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Northern Cyprus

Northern Cyprus a guide aimed at the overseas property buyer buying property in Northern Cyprus

International interest has been building in Northern Cyprus for quite some time.  The area is beautiful with sandy beaches and the beautiful Kyrenia Mountains.  There have been strict rules put in place to restrict the building of high-rise apartments and hotel developments so as not to hide the natural beauty of the area.  This is allowing Cyprus to maintain its natural beauty and charm. 

At the same time the area is working on developing the tourist and recreational industry in the area.  They are slowly working on developing North Cyprus into an incredible resort area.  Property in Northern Cyprus is slowly becoming a hot destination in Mediterranean investments.  Despite an almost 50% rise in property prices, the area is still up to two thirds cheaper than Southern Cyprus.  Because of the lack of development, most goods and services in the area remain rather inexpensive.  A large number amount of investment funding is being placed in Northern Cyprus to build its tourism to the level of Southern Cyprus.  Property in Southern Cyprus is very healthy and continues to attract thousands for second and retirement homes. 

These Mediterranean island destinations feature thousands of years of history and a perfect climate year round.  The beauty of both islands is very natural and Northern Cyprus has remained relatively untouched by major development properties but rather property that complements the area and provides excellent vacationing homes.

The Cypriot economy is varied and features trade as well as numerous manufacturers in textiles, leathers, plastic, copper and pottery.  Oil is also destined to become a hot commodity as it has recently been discovered in the sea south of Cyprus between Cyprus and Egypt. 

Buying property in Northern Cyprus

The most crucial factor in buying property in Northern Cyprus is to use a qualified lawyer. It is 100% safe to buy property in North Cyprus if you have the right title deed. Fully qualified lawyer will look out for your best interests when buying property in North Cyprus. The British High Commission in Nicosia have a list of  lawyers