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RENTAL INCOME

One of the biggest reasons for the high investment in Northern Cyprus is the high rental income. In addition, the short payback period is seen as the biggest advantage of real estates. If we give an example; The monthly rental income of a 2+1 flat in Kyrenia is around 400 British pounds. This translates to £4800 per year. With the increase in real estate prices, the rental amortization periods increased up to 16 years. However, there are still places with high rental depreciation. In Famagusta and Nicosia, amortization periods are still around 12 years. Even in a mega city like Istanbul, there is a 25-30 year depreciation, while Cyprus is very attractive to investors.

Compared to the housing prices in Turkey and Europe, Cyprus offers a much more affordable housing opportunity. Luxury residences and villas, especially for Arabs, mean lucrative investments. It is a very advantageous investment opportunity to buy an apartment from new housing projects in Nicosia. Due to the fact that the rental income is over British pounds, it makes the houses to be rented to tourists very profitable in terms of investment. New housing projects are being built all over the Turkish Republic of Northern Cyprus. There are many housing options such as seafront villas, luxury apartments with Cyprus views, studio apartments close to universities. For investment, seafront villas and luxury apartments with high rental rates are preferred. You can choose housing for investment purposes with high rental income that suits your budget.

WHICH COUNTRY PREFERS WHAT?

It is said that the unit prices per square meter in Kyrenia, where there is a lot of social life area, vary between £700 and £1500. In the center of Kyrenia, 1+1 flats cost around £45 thousand. Home buyers for investment purposes prefer these regions with high rental income. In the Turkish Republic of Northern Cyprus, there is an annual average increase of 15 to 20 percent in value in residences, and an increase of 50 percent in land and lands, depending on the region. This, in turn, affects the increase in rental rates.

There is an international group coming not only from Turkey but also from Scandinavian countries, Russia, Kazakhstan, Poland, Iran, Germany and even America. The fact that we are an island country and that construction can be done in certain regions according to the zoning shows that housing prices will increase gradually. We anticipate that the rental income of the investing citizens will increase.

The housing market in Cyprus has started to be in high demand by investors in Russia and Arab countries since 2015. While Russian investors mostly demand for seaside residences, Arab investors prefer luxury and technological properties. Of course, both have rental incomes that earn in different ways. So the investment does not lose value in any way. You can choose the most suitable investment method and place that suits you and your life. In this way, your own income will increase. In no way will your money lose value. And you will be any winner.