North Cyprus Property Market

There is still a long way to go before the North Cyprus and South divide in Cyprus is completely eliminated. However, for those with foresight, this presents excellent investment opportunities in North Cyprus Property. The shrewd buyer can pick up Cyprus Villas and Apartments at amazingly low prices. You can also learn a lot more about North Cyprus Property at this North Cyprus Property Forum .

Beneficial Effect For Cyprus Property Investors

The results of the last elections bode well for North Cyprus property investors. Encouragement from the international community like the EU and US will have a very beneficial effect on the economy.

Already North Cyprus property prices are appreciating at a rate of 50% per annum, whereas in South Cyprus, prices have stagnated. However, property prices in North Cyprus are still much cheaper than in South Cyprus, but it cannot remain so for too long.

More and more investors today are considering North Cyprus Properties for their investment as the returns achievable are phenomenal. A typical off-plan detached North Cyprus villa costs GBP 60,000 as compared to the same in South Cyprus costing around £150,000. This gap will eventually close up, but until then, property investment in North Cyprus apartments and villas will remain an extremely lucrative proposition.

Good news North Cyprus Property Investor

Earlier, the North Cyprus Government increased the rate of VAT from 5 to 15%. This was a matter of some concern to developers on the island who have been urging the Government of North Cyprus to re-consider their decision.  As predicted by us, we are delighted to report that the Prime Minister of the Turkish Republic of North Cyprus has now announced that VAT will revert to 5%, making investment in North Cyprus an even better bet.

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