North Cyprus Property News

For the past few weeks, all eyes have been on how New Zealand has been winning the war against coronavirus. Yet over in the Eastern Mediterranean, a similar success story is playing out in the Turkish Republic of Northern Cyprus (TRNC).

The small country with a population of 350,000 has managed to flatten its infection curve less than seven weeks after its first confirmed case on 10 March.

There have been no new reported cases of coronavirus infections for the past ten days and the last Covid-19 death in North Cyprus was on 13 April.

Oğuzhan Hasipoğlu, an MP for the TRNC’s main coalition partner Ulusal Birlik Partisi (UBP, National Unity Party) and the Head of the TRNC Parliament’s Foreign Relations Committee, told T-VINE he believed the strategy adopted by his government was successful in containing the coronavirus pandemic because the politicians had worked “hand-in-hand” with the country’s leading medical and scientific experts.

2019 is the perfect year to consider investing in the Riviera Maya

We’ve barely made it through mid-January and 2019 is already looking positive for the Riviera Maya. Besides having award-winning beaches, near-perfect year-round weather, and being very affordable, the Riviera Maya is moving progressively forward in many directions.

This, of course, makes it the perfect time to consider investing in the region – whether you’re thinking Cancun, Tulum, Akumal or Playa del Carmen. Mexico’s new government and administration are putting more emphasis on promoting self-sustaining communities, enhancing public transportation, and protecting Mexico’s natural resources. These, and other elements, will not only guarantee a successful 2019, but they will also establish a path for greatness in the future.

New Transportation for Easier Mobility

Getting around from city to city and all points in between, can become expensive and, sometimes, very cumbersome. Mexico offers a variety of public transportation options, both private and commercial. Mexico has an ample supply of buses, shuttle services, taxi and colectivos to get around. However, Mexico’s latest endeavour offers another option that will give tourists a new way to see the Yucatan Peninsula. The Mayan Train will bring tourism to several communities that would otherwise be overlooked for lack of transportation. Moreover, other transportation methods for locals and tourists are being considered for this year, such as the Metrobus system along the Federal Highway.

Communities Off the Beaten Path…But Not Too Far

It seems that smaller communities are getting more attention from tourists who are looking for a subtler and more relaxing getaway. The Riviera Maya offers such a diverse selection of destinations that range from mega hot spots like Playa del Carmen and Cancun to laidback communities similar to Akumal and Puerto Morelos. In fact, Puerto Morelos has seen double-digit growth in tourism over the last few years. Luckily, it’s a short ride from Tulum, Playa del Carmen and Cancun. So, if you’re betting on vacation rentals in those major cities, you’re golden. Many of the Riviera Maya’s smaller communities are experiencing above-average traffic from tourism. This means there are still plenty of opportunities to be had.

Airline Traffic

Another reason why the Yucatan Peninsula continues growing in popularity is that the Cancun International Airport keeps adding new routes. Now, we all know that following airport indicators is key when researching the option to invest in a region. These additional routes come from North America, South America, Europe and many Eastern parts of the world. There is no doubt that there are more to come. In order to create a vacation mecca, you have to have an airport that can accommodate all the incoming traffic. Cancun now has four very modern and up-to-date terminals that can handle millions of visitors. In December 2018, the airport reported 25 million passengers coming and going. This is a 6.9% increase over 2017 and is looking to be busier in 2019.

Award-Winning Destination

Other reasons why people continue investing in the Riviera Maya, of course, is because it’s an award-winning destination. There are an abundant of other destinations to visit in Mexico. Puerto Vallarta, Cabo San Lucas, Mexico City and San Miguel de Allende are only a few. However, the Riviera Maya continues receiving allocates for being the best destination in Mexico. What started as a back-packers off-the-beaten-path haven has now become a mega vacation mecca with the purest white-sand beaches, beautiful turquoise waters and perfect weather.

Eco-Conscious Efforts

Of course, this constant growth and influx of tourism means that keeping the region’s environmental integrity intact has been a challenge. But one that the municipality of Quintana Roo has made their mission to comply. Just this year, two more beaches were added to the Riviera Maya’s Blue Flag list. The millions of tourists definitely take a toll on the area’s ecosystem, land and water. The Blue Flag Certification is part of a world organization (Foundation of Environmental Education) that sets high standards for education, quality and safety. In brief, it hands out certificates to water-related terrains that maintain high standards in sustainability.

