Forbes has recently highlighted Northern Cyprus as one of the top 5 global destinations for real estate investments in 2024. This region, renowned for its stunning beaches, abundant sunshine, and hospitable locals, presents a unique chance for investors to leverage its untapped potential.
With an average price of $197,000 for a 100 m2 apartment, Northern Cyprus offers exceptional affordability compared to the U.S. market. This affordability, combined with the allure of a luxurious Mediterranean lifestyle, makes it an enticing choice for investors seeking high-value opportunities.
Northern Cyprus has shown promising growth in its real estate market, with an average price development of approximately 54.48% for 1-bedroom, 2-bedroom, and 3-bedroom apartments between 2020 and 2023. Additionally, the region boasts attractive rental yields ranging from 10-14%, indicating a strong potential for returns on investment.
Compared to other markets like Dubai, Northern Cyprus stands out with its higher ROI potential of 35.5-49.5%. This makes it a compelling option for investors looking to maximise their returns while diversifying their portfolios.
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