I first heard Lief talk about Northern Cyprus in 2018.
I’m about as well-traveled as a person my age can be… But I admit to knowing very little about this tiny territory in the eastern Mediterranean back then.
Lief made such a case for it that I got up to speed quickly. It’s not every day that he identifies a new global breakout market for property investment.
All the evidence stacked up for Northern Cyprus, including:
- Property investment options for less than $100,000 (or as little as $60,000 at the time)
- Leverage options, including pre-construction deals
- Diverse buying and selling pools, meaning more liquid markets and more reliable rental yield
- A healthy middle class, meaning more market activity for sales and rental
- Tourism appeal, with warm year-round weather and Mediterranean beaches
Prices were kept low because it was little known among property investors… If it was known, it was only in the context of its conflict with the other half of Cyprus, which kept less intrepid investors at bay.
In short, Northern Cyprus had strong fundamentals for profitable investment… and I got to witness firsthand what’s possible for investors when they’re presented with opportunities in a place like this.
People in the room at our annual International Property Summit (IPS)—our biggest property event of the year—had the benefit of being clued in on Northern Cyprus early.
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Attendees were presented with exclusive deals by vetted developers (developers that Lief himself has made purchases with).
Those who recognized the screaming bargains on offer and took action have seen massive appreciation on their investments in the short time since.
In 2021, for instance, IPS attendees heard about Crystal Resort, a beach development with five-star amenities in the Iskele area of Northern Cyprus.
Studio apartments were selling for £49,900 at the time. Today, those same units are worth £106,500… which amounts to 113% in appreciation in just four years.
Crystal Resort wasn’t the only opportunity in Northern Cyprus to see that kind of increase…
Just down the coast at a different beach resort, pre-construction loft “penthouses” were selling for £87,825 in 2022. That project is nearly built now, and similar units in the same resort are on the market for £170,000, which amounts to 94% gains in three years.
I don’t have Lief’s decades of experience profiting from property investments across the globe… but I know enough to recognize that these are exceptional increases in value that are hard to match.
And keep in mind, these figures don’t even take into account the additional gains that come from the dollar’s strength against the pound.
Northern Cyprus is a “perfect storm” market, providing a unique combination of factors (it’s an undiscovered location with strong growth potential, low entry prices, some leverage options, and growing and active marketplaces) that allows for this kind of result.
It’s a remarkable case, but it’s not the only one of its kind…
In fact, there’s a new area of Northern Cyprus, the yet-to-be-developed West Coast, where—for now—you can claim beach property from just £85,000.
The path of progress is barreling in the West Coast’s direction… tourist numbers are on the rise… and when those two factors collide, property values are set to boom once again.
Right now, you have an opportunity to get in on this as well as other undervalued markets in unique locations to enjoy your own exceptional increases in value, as past IPS attendees have…
But you need to be in the room at Lief’s International Property Summit, taking place June 18–20 in Panama City, Panama.
At the event, Lief and his contacts from key markets will reveal a selection of unique opportunities… including exclusive deals from the latest “undiscovered” locations that Lief’s global scouting team has identified…
I hope to see you there,
Sophia Titley
Editor, Overseas Property Alert
