DR. GAYRİMENKUL
Why Northern Cyprus?
Sea, peace, a calm life and double gains in foreign currency, all on this island!
The holiday island of the Mediterranean
Northern Cyprus is the famous holiday island of the Mediterranean. It stands out with its education opportunities and universities, but its real driving force is its magnificent nature, sea and tourism. Known worldwide for its high-quality 5-star hotels and high-standard casinos, it is a destination chosen for honeymoons and holidays by people of every nationality.
In its 2021 article "5 Best Beachfront Buys for 2021", Forbes reported that in Live and Invest Overseas' research covering coastal regions worldwide, İskele, Northern Cyprus ranked first for investment. This is not an advertisement, it was a finding.
RENTAL MANAGEMENT SUPPORT!
While payback periods exceed 20 years in many parts of the world, in Northern Cyprus they are 8 to 12 years. Projects with a 5-star hotel concept, developed as a response to the serious hotel booking shortages and rising prices in summer, give their investors this advantage through daily and weekly rental. This structure is now well established on the island.
We stand by our investors here as well. Through our partnerships with global tourism agencies, our marketing power and our rental management covering cleaning, handover and more, we support you throughout the rental process.
10 advantages of investing in Northern Cyprus
Owning a home on an island like this is a real privilege
Because of the current political situation, homes in Northern Cyprus are priced about 50% below the value they should have. In the coming years, a two-state solution is expected on the island, within the framework of the support of the Turkic republics and the rational talks under way. In the Greek Cypriot administration of the south, older and less luxurious homes sell at roughly 50% higher prices. We expect that as this gap is balanced out by a solution, the rise in housing prices will accelerate and values will multiply. The opportunity is today; tomorrow these figures may not be found. That is why we take a special interest in Northern Cyprus and, as a company, are shifting our own investments here.
All homes are bought, sold and rented in pounds
The island's real estate market operates in British pounds. Purchases, sales and rent payments are all made in the Pound, a strong currency. This way your investment is not affected by the inflationary environment Turkey has experienced in recent years.
Both value growth and rental income in foreign currency
Because value growth is in pounds, when the currency rises you earn double in lira terms. For example, two years ago the Pound was about 45 TL, and today it is above 60 TL. As the currency rises, value growth multiplies in lira terms.
Rental payback is between 8 and 12 years
While payback periods exceed 20 years in many parts of the world, in Northern Cyprus they range from 8 to 12 years depending on the region.
Residence permit for homebuyers
People who buy a home on the island can obtain a residence permit. An option offering superior standards for those who want to start afresh or change countries.
A safe environment, opportunities in every sector
Northern Cyprus is one of the safest countries in the world with one of the lowest crime rates. It is very suitable for investment in every sector, with serious potential and opportunities.
Unhurried, positive, peaceful
Perhaps most importantly: there is no rush on the island, and people are positive and peaceful. An atmosphere that gives people peace through its land, air and energy prevails.
Your investment takes shape around your strategy
The İskele and Tatlısu regions are entirely tourism-focused, with active tourism 8 months of the year. Projects here follow the Ultra Luxury Resort concept and can be bought with a 35% down payment and instalments. You can rent out your home daily, weekly or monthly, especially in summer, and demand is constant. Short-term rental earns you roughly 3 times a month's rent. For all investments made through us, we provide rental management and support.
Regular rental income around universities
Apartment and residence-concept investments around universities are rented continuously by students. Students from all over the world study here, graduates leave every year and new ones arrive. This gives you regular rental income. You can even collect your rent a year in advance, in pounds.
We minimise your investment risk
Dr. Gayrimenkul works only with strong, experienced developers who have passed the Check-Up system, who take out building completion insurance, and who have been pioneers in the sector for over 30 years. This minimises your investment risk. On purchases made through Dr. Gayrimenkul, you pay no commission and earn additional discounts.
A built-in appliance set gifted with every purchase through Dr. Gayrimenkul
Contact us for campaign terms.
The assessments on this page are the opinions of Dr. Gayrimenkul and are not investment advice. Price, rent and exchange rate movements are not guaranteed, and past developments do not guarantee the future.
Which investment makes more sense?
We placed residential investment in Türkiye and North Cyprus side by side on the same basis. Figures are in pounds sterling, at 1 GBP = 62.3 TL.
Istanbul residence
- £128,400
- £642
- £6,163
- 20%
Iskele, resort-concept project
- £144,500
- £120
- £18,058
- None
Famagusta and Nicosia, near universities
- £96,300
- £562
- £6,742
- None
Payback period
Years, shorter is better
Annual rental income
Sterling, after tax
Same capital, very different payback: Iskele pays back in 8 years, Istanbul in 20 years.
* Istanbul: annual gross rent £7,704, net after 20% rental income tax. ** Iskele: assumes full occupancy for 5 months (150 days) of the summer season. Results are hypothetical calculations, exclude operating costs and do not guarantee returns.