Investment in North cyprus

Investment buyers are now looking at Northern Cyprus as one of the fastest growing market places in the eastern Mediterranean. With capital growth averaging 25% per annum over the past 3 years, it's easy to see why the North of the Cyprus Island is now one of the places to invest anywhere in the world.

Those eager property investors who bought off-plan for profit now face the same problem as flat owners in Leeds and other UK cities; in some developments, supply currently outstrips demand. (Please note I said, currently.)

The number of empty properties seen in developments are not attractive to those looking for a bustling location for family holiday lets, nor to those looking for a friendly retirement haven. Couple this with the downturn in tourist numbers, and the demise of holiday firms such as Cyprus Paradise, and us TRNC property owners must start to wonder if it's time to stick our heads in the nearest gas oven.

Of course, it's not. North Cyprus is not a market for making a quick buck, despite the sales hype from developers, but neither is the UK anymore. British property investors have been spoilt by great returns on a rising market for years, and it's made them greedy and impatient.

I also have a great lifestyle, a lovely home, sunshine 300 days a year and wonderful neighbours. Perhaps Mish might like to leave the profit-chasing and chill out for a while in North Cyprus - it won't make him rich but it might make him happy!