The opening of the Casino in Bafra North Cyprus has led to a surge in interest in overseas property investors buying property in the surrounding area.

Bafra has become a prime destination for gamblers and high rollers from the surrounding countries in the Mediterranean.  In particular Bafra see’s an influx of wealthy Egyptians.  The popularity of the Casino to wealthy tourists has led to some buying holiday property in the region so they may frequent a home from home.

Goodwill Media Increases Investors Interest

The continuous coverage in the media surrounding the friendship of the two heads of state from the North and South of Cyprus has built an air of goodwill between the 2 countries.   Any rumours that the two countries hate one another are just that, rumours.  Whilst it is true that there is a minority of the population that continue to maintain a sense of animosity for the other side, this view is not shared by the younger generations.

Location of Good Property Investments

Bafra represents a unique property investment opportunity because of the Casino’s influence.  The Casino attracts tourism and as such has generated a lot of spin off business for supplementary services to the tourists attracted by gambling.

North Cyprus in General tends to be far more exclusive than it’s southern neighbour.  The south has benefited from a massive tourist industry yet the north has predominantly attracted those that are looking for retirement homes.

Kyrenia is the largest town in the North and as such is the most popular destination for overseas property buyers.  It has an abundance of excellent retaurants and eateries surrounding it’s historical port.  There are also a variety of tourist focus industries including several scuba diving companies.

Property Investor Guides and Tours

It is a usual practice for anyone looking to buy property to seek the services of local expertise.  The competition of estate agents is so strong in the region that an investor will find it incredibly easy to get first class local intelligence.  It is recommended that you actually use 2 or 3 property agents in order that you get a complete picture of what is available.

Types of Properties

The most valuable property types differ depending on the location.   In Bafra the kind of properties that tend to sell quickly are the luxury flats as they present the most convenient solution for the wealthy gamblers requiring a home from home.  In Kyrenia on the other hand villas are the most sought after as they are the most sought after for those looking for a retirement home.