Northern Cyprus, one of the fast-growing regions of the Mediterranean with its unique history and natural beauties, stands out as an ideal destination for investors and promises a fascinating experience with the opportunities it offers. It is possible to benefit from various tax advantages by investing in real estate in this region.
With the projects of Özyalçın Construction, one of the well-established construction companies, let’s examine the ways to utilize these opportunities offered by the island in the safest and most profitable way.
Investment Opportunities in Northern Cyprus
Northern Cyprus has recently become a very attractive destination for real estate investments. Behind this attractiveness lies both the affordable real estate options and the high return potential. Real estate investments in the TRNC can usually be amortized between 8 and 12 years and offer the opportunity to earn rental income in foreign currency. All these factors make TRNC a popular choice for real estate investments.
Real Estate Market in North Cyprus
The real estate and real estate market in Northern Cyprus has gained great momentum in recent years. New projects and increasing demand greatly support the rise in investment values. In addition, various incentives and advantages are offered for foreign investors. Among these incentives, low tax rates and facilities for property rights have an important place.
Market Situation: Real estate and real estate prices in North Cyprus have been rising steadily with the tourism sector and the increase in the number of students. This situation makes real estate investments attractive. Especially in big cities such as Kyrenia and Nicosia, the real estate market is constantly lively.
Attractive Opportunities for Investors: Owning property in Northern Cyprus is made easy for local and foreign investors. The property ownership process of foreign investors is supported by various regulations and incentives.
Tax Advantages
The low tax rates applied in the purchase of real estate in Northern Cyprus offer a great advantage for investors. In addition to real estate taxes, taxes on rental income are also very low. In addition, tax exemptions are provided for real estate investments in certain cases.
- Low Tax Rates: The title deed fee for the purchase of real estate in North Cyprus is 3%, which is considerably lower than in many European countries. Likewise, there is a low rate of income tax on the sale of real estate.
- Tax Exemptions: In North Cyprus, tax exemptions are provided to investors in some special cases. For example, investments of a certain size and projects of strategic importance can receive tax exemptions or discounts. This reduces the costs of investors and makes the investment process more attractive.
- Property Rights: Property rights regulations and facilities for foreign investors play an important role in keeping the real estate market vibrant. Investors are able to purchase property and generate income by renting out their properties, subject to certain restrictions.
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 that are currently on sale:
1. Solea by Özyalçın
Combining the tranquility of the Mediterranean and the comfort of modern living, our new Turkish Title Deed project is inspired by the unique harmony of the life-giving energy of the sun and the deep wisdom of olive trees. Our project, consisting of 24 villas in total, includes private interior gardens that bring the tranquility of nature into living spaces.
- Project Features: Solea stands out with its large and spacious living spaces, modern architecture and high quality standards. Type B and C villas (4+1) are 246 m² and type A villas (6+1) are 456 m². The residences in our project are designed to offer a peaceful life at every step.
- Location and Access: Our project, rising in the Ozanköy region of Kyrenia, offers easy access to both city life and nature with its location close to the center. This is a great advantage especially for those who want to reside permanently.
You can reach our project page from this link for detailed information about SOLEA, which invites you to peace and serenity at every moment of life by blending the rich texture of Mediterranean culture with elegant lines.
2. Edreville by Özyalçın
Our project Edreville by Özyalçın, which attracts attention with its unique location in the west of Kyrenia, is named after the Edremit region in which it is located and is inspired by the architectural details of the old Cypriot houses in the historical Karmi Village in the same region. This special project, consisting of a total of 23 villas, draws attention with its social life opportunities. A large communal swimming pool surrounded by the enchanting natural vegetation of Edremit, an activity hall, walking paths and a children’s playground, these facilities combine the tranquility of natural life with the comfort of luxury living.
- Project Properties: Type A and C villas (4+1) are 232 m² and Type B and D villas (3+1) are 218 m². Each villa has a private garden area and a pool can be optionally added to 13 villas.
- Modern Amenities: Interiors and en-suite bedrooms shaped with a modern architectural approach offer bright and spacious living spaces at all hours of the day.
You can check our project page for detailed information about Edreville by Özyalçın, which invites you to a healthy life that gives you happiness every moment with its privileged standards and lush nature.
Other Advantages of Investing in Real Estate in Northern Cyprus
In addition to the tax advantages of investing in real estate in Northern Cyprus, there are many other advantages. These include the potential for high returns, rental income and a developing infrastructure.
- High Return Potential: Real estate prices in North Cyprus are rising regularly and this offers high return opportunities for investors. Investments made especially in touristic areas provide serious profits in the long term.
- Rental Income: Real estate investment in Northern Cyprus brings with it the potential to earn regular rental income. Especially houses in areas with high tourism and student residences, which are in demand thanks to the increasing student population, support this income. Moreover, the fact that rental income is in foreign currency allows investors to be positively affected by exchange rate fluctuations. This provides a stable and secure income stream for investors.
- Developing Infrastructure: Northern Cyprus also attracts attention with its developing infrastructure. New roads, modern housing projects and developing social facilities increase the quality of life in the region and make real estate investment more attractive.
With its low tax rates, attractive investment opportunities and high return potential, Northern Cyprus is a region full of opportunities for those who want to invest thanks to the increasing demand and developing real estate market. Özyalçın Construction’s projects offer modern and comfortable living spaces while creating a reliable option for investors.
Contact us now to plan your property investment in Northern Cyprus and take advantage of the advantages offered by Özyalçın Construction.
