There has been a recent rise in Cyprus house prices. There is an increase in house demands due to its geographical location, social and entertainment life and being a touristic place. Despite the increase in prices, buying a house from Northern Cyprus can be seen as a good investment. How much are North Cyprus house prices ?
North Cyprus Home Prices How Much?
Cyprus is also one of the places where university youth show great interest. North Cyprus house prices are most frequently researched by students and those who want to invest in Cyprus. Girne attracts the most attention to buy a house in Cyprus. Kyrenia house prices are slightly higher than other places in Cyprus. Despite this, investors often earn well from the houses they buy here. 3 universities in Kyrenia are also among the factors affecting house prices. The most preferred place for students is Girne. It also provides good opportunities for students and families to live.
North Cyprus Kyrenia House Prices
North Cyprus house prices vary according to the type of house, number of rooms, site status, building age, location to the center, view. Kyrenia provides very good opportunities in terms of sea and nature. The infrastructure in the city is also highly developed. In terms of investment, buying a house from Girne is advantageous, but it also has positive features for peace, quiet and a beautiful life.
Central prices for an average house in Cyprus Kyrenia are between € 55.000 and € 105.000
The average flat prices in Alsancak are between € 60.000 and € 120.000
Central prices for detached houses and villas range from € 150,000 to € 250,000
Alsancak prices for detached houses and villas are between € 118.000 and € 240.000
How much is Cyprus Famagusta House Prices?
Researchers for North Cyprus home prices also show great interest in the city of Famagusta. Famagusta is mostly famous for its new buildings. It is highly developed as an infrastructure and training opportunities are also high. There are some faculties affiliated to Eastern Mediterranean University in Famagusta.
The suitability of prices also attracts investors to this city. Its fascinating possibilities are not limited to these! It is also a beautiful place in nature! You can choose to buy a house from Famagusta for peace and quiet.
The center of the city is also very developed. House prices are as follows:
Average flat prices range from € 40,000 to € 70,000 in the center.
Average flat prices are between € 40.000 and € 65.000 in Yeni Boğaziçi
Detached house and villa prices are between € 45.000 and € 215.000 in the center.
Detached house and villa prices are between € 110.000 and € 200.000 in Boğaziçi
There are some factors that affect house prices in Famagusta. These are the condition of the building, its age, number of rooms, view, location to the center, whether there is a pool.
Is There An Increase in North Cyprus House Prices?
North Cyprus house prices are increasing due to the interest of investors in this region. There is an increase in prices in places that are developed sub-structurally, where universities are located, new buildings are constructed, and also offer natural and scenic beauty. It has become one of the leading countries in the Mediterranean with the development in education. North Cyprus, which attracts many tourists from abroad, is also the focus of interest for investors in this regard. The economy is advanced. Many investments are made from abroad. Home projects are constantly increasing. It is possible to say that the real estate sector is especially active in the city of Kyrenia.
North Cyprus Real Estate Investment Properties
The location of the tourism sector in Northern Cyprus cannot be placed in the background. Cyprus attracts many Turkish and foreign tourists and investors due to tourism. Numerous hotels have been built. The number of tourist facilities is constantly increasing. Investors are heading to Cyprus with this potential in mind. There is a huge increase in demand for real estate. Home purchases are positively affected by tourism. The beauty of the sea and beaches makes Cyprus a much more attractive country.
