The world’s best buys on beachfront property:
In 2021, Forbes labeled North Cyprus as one of the world’s best buys for beachfront property, alongside Colombia, Brazil, Mexico, and Belize. Live and Invest Overseas’ 2021 Global Property Survey ranked North Cyprus as an ideal location for owning property, considering factors such as the cost of two-bedroom apartments in expat-friendly neighborhoods.
Affordable Mediterranean Luxury in North Cyprus:
North Cyprus offers an unbeatable Mediterranean lifestyle at a fraction of the cost compared to other regions. The region is not only safe and welcoming but also boasts a developed tourism infrastructure with clubs, casinos, and luxury hotels – all more affordable than those in France or Italy.
Affordable Beachfront Living in North Cyprus:
One of the main attractions of North Cyprus is its pristine beaches and crystal-clear waters. Owning an ocean-view condo with direct beach access is surprisingly affordable, with prices as low as $75,000 at current exchange rates. The real estate market in North Cyprus operates in British pounds, providing U.S. dollar holders with advantageous opportunities, including the option for developer financing with low upfront capital requirements.
5 Affordable Places To Buy Property Abroad In 2024:
Fast forward to 2023, and Forbes once again positioned North Cyprus at the top of its list of affordable places to buy property abroad in 2024. The article highlighted a remarkable 47% savings relative to the U.S. market, emphasizing historical tensions between the north and south of Cyprus no longer affecting the real estate landscape.
North Cyprus: Prime Investment Opportunities in Tourism Boom:
North Cyprus is on the verge of a tourism boom, with new hotels, casinos, golf courses, and luxury marinas emerging. The real estate market, particularly in pre-construction developments, remains fantastically affordable, offering deals that surpass the per-square-foot average. Additionally, as the pound is forecasted to drop in value against the dollar in 2024, U.S. dollar holders can expect enhanced bargains.
Investing in North Cyprus is not just a sound financial decision but a lifestyle choice. With its affordable beachfront properties, promising tourism developments, and welcoming atmosphere, North Cyprus stands out as a prime destination for those seeking a perfect blend of investment potential and Mediterranean living.
