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Why Invest in Northern Cyprus?
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Northern Cyprus having been off the international map for 30 years has returned to the fore-front of smart investor minds since the UN's attempt to re-unify the island on May 1st 2004. Despite the fact that re-unification attempts failed to unite the island Northern Cyprus hit the press and people started to realize there was a whole different side to Aphrodite's island.
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The southern part of Cyprus is far better known by British holiday makers and investors but is often criticized for having become over commercialised and very expensive.
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The North which is the more beautiful of the two regions now poses a real opportunity for investment enthusiasts. It still remains an undiscovered secret, retaining natural beauty and Cypriot character with beautiful sea and mountain views stretching along the coast. Although there is something of a property boom in progress in the North it is still highly undeveloped offering prices approximately 50% lower than their equivalents in the south.
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Expected returns can give up to 20% to 30% or more from plans to completion in the surrounding Bogaz district with healthy rental returns should you wish to keep the property for holiday lets during the summer duration. All the projects in this area are located close to the sea with the most stunning mountain backdrop and at a fraction of the price of more developed Mediterranean countries. |
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