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RENTAL INCOME IN CYPRUS

One of the main reasons why many investors invest in Cyprus is the short rental payback period or the high rental income. One of the main reasons for the high rental income is the fact that the rent is paid in foreign currency, which is an important factor. In this way, investors earn a large amount of profit. At the same time, Cyprus, which has risen in the field of tourism and has become a student country, is busy as a tourist at every moment of the year with its feature of being a Mediterranean island. If the rental income in Cyprus is to be taken as an average, the monthly return of 3+1 flats in the capital may vary as 400-500 Euros. For investors who have rental income in Cyprus, the income from foreign currency becomes a joyful one. In addition, assuming that there is a constant need for accommodation in the city, period rentals can be replaced by new ones immediately. At this point, it can be said that the rental income in Cyprus continues uninterruptedly. The amortization period provides an extra beauty. Even in the metropolitan city of our country, Istanbul, depreciation periods vary between 25-30 years, while in Cyprus, almost half of this period is 10-12 years. The short amortization period for investors also turns into a factor that positively affects rental income in Cyprus. Tourists and students, who are the main source of rental income in Cyprus, also become a part of this spinning wheel. It is almost impossible to be afraid of being without a tenant on this island where the tourist flow is intense. In addition to the presence of many historical artifacts belonging to different cultures in the country, the fact that natural beauties are a rare piece interspersed among these historical artifacts allows for different shares to be allocated to investment sites. In addition, Cyprus can even provide monthly income depending on the investment made with rental income in these fascinating and magnificent places. According to the basic principles in Cyprus, passport is one of the documents required to buy real estate. Even having a passport is considered a sufficient document to buy real estate. However, the condition of not having committed a crime is required. (Which is an understandable reason because the crime rates are so low.) In other words, it can be said that there are two documents sought in this case: passport and criminal record. In addition, for foreign citizens, buyers must apply to the Ministry of Interior for a residence permit in Northern Cyprus, in addition to these documents.

HOW MUCH IS THE RENTAL INCOME IN CYPRUS?

House rents in Northern Cyprus are generally demanded in British Pounds. This is a factor that facilitates the situation of those who want to live in Northern Cyprus with rental income. It will be an investment that will provide continuous passive income as a unit that does not lose value in the face of inflation. Rental income in Cyprus varies between 250-1000 Euros. Although it varies according to the place where the investment is made, sometimes these returns can be enough to live on for a month.

WHAT IS REQUIRED FOR CYPRUS RENTAL INCOME?

House rents in Northern Cyprus are generally demanded in British Pounds. This is a factor that facilitates the situation of those who want to live in Northern Cyprus with rental income. It will be an investment that will provide continuous passive income as a unit that does not lose value in the face of inflation. Rental income in Cyprus varies between 250-1000 Euros. Although it varies according to the place where the investment is made, sometimes these returns can be enough to live on for a month.