and enjoyable for you and your partner, we take care of all the travel and accommodation arrangements and provide you with your own property adviser who will be your guide during the tour.
We will arrange:
- Flights to Northern Cyprus* from a convenient airport of your choice
- Transfers to and from the airport near to Northern Cyprus
- Accommodation at a luxury international hotel central to your chosen investment
- Access to entertainment and local leisure activities
- Fully guided and tailored property tour with your own personal property adviser
*The cost of the flights will be deducted from your deposit in the highly unlikely event you decided not to purchase a unit.
The property inspection trip is a no obligation tour, so if you decide, after seeing the properties available, that this is not the investment for you, you are free to walk away with no obligation or pressure to make a purchase.
Our tours are incredibly popular, so early booking is highly recommended.
To see your chosen investment location, simply register today for your free brochure.
