With its soaring popularity and demand in the Mediterranean, North Cyprus has become a popular centre of attraction, not just because of its climate and natural beauty, but also because of its touristic potential with the added advantage of fast returns on real estate investments. Besides, North Cyprus offers high standards of living and offers property options for every age and lifestyle. This will become very apparent while researching.
House / Flat Options for Sale in Cyprus
Generally, flats in the city centre that offer a great advantage of accessibility and transport are a popular choice for single people and families alike. Flats for Sale in Cyprus are the most preferred type of property because of their affordable cost and proximity to other social domains and public services. It so happens that universities in Cyprus offer higher education at European standards, which explains why there is a high population of international students. As of 2020, there are 120 thousand university students in Cyprus, who often prefer renting their own space since dormitories do not offer the same ‘comforts of home’. This leads to a constant increase in demand for flats, which creates a very profitable opportunity for those looking to benefit from rental income by investing in Cyprus. To discover opportunities of how you can invest in Cyprus, take a look at our article. If you browse through Property for Sale in Cyprus, you would frequently come across flats, although recently the increase in residential projects in Cyprus means more flats are available within building complexes.
Villas for Sale in Cyprus
For those who enjoy a life of quiet and calm, Villa options for Sale in Cyprus come at the top of the list of preferred housing, especially for those who enjoy having ample space. People moving to North Cyprus from developed European countries such as England, Germany, Norway, and Sweden as well as retired people and families with children prefer these villas due to their spacious design. It is not uncommon to come across twin villas for sale (two villas next to each other) or private property for sale right on the beachfront.
Luxury Properties in Cyprus
The number one reason why North Cyprus is a leader in the property game when compared to other countries is because it offers luxury flats and villas that meet the needs of the modern age. As a result, construction companies in Cyprus have opted for luxury flats. These luxury properties offer a more privileged life due to the architectural features and quality in construction materials. The options for luxury properties are generally luxury private villas with a spacious garden, pool and terrace, or luxury flats.
When searching for homes for sale in Cyprus
It is important to keep all available options in mind as well as your own needs when deciding on a property to buy.
• Always consider the location of your property when conducting your research.
• If buying property as an investment, find out what the rental income is in that area.
• There is a higher demand for rentals in cities like Famagusta or Kyrenia where the student population is significantly higher.