Northern Cyprus is increasingly becoming one of the most popular areas of real estate investment. For residents of countries whose national currencies have deteriorated in recent years, Northern Cyprus creates an attractive investment opportunity.

In connection with the financial crisis, an urgent need arose to save the remainder of the capital to protect assets from future risks.

This article explores why this investment makes sense.

This unique investment region with an international resident population; low cost but rapidly rising in value.

Let's take a closer look at the details of why investing in real estate in Cyprus makes sense.

1.Northern Cyprus is a non-Eurozone area.

Previously seen as a DIS incentive for many, Northern Cyprus' non-Eurozone status has recently become a huge bonus and selling point for overseas property buyers. All North Cyprus property prices are linked to stable sterling, the de facto international currency in the TRNC, where shops and restaurants accept sterling as well as Turkish lira. In contrast, many other Mediterranean real estate destinations (such as Spain, Greece or Cyprus) are all priced in Euros, which have depreciated recently. In addition, the unstable nature of the Greek banking system, which clearly affects both Greece and southern Cyprus, discourages investors from investing in these countries in general. Investors and lifestyle property buyers in Northern Cyprus have the "best of both worlds" - pegging the value of their property to a stable currency while simultaneously achieving a low cost of living (due to favorable exchange rates against the Turkish lira), which makes it difficult to eat out . Going out, shopping or furnishing a new North Cyprus property is extremely affordable.

2. Climate

Northern Cyprus offers an average of 340 days of sun per year and the warmest winter temperatures anywhere in the overall European region and is also warmer than Turkey.

3. Communication

There are two major airports in Cyprus: Ercan (Nicosia) in the north and Larnaca Airport in the south of Cyprus. Any property looking for a European or Commonwealth passport or Schengen visa is free to enter via the global Larnaca airport hub, which offers great connections all over the world. Ercan airport in Northern Cyprus does not require a prior visa and is therefore ideal for non-Schengen citizens who can easily and inexpensively reach via Turkey.

4. Security and Low Crime Rate

A recent study by ValuePenguin confirmed that Cyprus is one of the safest countries in the world. Cyprus is proud to be ranked 5th worldwide among 106 countries analyzed in the world's safest countries survey. Also, Cyprus is the #1 safest place to live and travel among countries with populations under 5 million.

5. International Admission

Yes that's right, almost any passport holder in the world can enter or live in Northern Cyprus without the need for a prior visa. Not only that, almost every citizen can also buy property in the TRNC! Once you have an address, you can easily apply for a Northern Cyprus Residence, which is renewable every year (it takes 21 days to be ready) as long as you can prove you can support yourself financially and you do not have a contagious or serious illness.

6. Getting a Residence Permit is Easy

Happy property owners in Northern Cyprus can apply for a residence permit in the country. However, if there is a minimum investment amount of € 300,000 in the southern part of the island, but there is no such requirement in the north. The process is free, takes about 3 weeks. 60-year-old homeowners can live in Northern Cyprus without a residence permit. To process the residence permit, the owner must open a Bank account and fund a certain amount (based on $10,000 for each family member) to prove his solvency. The residence permit must be renewed every year. They can apply for citizenship after living in the TRNC for 5 years.

7. Real Estate Prices Are Lower Compared to Southern Cyprus

Northern Cyprus property is much more economical than Turkey and many other Mediterranean regions for the same property standard. It also offers a unique island atmosphere. However, it is still far from the Southern Cyprus level. In Southern Cyprus, in the cities of "first tier" (Limassol, Paphos), an ordinary studio apartment by the sea costs at least 220,000 €.

8. Rising Investment

Property prices in Northern Cyprus have increased significantly in the last few years. The square meter cost is increasing by 10% every year.

TRNC real estate prices rise up to 10% annually in key investment regions. Prices in other regions are extremely stable. This contrasts sharply with falling prices in other Eurozone regions. The reason why Northern Cyprus property prices are stable is that they are so stable that properties in Northern Cyprus have been built with private capital and international banking