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North Cyprus
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Kyrenia
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Esentepe
"Esentepe"
Why Not Own Part of It?
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Rental Investment
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The improvement in
the local services, business, roads and flight
availability means that a larger number of tourists form
the UK and Europe are now choosing North Cyprus for
their holidays. The island is green with excellent
beaches and is sparsely populated meaning you can find
solitude with a short drive, if any! The low purchase
prices and low costs of owning property means that you
can enjoy a good rental return while still retaining use
for yourself, friends and family.
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Buy-to-let offers
a handsome rental income to property owners. Currently
there is a very high demand and low supply of properties
to let. Not only are there 3 major universities in
Northern Cyprus with a high population of international
students, folks who have been visiting from the UK for
many years are looking to let rather than stay in
overcrowded resorts.
Additionally, many
“London-Cypriots” and upscale Turkish holiday makers
visit Northern Cyprus frequently and look to
let.
The current average price for new
apartments in Kyrenia and surrounding areas is 200 – 500
per week depending on size of property, amenities
offered and time of year. One can expect to gain 5-10
percent on their rental investment.
Northern
Cyprus enjoys 20-28 weeks of high season, with sunny,
hot days. With nearly year round sunshine and warm
temperatures, your return can be increased by keeping
your property free during peak summer months.
RE/MAX will assist you with all ongoing
marketing of your property whilst you are renting. For
tips about choosing the perfect rental property for your
investment goals, please contact Julie at the Kyrenia
branch:
Julie@remax-golden.com.
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