Northern Cyprus, one of the favorite destinations of the Mediterranean, offers very attractive opportunities not only for vacation but also for real estate investments. This unique island with its historical texture, natural beauties and developing infrastructure has attracted the attention of investors in recent years. Thanks to the new immovable property acquisition law for foreigners and the tax advantages offered by the region, it is now both easier and safer to own property in Northern Cyprus. Let’s take a look at the opportunities and investment advantages of owning real estate on this beautiful island and the projects of Özyalçın Construction.
Increasing Investment Values and Rental Income
Northern Cyprus offers high rental income and increasing investment values with its rapidly developing real estate sector. Investments made especially in the Kyrenia region provide investors with serious gains in the long term. The amortization period of real estate investments is much faster compared to other Mediterranean countries. Since rental payments in Northern Cyprus are mostly made in Sterling, a protected income stream is provided against currency fluctuations. It is possible to reach high occupancy rates throughout the year, especially in short-term rentals. According to current data, occupancy rates can be achieved approximately 230 days a year due to sunny weather, making it easier for investors to earn regular rental income from their real estate.
Tax Advantages and Low Costs
Northern Cyprus is one of the rare regions offering attractive tax advantages for real estate investments. Land registry fees and taxes on rental income are very low compared to many countries in Europe and the Mediterranean region. The title deed fee paid when purchasing a property in North Cyprus is 3%, which creates a very attractive opportunity for investors. Likewise, income taxes on rental income are also very low. These tax advantages allow investors to earn higher profits while reducing their costs. This makes Northern Cyprus an ideal investment destination for both local and foreign investors.
Revolutionary Regulations for Foreigners: New Immovable Property Acquisition Law
Law No. 39/2024 on the Acquisition of Immovable Property and Long Term Leasing (Foreigners), which entered into force in 2024, contains important amendments that facilitate the acquisition of immovable property in Northern Cyprus by foreigners. This new law creates new opportunities for foreign investors and makes investment processes more secure and transparent.
- Application Process: Foreign buyers must apply to the relevant land registry office for the acquisition of immovable property and register the sales contract. This process must be completed within 6 months and is important to ensure the legal security of the real estate. In addition, it is possible to apply with a construction license for projects under construction, which offers a significant advantage for investors.
Living and Investing in North Cyprus: Thriving Tourism and Education Opportunities
Northern Cyprus has become an attractive region not only for real estate investment but also for living standards. The tourism sector, which develops every year on the island, has increased the number of hotels, restaurants and entertainment venues, enriching the social life of investors and locals. Especially short-term touristic rentals constitute a major source of income for investors. In addition, prestigious universities and educational institutions in Northern Cyprus support the young
population of the island and ensure that rental demands remain constantly alive. Over 125 thousand students studying in Cyprus constitute an important target group for real estate investments.
Evaluate Opportunities with Özyalçın Construction
We offer great opportunities to both investors and families who want to step into a brand new Mediterranean life with the modern and luxurious projects we have realized in Kyrenia, the most popular city of Northern Cyprus. Let’s take a look at our two major projects currently on sale:
Edreville by Özyalçın
Located in the west of Kyrenia, within the natural beauties of Edremit, our Edreville project offers both the comfort of modern life and the opportunity to be intertwined with nature. Our project, consisting of 23 private villas designed in accordance with the architectural texture of the region, is also very rich in terms of social life opportunities. The project includes social areas such as a large communal swimming pool, playground, walking paths and activity halls. Each villa has large gardens and 13 villas can optionally add a private pool.
- Last 4 villas on sale!
- You can own a house with February 2025 delivery guarantee.
- For all contracts made until December 30, 2024, it alleviates the financial burden of investors with the possibility of 18-month payment without maturity difference.
You can review our project page for detailed information about Edreville by Özyalçın, which invites you to a peaceful life with its privileged standards and lush nature.
Solea by Özyalçın
Located in the Ozanköy region of Kyrenia, our Turkish title deed Solea project brings together the peaceful nature of the Mediterranean and the comfort of modern life. The project, consisting of 24 villas in total, attracts the attention of investors with its spacious interiors and spacious design. Offering attractive opportunities especially for those considering long-term investment, Solea has spacious and comfortable living spaces with 4+1 villas starting from 246 m² and 6+1 villas of 456 m². With its interiors designed to receive light at all hours of the day and large gardens, it promises you and your family a life both close to the city center and alone with nature.
- 36-month payment without interest and the opportunity to own your dream home.
- All contracts made until December 30th include VAT!
You can reach our project page from this link to get detailed information about Solea by Özyalçın, which blends the rich texture of Mediterranean culture with elegant lines.
Investing in real estate in Northern Cyprus offers both a lucrative investment opportunity and a lifestyle full of the unique beauties of the Mediterranean. With the projects offered by Özyalçın Construction, you can make safe and valuable investments and guarantee your future. Contact us now to evaluate these opportunities and get detailed information about our projects.
