North Cyprus is a place where a warm Mediterranean climate, rich cultural heritage and attractive conditions for real estate investment are combined.
Advantages of Buying Real Estate from a Developer in North Cyprus
Buying real estate from a developer in North Cyprus offers a number of advantages:
- New buildings comply with current building codes and offer modern architectural solutions.
- Many developers in North Cyprus provide payment installments or favorable lending terms.
- Buying real estate under construction in North Cyprus is accompanied by clear legal procedures that ensure the security of the transaction.
- The primary real estate market in North Cyprus demonstrates stable growth, ensuring the investment attractiveness of the properties.
- When buying at the construction stage, it is possible to make changes to the layout and design of future housing.
How to Choose a Developer in North Cyprus
When choosing a developer, it is recommended to study the reviews of previous clients and familiarize yourself with their completed and ongoing projects. Make sure that the developer has all the necessary documents for carrying out construction activities.
When concluding a contract, it is worth carefully studying all its clauses, including the deadlines for the delivery of the off-plan projects in North Cyprus and warranty obligations. If possible, personally visit the construction sites to assess the quality of the work.
Cost of Housing in New Buildings in North Cyprus
The cost of new developments in North Cyprus depends on the type of property, its location and level of finishing.
Apartments in new buildings in North Cyprus:
Iskele:
- Studios: from $65,000 to $80,000.
- 1-room apartments: from $75,000 to $100,000.
- 2-room apartments: from $95,000 to $130,000.
Kyrenia (Girne):
- Studios: from $70,000 to $90,000.
- 1-room apartments: from $80,000 to $110,000.
- 2-bedroom apartments: from $110,000 to $150,000.
Nicosia (Lefkosa):
- The most affordable studio apartments start from $55,000, 1-bedroom apartments from $60,000.
Townhouses in new complexes:
- Average cost of townhouses: from $100,000 to $200,000.
- In the suburbs of Iskele and Kyrenia, prices start from $120,000, more prestigious properties can cost up to $250,000.
Villas in new residential complexes in North Cyprus:
Iskele:
- Compact villas: from $160,000.
- Spacious houses with sea views: from $250,000 to $500,000.
Kyrenia (Girne):
- Villas with pool: from $200,000.
- Luxury options: up to $1,000,000 and above.
Luxury options: up to $1,000,000 and above:
- Villa prices start from $150,000, making the area one of the most affordable for private homes.
Popular Cities and Areas for Purchasing New Construction Projects in North Cyprus
North Cyprus offers a variety of regions for purchasing real estate. The most popular of them are:
- Kyrenia (Girne). Known for its picturesque harbor, historical landmarks and developed infrastructure. Here you will find both luxury villas and modern apartments.
- Famagusta (Gazimagusa). A city with a rich historical heritage and a university campus. Offers a wide range of housing at affordable prices.
- Iskele (Trikomo). A rapidly developing area with beautiful beaches. Attracts investors due to promising projects and relatively low property prices.
- Lefkosa (Nicosia). The capital of North Cyprus, combining business activity and cultural attractions. Offers a variety of housing options for those who appreciate the urban lifestyle.
- Alsancak (Karavas). The area located near Kyrenia is known for its green areas and a calm atmosphere. Ideal for family living.
When choosing real estate in North Cyprus, it is important to consider not only the cost, but also the development prospects of the area, infrastructure and personal preferences.
