Turkish Republic of Northern Cyprus is a country with dynamism in its real estate sector. Having been seen also as tourism heaven, Cyprus has been a focus of interest for investors. Prices of a villa for sale in North Cyprus are on the rise. Villa sales have increased recently.
Prices of Villa for Sale for the year 2020 in North Cyprus
Prices of a villa for sale in North Cyprus vary according to many factors. The details regarding the villas for sale are as follows:
- Average villa prices are between €150,000 and €255,000 in central Kyrenia region
- Average villa prices in Alsancak region are between €120,000 and €240,000
- Average villa prices in central Famagusta region are between €50,000 and €215,000
- Average villa prices in the Yeni Boğaziçi region are between €115,000 and €200,000
The prices offered for villas are for those at average standards. Prices may vary according to many factors.
What Affects Prices of Villa for Sale in North Cyprus?
There are some factors affecting the prices of a villa for sale in North Cyprus. Villa prices vary according to such factors, between certain ranges that are expressed on average. Villa prices are determined according to factors such as age, the number of rooms, proximity to centrum, location, view, and as to whether it has a pool or not.
Villa for Sale in Kyrenia, North Cyprus
Kyrenia is the city which attracts the most investment in North Cyprus. With its modernity, natural beauties, unique view, the potential for tourism, and socio-cultural activities, Kyrenia attracts many investors. Demands for a villa for sale in North Cyprus are mostly concentrated in Kyrenia. Villa sales in Kyrenia are realized for both investment and settling purposes. Demand for villas is intense regarding both types. Villa sales are frequent in Bahçeli, Boğaz, Ozanköy, Yukarı Girne, Esentepe, Çatalköy, Karşıyaka, Alsancak, Karmi districts of Kyrenia.
Villa for Sale in Famagusta, North Cyprus
Demands for a villa for sale in North Cyprus have risen in Famagusta. It is a dynamic port city and it has a good level of socio-cultural development. Famagusta is a rapidly developing region with especially new villas and buildings. The existence of Eastern Mediterranean University’s faculties in the region of Famagusta, make an upward effect on demand. The city center is energetic and adored by many for its beauty. If we add its natural beauty and developed infrastructure, Famagusta is high on demand for villa purchases. This, in turn, increases the prices. While Famagusta villa prices vary between €115,000 and €200,000 on average, they vary in the centrum between €50,000 and €215,000. Villa sales are frequent also in Famagusta’s districts such as Mutluyaka, Tuzla, and Tatlısu.
Are Prices of Villa in North Cyprus on the Rise?
Prices of Villa for sale in North Cyprus have acquired a stable increasing trend in recent years. Investors are interested in villa sales in North Cyprus. Cyprus is a country with several advantages for investors. Located in the Mediterranean, the island is dynamic in terms of tourism. Foreign investors, too, purchase villas frequently from Turkish Republic of Northern Cyprus. The deep blue sea, long coasts, and nature of Cyprus, which are unique with their beauty, attract the attention of investors to this country in many respects. There are also many people who buy a villa to settle in Northern Cyprus. Northern Cyprus villa projects have been diversified in recent years. Villas have been constructed in many regions. The dynamism in villa sales is mirrored in the real estate sector in a positive direction. Especially in Kyrenia, the demand for villas is at a high rate.
Cyprus Villa for Sale Rate 2020
The number of those who focus on villas for real estate investment purposes is on the rise in Northern Cyprus. Investments in Northern Cyprus generally pay back swiftly. The fact that the region is safe is among the top factors that attract investors. A great deal of development that was accomplished in tourism leads especially the investors who purchase villas to lease them as well. Rental income is warranted to be at a high rate. Northern Cyprus attracts tourists from many countries in all seasons. For those who enjoy the nightlife, Cyprus is a vibrant country. Its casinos, hotels, and many entertainment places also make an influence on the real estate sector. The climate is mild in Northern Cyprus throughout the whole year. All these factors lead the investors to purchase villas or houses.
