In the eastern corner of the Mediterranean… blessed with year-round warm weather, clear blue waters, and over 400 miles of coastline….
Where English is so commonly spoken, you’d never have to learn the local language (in fact, the locals even speak it amongst themselves)…
The food is light and fresh, fish and salad served with every meal…
The coffee is strong and aromatic, and locals are always ready to stop for one…
Fruit is fresh and juicy—at least when it’s not being candied in the local syrups and eaten as a rich dessert…
The flowers that blossom across the valleys of the island give way to the mountains where you can ski in winter…
And, to top it off, life is as affordable as it gets in Europe—enjoy a healthy meal and a cold glass of wine for just 10 euros a person, for example…
This is Northern Cyprus, which offers all the perks of a Mediterranean lifestyle for a much lower price.
It boasts incredible castles, charming villages, and miles of untouched sandy beaches. We think it has the most beautiful scenery in all of Cyprus.
You can find property investment options for under $100,000, as well as tourism appeal, leverage options, and a liquid market with reliable rental yields.
In our newest area of interest in Northern Cyprus, you can find low capital entry points and double-digit net rental yield potential… More on this in a moment.
The Main Areas Of Northern Cyprus
Northern Cyprus is somewhat of a mystery to North Americans, so here is an overview of the main areas:
- Nicosia. The capital of Cyprus, divided between the north and the south. It’s the biggest city, with a population of over 82,000. North Nicosia is rich in cultural importance, with 672 buildings of recognized historical value and quarters that have retained the atmosphere of ancient times. North Nicosia is a base for several universities, and it’s active in fine arts, theater, and orchestra.
- Famagusta. A charming city of about 50,000 people, found on Northern Cyprus’ southeast coast. It’s a walled city, surrounded by roughly rectangular ramparts built by the Venetians in the 15th and 16th centuries, and full of interesting landmarks, like Lala Mustafa Pasa Camie, a Lusignan Gothic former cathedral, and Othello’s Tower, the setting for Shakespeare’s “Othello.”
- Ikeler. On the east coast, Ikeler is known for having the nicest and longest stretch of beach in the country. Its Long Beach is the “in” place to be. Attractive to any age group, you can enjoy cycling, surfing, skating, and more in this area.
- Kyrenia. A small town on the northern coast of Northern Cyprus, sandwiched between the Kyrenia Mountains and the warm waters of the Med. It’s home to seaside hotels, restaurants, and beach clubs but is most famous for its old harbor and castle—a massive structure that has served the Byzantines, Crusaders, Venetians, Ottomans, and British in its history.
- The Next Big Thing: The West Coast. The west coast is one of the few undeveloped areas remaining in Northern Cyprus. Currently, it consists of beautiful beaches and undeveloped land, with a scattering of small residential complexes with few people relative to the north and east coasts. Here, Lief Simon has identified an exciting new real estate investment opportunity.
Property And The Path Of Progress
Development has taken off in Northern Cyprus as tourism steadily increases. New hotels and residential projects have proliferated up and down the coastline, roads are being developed, and infrastructure is modernizing.
We’ve watched over the past six years as property values have increased alongside that development.
To give you one example, the price of studio apartments we recommended at a beach development in Iskele has appreciated by 116% since 2021. This is exceptional growth, especially considering the short timeframe.
Investors who acted on our early recommendations in Northern Cyprus are enjoying those gains (at least on paper) and have also raked in impressive rental yields over the years.
Prices have matured in many of Northern Cyprus’ markets, but another opportunity to get in at pocket-money prices and profit big is becoming available soon. Developers and investors are turning their gaze west to the last stretch of undeveloped coast in Northern Cyprus…
Everything You Need To Know About The West Coast
The Path of Progress is headed for Northern Cyprus’ West Coast. This area is currently undeveloped, but it features a stunning coastline and breath-taking mountains. It’s home to the largest freshwater dam on the island and is known as the greenest area of Cyprus.
This area is the last remaining underdeveloped coastline in the territory. Undeveloped beachfront land is scarce—not only in Northern Cyprus but across the world. Developers (including the one we work with) have already bought plots of land and started the process of approvals for building permits.
The West Coast won’t just get residential projects; it will also get marina resorts, wellness facilities, a hospital, beach amenities, and a shopping center… all the makings of a high-value community, which will drive up real estate prices.
Right now, the average price per square meter in the area is 1,447 British pounds. This has increased by 28% since 2023 and by 68% since 2021.
The last time we saw prices like this was a couple of years ago, when we first recommended areas like Iskele and Kyrenia. We predict the same appreciation story that we saw in those areas is about to play out on the West Coast.
We suggest you act now while property is still at pocket money prices.LINK AVERTISS WEST COAST LP
The Best Deal On The West Coast
Our trusted contacts on the ground have filled us in on a pre-construction investment opportunity in a new resort on the West Coast. It’s amenity-rich, with pools, a water sports club, a gym, a beach bar, sauna and steam rooms, restaurants, a mini golf course, and more…
Oceanview studio apartments in this project start from under $100k at a special discount exclusive to our readers. This is a hands-off investment. The developer can help in every step of the process, from recommending lawyers to arranging the on-site rental management and concierge service.
Our contacts also have other units available, including ones that will be move-in ready in just 12 months.
To smooth travels and successful property buys,
Sophia Titley
Editor, Overseas Property Alert
