The Turkish Republic of Northern Cyprus (TRNC) is one of the few remaining ‘undiscovered secrets’ of the Mediterranean. It has a rich tapestry of unspoilt natural beauty, ranging from crystal waters and golden beaches to pine-clad heights of the Besparmak Mountains. With exemptions on income tax, import duties, corporation tax and little or no council tax, Northern Cyprus is a property investors haven waiting to be discovered. With foreign investors buying up large chunks of developments, property prices have risen considerably in the last 3 years and with current prices lagging behind the South of the island by as much as 50%, there still seems to be tremendous opportunity for capital growth.

One of the good things about the current level of development being witnessed by the North Cyprus property market is that it is being strictly regulated by the government which is wary of degrading the coastlines and natural beauty of the country with ill-conceived construction projects. Developers are being forced to take the natural surroundings into consideration in order to maintain the integrity of the natural setting. Despite the recent price hikes in the North Cyprus property market, it is still offers investor’s great opportunities to buy real estate at very competitive prices.