Saturday, November 22, 2008

Cyprus Villas - Don't Miss The Boat

By Tim Martins

Northern Cyprus having been off the international map for 30 years has returned to the fore-front of smart investor minds since the U N's attempt to re-unify the island on May 1st 2004. Despite the fact that re-unification attempts failed to unite the island Northern Cyprus hit the press and people started to realize there was a whole different side to Aphrodite's island. The southern part of Cyprus is far better known by British holiday makers and investors but is often criticized for having become over commercialized and very expensive.

The North which is the more beautiful of the two regions now poses a real opportunity for investment enthusiasts. It still remains an undiscovered secret, retaining natural beauty and Cypriot character with beautiful sea and mountain views stretching along the coast. Although there is something of a property boom in progress in the North it is still highly undeveloped offering prices approximately 50% lower than their equivalents in the south.

Those people who have managed to buy direct from the builders have been making up to a 30% value increase on the day of signing. Kyrenia is the area where things are really developing as far as tourism is concerned, and in the summer you would be more than happy to be a holiday rental villa owner. The most recent of projects in this region is at East Kyrenia, where they are completing a major golf complex and a stunning marina. This popular area of North Cyprus is close by to the beach and it has mountains overlooking it, and the most amazing thing is that land prices here are just a fraction of those of other developing Mediterranean countries.

Property Development: This has probably become the best way to earn quick profits in modern times as Europe has really opened up. The growth increase has just started in North Cyprus so you could say that things have just begun and it's just like anything else. The pioneers make the biggest profits. Property investment has caught on fast over the last few years as it becomes the most secure method of making money, especially as banks start to close their doors. North Cyprus is not only a secure place for investment, it will make you rich so make sure you get your foot in the ladder quick.

There is no doubt in my mind that Villas and apartments for sale in North Cyprus will provide potential investors with a quick or long term profit, and that the way to make the biggest profit is by going directly to the builder. This is where you are going to need a bit of advice and guidance, so that you come out with the best deal possible.

All of this development is increasing tourism and providing new routes to put the North on the map. In addition some travel agents are now offering dual holidays in the North and South part of the island. Negotiations to lift the International air embargo are, however, underway in Europe. This is supported by both the UK foreign affairs committee and the US. Tourism Investments: Tourism developments are actively encouraged by both the local government and the government of Turkey and therefore many incentives, funding assistance and tax breaks are available. For more information on Villas and Apartments for sale in North please visit CyprusInformer.com now. - 15359

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