Investment in real estate is one of the safest options for the long term. Current international economic conditions have created artificially prices for real estate in many markets, including the real estate market in Cyprus. Even a large, lavish property there with all the extras is much cheaper than comparable properties in France, Spain, or Portugal. But prices are now increasing in Cyprus with new political developments looking like they’ll take northern Cyprus to the European level. Here’s the low-down on Cyprus as a real estate investment option.
Investment in real estate for expats in Cyprus for sale is a rapidly developing sector. One sign of this is the growing number of real estate projects that are designed to attract investment and develop tourism.
Rising property prices are another sign that this location will become very popular. And although a lot of land in Cyprus is still uninhabited and economical, construction is in full swing in cities and surrounding areas, with everything from high-rise buildings to cottages springing up.
Real Estate Investing in Cyprus
Northern and southern Cyprus are currently two different countries, and if an upcoming referendum results in the unification of these places, property in the north will rise in value.
A non-citizen is currently limited to purchasing no more than 13 acres of land, which is not a lot. But each adult family member can be on title for 13 acres each, which changes things significantly. The best place to look for current investment details and assistance is https://cyprus-real.estate.
Safety, Health, and Tourism in Cyprus
The Northern Cyprus portion of the remaining Mediterranean region stands out as having a high safety record – analysis shows Northern Cyprus is even safer than Southern Cyprus.
Health tourism is attracting a lot of attention too, and this leads to further interest by investors. Northern Cyprus recently became the 54th member of the World Health Tourism Congress. The weather on the island is warm and comfortable, so plans are being developed to attract tourists from countries with long winters. The ultimate goal of the tourism sector is to attract tourists to the island for a more extended period than usual.
Millions of tourists arrive on the island every year, so this place already has a tourism track record. In 2022, this figure increased, with 70% of hotel capacity full until June.
About the Island of Cyprus
Cyprus is one of the most beautiful places in the world, and northern Cyprus is full of the experiences and flavors of the Mediterranean. This region of the Mediterranean Sea has 10,000 years of history, with cultural heritage that are unique.
The Turkish army was stationed on the northern side of the island before 1974, and since then families have been moving from Turkey. In 2004, the Republic of Cyprus joined the European Union, and much has changed. These days, EU citizens who want to look at northern Cyprus for visits can do that with a passport or ID card, though no stamp is placed on the passport.
In the mountainous part of northern Cyprus, traces of Phoenicians, Assyrians, Egyptians, and the Ottoman Empire can be found. Nature and stunning terrain can be found in many corners of the island. .
Are interested in the natural world? In that case, you can enjoy eco-tourism, including the famous Cypriot orchids. There are also sandy beaches, and places of particular beauty, where rare protected turtles live and many species of plants grow.
With the natural beauty of the island, the excellent climate, the warmth and warmth of the Cypriot people, and a large selection of fresh farm produce, northern Cyprus is still an untouched, non-commercial destination.
The food in Northern Cyprus is varied and delicious. From succulent kebabs to meze and sweet desserts. Unique recipes to look out for:
- Shefali kebab – locally produced, made from lamb;
- Helim – halloumi cheese, traditionally made from sheep or goat milk and heated on a grill;
- delicious Pilavun bread.
The culture of Cyprus is reflected not only in the events and festivals but also in the rich folk art of the island. You’ll find centuries-old craft traditions passed down from generation to generation, including work in ceramics, silver, copper, basket weaving, tapestries, and the famous Lefkara lace. The island is rich in historical buildings that reflect different periods of Cyprus history.
Nature of Cyprus
Cyprus is a haven for unusual wildlife, and various species of plants and animals can be seen at any time of the year. The northern coastline is lined with pristine, sunny, wild sandy beaches. This new land has a lot to offer nature lovers.