This goes hand in hand with efforts to become more sustainable as a whole community. More and more people are joining green movements, and developers are not staying far behind. Many new real estate developers are finding solutions to the damage that building can cause to the environment. This means adding solar panels, water-recycling systems or locally-sourced and natural materials.

Moreover, in 2019, the government will be taking a look at different projects to work with the excess of sargassum that has been washing up on the shores of the Mexican Caribbean.

Make a Profit from the Riviera Maya in 2019

When looking to invest your hard-earned money, you need to consider the following points:

Investment’s potential for return on investment (present and future);

Maintaining safe consistency within its own climatic environment;

Having the investment in a position throughout any and all regional changes. The Riviera Maya is guaranteed to be one of the best investments to make in 2019. In fact, International Living listed it as the number one destination for real estate investment in December 2018. The world is full of opportunities; but there is nothing quite like Mexico’s Riviera Maya.

Article Supplied by Top Mexico Real Estate

– Fast investment return

– Low prices

– Growing economy – North Cyprus is a small place, but with a fast growing economy providing a wide range of investment opportunities

– Safe place to invest – top 3 lowest crime rate in Europe

– Guaranteed rental income- over 60.000 young people from more than 100 countries study at its international universities, making education the leading sector of its economy

– Visa free for all Eastern European countries

– 10 years income tax free for investments in the Tourism sector

– Increasing  Tourism, partly due to the increase in 5 star hotels and casinos and extension of the national airport,Ercan

– Political security. There is a strong willingness on both sides of the island for a reunification, which will boost property prices in North Cyprus and will open many business opportunities

Do you remember your first foreign holiday; how the warm air hit you when you stepped through the door of the plane, the sunlight pouring through the window first thing in the morning, sea water as warm and gentle as a bath and the smell of barbecued lamb and herbs for dinner? Well that’s North Cyprus, the Mediterranean as it used to be.

It’s no wonder that increasing numbers of Europeans and Scandinavians are choosing to buy property in this lovely and historic place. Britons in particular feel at home in North Cyprus, where they drive on the left hand side of the road, Sterling is accepted everywhere and most people speak English.

Life in North Cyprus is easy, but when it comes to moving abroad, or buying a holiday home, price remains a major consideration – and on this North Cyprus is a clear winner.

The northern half of Cyprus boasts some of the best beaches, the most spectacular scenery and unspoiled landscapes on the island and yet property here remains under priced because of years of political uncertainty.

For the past 40 years Cyprus has been divided into two ethnic regions, the Greek-Cypriot Republic in the south and the Turkish-Cypriot north.

Unrecognized by the international community and with limited transport links and some trade embargoes, the North has remained something of a Sleeping Beauty.

This has created an artificially-low property market. For example, a one-bedroom studio flat in a managed development costs just £40,000,  a newly-built two to three-bedroom apartment overlooking the sea, usually with a communal pool, can be bought for less than £70,000, while it is perfectly possible to find a three-bedroom villa with garden and pool for just under £125,000.

Even big luxury builds with all the extras tend to be about half the price of similar villas in the south and way below similar properties in France, Spain or Portugal.

But now prices are edging upwards as observers mark new political developments which seem likely to bring North Cyprus into the European fold.

Leaders of the two sides have entered into a fresh round of talks aimed at settling their 40-year-old division. Hopes are high that a UN-backed deal will create a new bi-zonal Federation of Cyprus, formed by two equal states of Greek Cypriots and Turkish Cypriots. This would mean North Cyprus joining South Cyprus as a fully-recognised member of the EU.

In 2004 a similar proposal known as the Annan Plan sparked the first North Cyprus property boom. Unfortunately, reunification was ultimately rejected by the Greek Cypriot side, but those who bought property in the north at that time have seen the value of their investment more than double.

This year both sides have signed a joint agreement BEFORE sitting down to detailed talks, so the prospects for a settlement are much stronger. Local estate agents and constructors are already seeing signs of a new boom, with sales up by 25% this year and increased interest from Russia, Scandinavia and the UK.

So there has never been a better time to invest in North Cyprus.