Over the past 2 years, the Cyprus real estate market has experienced a significant rise. The monetary indicator of transactions compared to previous years increased by 300 percent. Realtors of the Northern Cyprus in the fall of this year expect a new surge to buy Cyprus real estate.
Apartments in Northern Cyprus are in great demand among foreigners, in particular, among Russians, since Cyprus is a visa -free country. In Cypev, in just twenty -one days you can get a residence permit and get housing even faster. Moreover, the local population is very good at all Russian -speaking, regardless of how nationality they are.
The purchase of real estate in this paradise was the cherished dream of many of our compatriots, because there is no crime and corruption on the island, no one is interested in where a person got the money. Here you can easily open your own business and do your job without problems. Cyprus, thanks to its soft climate, is perfect for living on the island with the whole family all year round, especially since prices in markets, stores and supermarkets for food are simply ridiculous.
All these factors, of course, affect the high demand for real estate of the Northern Cyprus.
According to Hassan Sungur, who is the chairman of the Rielter Association of the Northern Cyprus, real estate prices in the Mediterranean Sea, in particular, in the northern part of Cyprus are now maximum, and at the same time much lower than in the southern part of the island. The greatest demand among buyers is such areas as Nicosia and Kyanistan. Moreover, the crisis that covered the world economy has absolutely not affected the demand for real estate in Northern Cyprus.
By the way, real estate abroad and, in particular, Cyprus prefer to acquire Russian citizens, Turkey and Iran. They most often become customers of Cypriot real estate agencies.