Investing in North Cyprus

Making an investment today for your future can be an uncertain prospect, with fluctuating markets and pensions yielding little or nothing in return. Property is no longer considered an ‘alternative investment’, but a way of reaching excellent returns on capital. Investment in overseas property is gaining momentum, risk is minimal providing you take professional and expert advice, and returns can be significant.

North Cyprus has become known as an area of massive growth potential with prices well below other Mediterranean destinations. Gaining recognition that this has become ‘the investment hotspot’.

Are you thinking of buying a property in North Cyprus for:

• A holiday home in an area of the Mediterranean untouched by mass tourism?
• A property that you can rent out in your absence, but that will be maintained all year round?
• Somewhere to live in retirement with plenty of sunshine and a low cost of living?
• An investment property to buy that you can sell on before it’s even finished?
• An opportunity to take your first step in the property market?

And

• A property that will gain in value however you decide to use it?

“We had our goals when we came to North Cyprus and we are achieving them. We want our customers to do the same. We believe it is the right place and the right time, and the market will continue to grow and develop over the next 10 years. The smart investors of today will be the true winners.”

Jennifer Horabin
C & T Construction & Estates

The right place

• As housing prices in the UK slow down, and mortgage applications decrease, property investors are increasingly investing in property overseas.
• Investors and property enthusiasts are looking to unspoilt and uncommercialised North Cyprus, having been disenchanted by major increases in tourism in Southern Cyprus.
• Foreign investment is actively encouraged by the government of North Cyprus and has led to numerous incentives to help foreign nationals, including tax exemptions on import duties, income tax and corporation tax, sometimes for up to 10 years. Tourism grants are readily awarded.
• Choosing a location with a favourable inheritance tax law could save your family thousands.
• As a retirement option, overseas property not only provides potential capital gains and a regular source of rental income, but also somewhere to look forward to which boasts a better climate, and a cost of living substantially lower than most Mediterranean countries.
• Retired people only need a residency permit to live in North Cyprus. They can import a full household of furniture virtually tax free – normally between only 2% and 3%.
• It’s a healthy place to live and has excellent local cuisine with interesting markets and good restaurants.
• North Cyprus has miles and miles of fabulous beaches safe for swimming and water sports – always popular for families keen to rent property during the summer months.
• There are more than 300 days of sunshine with a winter average temperature of 15°C!
• North Cyprus has a rich and fascinating culture with wonderful historical places to visit.
• North Cyprus is only a few hours flight from your home country, your family or your work!

The right time

• Although there is something of a property boom in progress in the North it is still highly undeveloped, offering prices approximately 50% lower than their equivalents in the South, and at a fraction of the price of more developed Mediterranean countries.
• Aspiring first time buyers in the UK are considering using property in another country to get on the ‘buy to let’ property ladder.
• Investing in North Cyprus has become far more attractive due to rising interest rates, which have made UK properties more expensive, and exchange rates which allow UK investors to get more for their money.
• Whether a main residence or holiday home, property values are predicted to increase dramatically.
• In recent years a spate of TV programmes has shown an increasing number of British people are ready to up sticks and invest their money in overseas property, and people are more open to making significant life style changes.
• Negative publicity about North Cyprus has actually created opportunities for the shrewd investor, otherwise they would be looking at the same prices as in the south of the island. Those willing to take the risk use local professional and experienced advisors.
• In the Kyrenia district expected returns have provided up to 30% or more in one year from plans to completion, with healthy holiday rental returns.
• The new up and coming area is East of Kyrenia, Esentepe, Bacheli and Tatlisu is currently attracting a lot of foreign investment. North Cyprus will soon have its first 18 hole international golf course, a shopping complex and a large marina.
• There are ongoing discussions regarding North Cyprus joining the EU and this has already resulted in a significant economic uplift, as well as higher demand for property. In February 2006 the EU invested 243 million Euros in North Cyprus.

Investors as true winners

C & T Construction & Estates for:

• The best portfolio of properties
  in the best locations and at the most competitive prices.
• The maximum return on ‘off-plan’
  The construction time of most ‘off-plan’ developments is between 6 and 24 months. As you pay a fixed price this gives you maximum capital growth during construction. The longer the construction time, the higher the growth and the longer you have to make payments!

Call us now for advice on the latest best buys from ‘off-plan’ investments!

• Reputable professional partners
  With our background in construction and estate agency we know how important it is to work with people you trust to deliver. We have established a network of professionals that we work with day in, day out, and trust to deliver to our customers.
• Excellent rental potential
  If you decide to keep your property you can be a real winner – excellent rental potential, a secure pension for your retirement and a stylish holiday home! We can market your property for you, look after it in your absence and have it ready for you when you visit!
• A good team
  A friendly reliable team, good customer service and honest advice really does make a difference when buying a property. We are determined to do everything we can to live up to those expectations and help you to make the right move. Call us so we can discuss our opportunities with you over the telephone or contact us by email so we can answer all of your questions.

Please fill out the enquiry form below stating which investments you require further information about

Your details

Name: Telephone Number: Email: Address: Town / City: County: Post Code: Investments interested in: