Thursday, 22 May 2008
As news programmes in Britain and the US continue to spread doom and gloom about the current credit crunch which they report to be engulfing us all, those people who had previously been involved in the UK property market might easily turn their attention further afield. They might be advised to take a look at investment property in North Cyprus.Upon reading that you may have raised an eyebrow. "Investment property in North Cyprus? Isn't that a little risky?" Well despite what you might have heard, or the history of this country there are plenty of reasons to be optimistic about the property market in Northern Cyprus. One indicator of where to look when thinking of buying property for investment purposes can be seen by observing where Russians are buying. Luxury is at a premium in their home country, forcing them to buy abroad. Aside from their investments pushing prices up in the medium term it also means an increase in the quality of homes being built.
According to some it was the Russians who spearheaded moves for investment property in Cyprus a decade ago, something which would have made many people very wealthy as the market enjoyed an upturn in fortunes. Getting in early is imperative in these cases. So knowing that Russians are already taking investment property in North Cyprus is an important factor to bear in mind. There is also the point related to the fact that a resolution between the Southern and Northern parts of the island is very much on the horizon. If the borders were to come down it would open up free trade, direct flights and other advantages which would be only available to those who got in early.
Please speak to Boray Estates, a highly reputable estate agents based in North Cyprus as they can advise you on all aspects of property investment. There is also information about our services and examples of properties currently available.
