






2020 — 61,000$
2021 — 74,000$
2022 — 90,000$
2023 — 120,000$
2020 — 631,609
2021 — 1,936,931
2022 — 3,201,080
To earn passive income from rental properties, it’s not enough to simply buy real estate.
It is necessary to maintain the apartment in excellent condition to avoid significant repair costs and reduce expenses as much as possible. Additionally, it is important to constantly find new tenants to ensure that the property is generating high returns on investment.
The most advantageous stage is the sales launch announced by the developer. At this stage, usually construction has not yet started, but there is already a project for the complex, all necessary documentation, a construction permit, and a ready plot. The price is at its minimum at the start of sales, making it the most profitable moment for investments. Another good option is to invest at the start of construction, when prices are rising minimally.
This is highly individual and depends on your investment strategy. Some properties are better suited for renting out, while others are better for resale after construction is completed. We select individual options with an optimal profit forecast for each investor.
For investment purposes, popular locations among tourists, close to the sea or the centers of developed areas, are suitable. In such places, high occupancy rates and daily rental prices can always be expected. We choose a specific area depending on your goals.
There is no fixed price per square meter. In different projects, and even within the same project, the same square footage can have different prices. It all depends on the building’s floor, proximity to the sea and nearby infrastructure.
Investing here is completely safe! And even easier than in other countries because:
- When buying property in Northern Cyprus, no income statements are required. You don’t have to disclose the source of your investment budget to anyone.
- International banks in Northern Cyprus offer a variety of financial services, helping to link the Turkish Republic of Northern Cyprus to the global financial system. You can use the services of Turkish banks, SWIFT transfers, and cryptocurrencies.
- Northern Cyprus does not have international refugee protection programs, nor do they have migrant workers who often contribute to the rise of crime. Therefore, the island is safe.
At the same time, there are universities on the island with international accreditation, and cities are constantly developing and actively building new projects.
Cyprus is located in the most peaceful area of the Alpine-Himalayan seismic belt. Therefore, earthquakes occur here much less frequently than in Greece or Turkey, and the strength of tremors is much weaker. Currently, the government has approved strict construction standards that comply with international seismic safety standards. Therefore, no, new houses will not collapse!
We only work with proven developers who have already completed projects in Northern Cyprus and value their reputation. Before construction begins, developers provide us with a full package of documents showing that they are fully financially equipped to build the complex.
The developer guarantees that the property will be completed within the designated timeframe and will comply with the plan, as well as the quality and legality of the construction.
The provision of installment payment depends on the developer. As a rule, the initial payment is 30%, and then the balance is paid quarterly or until the end of construction. Some developers provide 0% installment for 12 months after the completion of construction. Your real estate agent will provide more information about the installment payment conditions depending on the chosen property.
Yes, it is possible to purchase real estate online. All you need is your passport and the funds. Payment can be made through bank transfer, cryptocurrency, or acquiring.
- 0.5% of the property value for registration of the purchase and sale contract at the tax and cadastre department (after the contract is concluded).
- 5% VA
- $3,600 transformer fee
The territory of the Turkish Republic of Northern Cyprus is occupied by the twenty-thousand Turkish army, peacekeeping bases, and a British base that regulate military conflicts. Greece will not want to reclaim anything, and your property is not at risk.