North Cyprus property market

The North Cyprus property market has seen fantastic growth in the last few years. Since the market in the south of Cyprus has become rather saturated with growth slowing down, investors began looking to the North for the same kind of excitement that once ruled the South.

With investors looking to invest in the North, the government has rightly capitalized on the situation by pouring money into improving the existing infrastructure and installing new infrastructure in places where it was lacking. The government has also begun sponsoring the building of resort towns where expats and tourists can gather to enjoy the exquisite North Cypriot scenery.

The prices of property in North Cyprus have risen considerably over the last several years, however, they are still far less than housing prices in the South or anywhere else in Europe. In fact, North Cyprus has the lowest housing costs of any Mediterranean nation. The prices are currently 30% to 40% less than the cost for similar property in the South of Cyprus.

Aside from cost, one of the major reasons for the popularity of the North Cyprus property market is the sheer volume of choice from which investors can choose. There are property developments in every category and every price range available. Whether you are looking for a second home or an investment property you have a wide range of developments and resale properties from which to choose.

The North Cyprus property market still offers investors a chance to get in on the first floor of a market that is just now hitting its stride. If you want capital value appreciation then investing in the North Cyprus property market is a very sound decision.

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