Recession Does Not Cease Established Property Investors

Despite the recession North Cyprus continues to attract many expats leaving the UK. Overseas Property Investment in Bafra North Cyprus continues to be the hot spot since it is currently experiencing massive development of the surrounding region.

This new wave of development started with the opening of the new Kaya Artemis Resort and Casino. Now due to the influx of wealthy tourists, property developers are now investing in further development to supporting Holiday Rental properties and shops.

Attractive Cost of Living

The standard living in Cyprus is anything but expensive; there is also very low taxation in Cyprus, especially for people retiring or ex pats.

The Cost is usually a factor in decision making; if you do not want to waste money in Cyprus, be sure that you get local knowledge and legal advice before buying a home, and that you are aware of the differences between EU and Cyprus laws.

Trend With Female Buyers

In recent years, there has been a trend towards European women migrating to exotic destinations on their own or with another female travelling companion. A popular combination is that of mother and daughter, where the mother wishes to escape from their mundane life in suburbia for several hot weeks in the sun.

New Builds are the Safest Investment

Despite the ongoing Reunification talks between the North and the South is widely accepted that the land disputes will never be settled and will therefore remain as they currently are. Even so, this final obstacle can be removed by simply buying a New Build property on land that is owned outright by a North Cyprus land owner.

Ex pat Home from Home

One of the main reasons that the island pulls in some many Europeans is the fact that their lifestyle does not need to radically change. They may live and work freely, and this simplicity, which is not replicated in other mediterranean desitnations, has contributed to the large expat populations on the island. North Cyprus has often been called “mini-Europe” as some of the main towns were initially developed to resemble those left back home by the original migrants.