Riv Estates

Northern Cyprus is beautiful place in Mediterranean, having a wide variety of property for sale. The foreigners purchasing property in the North are still exceeded by those purchasing in the South, but now-a-days low prices and lack of development in the regions have begun attracting investment. The prospective for growth is massive and the accession of Cyprus to the European Union on May 1st 2004 will undoubtedly further stimulate interest.

Kyrenia and its surrounding coastal villages are the traditional focus for home-buyers. A lot of property for sale in Northern Cyprus is antiquated and it’s easy to find an old-world apartment oozing Ottoman charm or an isolated mountain hide-away in need of restoration. Construction work is also trying to match the anticipated housing boom, adding new developments to the impressive portfolio of the North Cyprus.

There are so many investors, who are interested in the possibility of using the rental income to offset the mortgage payments. At present fresh tourist trade of North Cyprus appears to benefit all-inclusive package visitors, however this will be a success in the future. Most purchasers are recommended to hold to properties that are owned by Turkish-Cypriots before 1974.

Many people, who come to Northern Cyprus for buying property are not big time property investors with complete knowledge of the international real estate market, they are simply dreaming of owning a beautiful villa or apartment. If you have come to Northern Cyprus with a fixed budget and area in mind, the Cyprus real estate agents will show you the properties.

View several properties from different developers, you can buy one property and own many as an individual or married couple.

Posted in

• Mediterranean
• Northern Cyprus
• Northern Cyprus Real Estate

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