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North Cyprus

INVESTING IN NORTH CYPRUS The Rising Investment Property prices in North Cyprus are rising rapidly during the past few months. Each year the cost of a square meter goes up by 10 percent. (In the most important investment zones of North Cyprus, property values are growing at a pace that can reach 10% per year.) Prices have been relatively stable elsewhere. In contrast, prices in others Eurozone regions are declining. These regions are increasing prices. Property within Northern Cyprus has been created with cash from private individuals rather than loans from the international financial system which is why rates have remained consistent. As a result, the housing market is thriving in North Cyprus was sheltered from the global financial crisis). The most efficient method of reselling is to buy an object while new apartments to buy in london it's in construction and the builder is selling it for the most affordable cost. The property is then resold at its market value in the case of completed projects when the construction is done (usually between 1 and 2 years following the start of the building). From off-plan to realization, the property's worth increases by as much as 30% in capital. Tax rates for real property in the Northern region within the island Cyprus is very low. We have mentioned taxes and other fees that an owner from outside the country must pay to purchase the property. Greater Rental Yields Commercial real estate in Northern Cyprus (retail, offices) yields more profit than residential real property in any other country. On the other hand there are more risks and will require some substantial investments. It is not something that anyone can afford.Every year, the cost of residential real estate in North Cyprus grows more costly. Additionally, by renting homes for vacations, the owners could be earning the equivalent of 10% annually. Studio apartments and apartments with one or two bedrooms are among the most popular.Short-term renting has been generating the highest profits. The owner of such properties can earn anywhere from 10% per year in the right conditions.

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