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Investment Opportunity | North Cyprus represents a huge opportunity for those investors wishing to achieve both rental returns and high levels of capital return. The artificially low cost of property in North Cyprus is wholly because of the policitical situation. That political situation is close to major change. In 2004 when Cyprus was on the verge of joining the EU there was a joint referendum to decide whether Cyprus should join together – the Turkish Cypriots voted ‘yes’ and, after being advised to do so by President Papadopoulos, the Greek Cypriots voted ‘no’. If a referendum were to occur today, it’s highly likely that this is what the people from both sides of the island would now vote for as well. Cyprus joined the EU in 2004, but the EU acquis - which is the body of common rights and obligations - only applies to the Republic of Cyprus. If a decision can be reached allowing both sides of the island to self-govern and be equally recognised as members of the European Union this will have an immediate and dramatic effect on property prices. Equally, if there is no agreement between the Greek and Turkish negotiators then the global community will have no option but to recognise North Cyprus as part of Turkey, or an independent state in it's own right Thereby creating the same positive affect on North Cyprus proprty prices. Those who have bought property in North Cyprus at vastly lower rates compared to those in south Cyprus will potentially see prices rise overnight – so if you’re looking for a slightly edgy but high returning property investment opportunity – buy property in North Cyprus now. Due to the low capital cost of property it is possible to achieve fantastic rental returns.
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| | | | | | | | | | Weekly Holiday Rental Charge | | | | | | | | | | | | | | | | | | | Total Annual Rental Return | | | | | | | | |
| 10% return with only 10% tax to be paid to the TRNC Government |
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