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Is It a Good Time to Buy Property in North Cyprus?
Yes. Indeed, there is no best time to buy a house in North Cyprus. As the North Cyprus property market grows consistently, purchasing real estate in North Cyprus is always a good idea and a good investment.
If you want to buy a house in North Cyprus but have questions such as “When is a good time to buy a house?”, you can put your mind at ease. North Cyprus offers many things together, such as a beautiful place to live, investment opportunities, and a low cost of living. Hence, it is always a good time to buy investment property in North Cyprus.
Real estate is one of the most stable and highly preferred investment instruments. Most people consider buying a home as the best way of preserving their savings. Moreover, buying a property overseas is always an investment, even if you buy it as a holiday home or for any other purpose. Hence, you should take the return on investment potential while buying property abroad, even if your main purpose is not an investment.
The housing market in Northern Cyprus offers a great range of alternatives for real estate investors and home buyers. Property diversity makes it possible to invest for everyone with different price scales, from buy-to-let apartments to luxurious villas and resale homes.
Speaking of the market prices, properties in Northern Cyprus are cheaper than the European average. Low home prices and other conveniences the island offers attract international property buyers. Affordable prices in North Cyprus make it a good time to buy a house for everyone.
When we have a close look at the North Cyprus property market, we can observe a consistent growth in terms of pricing and portfolio diversity. So, if we want to determine the best time of year to buy a house in North Cyprus, the answer would be as soon as possible. Because it is no guarantee that property prices will be cheaper in the upcoming months. However, buying during the winter might give you a better chance to get a better deal after negotiation as the demand is less than in the summertime.
Buying an off-plan property can be advantageous as it is always cheaper than ready properties. Property developers are more likely to sell off-plan properties for cheaper prices as they want to use this money to finance their construction easier. If you are looking to buy a profitable investment property in North Cyprus, off-plan properties can be suitable for you.
Why is North Cyprus the Perfect Location to Purchase a Property?
North Cyprus is a wonderful island in the Mediterranean. There are many reasons to live in North Cyprus, from the great climate to divergent outdoor activities and delicious cuisine. Besides, the taxation system and low cost of living in North Cyprus are also advantageous for ex-pats. Moreover, the residency system makes it possible for foreigners to relocate to the country.
With all the amenities and conveniences, North Cyprus is highly suitable for both families and retirees. That’s why many people from all over the world buy property to settle in North Cyprus every year. If you are looking for comfortable island life and spend more time outdoors during a typical day, North Cyprus can be the right address for you. You can read Where to Buy a Property in North Cyprus? to learn the best places to buy a home in Northern Cyprus.
If you are interested in buying a property in North Cyprus, you can check our Buying in Cyprus page for detailed information. You can contact our local property professionals now for a simple and hassle-free property purchase process in North Cyprus with Zero Failure and 100% Customer Happiness.
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Created: 02.06.2022, 09.00Updated: 16.08.2024, 11.33
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