| |
Top Locations for Property in North Cyprus
By Rhiannon Williamson
While the world is in agreement that property for sale in North Cyprus represents a fantastic investment opportunity because rental and resale demand is soaring while at the same time property prices remain incredibly affordable, there are certain parts of the island that make the best property investment hotspots.
It is not a case of every location being equal or of every property of a similar size and specification being worth the same in Northern Cyprus - just as it does anywhere else in the world location, location, location counts in North Cyprus.
The first location worthy of closer inspection is Esentepe to the east of the island and a twenty minute drive from the ancient harbour town of Kyrenia. Esentepe is home to a brand new, international standard, championship golf course - furthermore it is the location for the very first marina being built in Northern Cyprus.
Naturally enough these two factors alone create great reason for property in Esentepe to be highly prized, but there are a number of other reasons making this location worthy of closer inspection. Firstly land in the area is now selling for a premium as developers try to get in on the property boom, secondly rental demand for properties in the area has gone through the roof following the completion of the golf course, and thirdly the entire surrounding area is totally unspoiled, it is covered in lush olive and carob trees, the beaches are pristine and undeveloped and the people live in their traditional houses and still enjoy an unhurried and stress free kind of life.
Properties in Esentepe start from GBP 60,000 for duplex apartments within the golf resort and go up to around GBP 200,000 for custom built, luxury detached homes. Prices in this part of Northern Cyprus have been appreciating rapidly in the past 4 years.
The next area worthy of consideration is Alsancak which is to the west of Kyrenia and just a ten minute drive from the heart of the old town of Kyrenia. Alsancak is one of the most popular parts of Cyprus with holiday makers, there is a great deal of development already earmarked for the area and there's an abundance of beach clubs, bars and discos in the area. For property investors hoping to let their properties out during the long hot spring and summer seasons in Cyprus, Alsancak is most certainly worthy of consideration.
And finally - unspoiled, untouched and as yet almost undeveloped Karsiyaka which is a thirty minute drive to the west of Kyrenia. With its hidden coves, sandy beaches, stunning mountains and beautiful countryside, the area of Karsiyaka is going to become one of the most desirable places to live in North Cyprus because the government has set incredibly strict planning rules to prevent over development and to allocate a great deal of space for the likes of another golf course and marina, and also they have allocated space to be left completely untouched. This part of Cyprus is unique and it has to be seen to be understood and experienced!
Karsiyaka will become home to the discerning buyer, those looking to escape to a better quality of life in a superior location. Currently there are few developments in this area of the island but those that are available start from around GBP 80,000 for a two bedroom bungalow.
About the Author
Rhiannon Williamson writes about real estate investment in emerging markets around the world and specifically profiles exciting investment property locations. To read more real estate property in North Cyprus click here - http://www.aboutnorthcyprus.com/
Article Source: http://www.simplysearch4it.com/article/33235.html
| If you wish to add the above article to your website or newsletters then please include the "Article Source: http://www.simplysearch4it.com/article/33235.html" as shown above and make it hyperlinked. |
| Some other articles by Rhiannon Williamson | Taking Care of Yourself When Living Abroad
Nowadays it's a commonly shared dream to live, work, travel or study abroad - and as flights get cheaper and the internet and email broadens our ...
Protecting Your Family Abroad
If you have a spouse, dependents, children or anyone in your life about whom you care deeply it adds so much purpose to your life – no longer are the hours ...
North Cyprus: The Last Mediterranean Property Investment Hotspot
If only I'd had the foresight to buy an investment property in Spain, the South of France, Tuscany or in Malta twenty years ago when property prices were so cheap ...
Why Buying Property in North Cyprus Makes Sound Financial Sense
Cyprus is a stunningly beautiful island, rich in natural resources, blessed with the inimitable Mediterranean climate and located close to the shores of Turkey. Cyprus is also a divided island, unique in that its capital ...
Jobs in Cambodia
Cambodia is becoming a popular destination with Western travellers because it has a stunning and diverse natural landscape, it has friendly people, ...
Living in Bahrain
The Kingdom of Bahrain basks in the warm, clear and calm waters of the Persian Gulf and is an incredibly prosperous and multi cultural country becoming increasingly popular with professional expatriates seeking well paying employment in ...
|
|
| |
|
|
|
