A Place Worth Investing In Even In Times Of Crisis
July 19th, 2009
A Place Worth Investing In Even In Times Of Crisis
It is so important to find the right place to invest especially in times of crisis. Unlike many people think right at this moment there are still places in the world ideal for investment with bright prospective. One of the most untouched natural beauties of the world North Cyprus offers many property investment opportunities not available anywhere else. A unique combination of quality life style beautiful nature 300 days of sun together with affordable properties.
North Cyprus seems to be the right destination for many people. Since 2004 thousands of investors have been coming to North Cyprus from England Germany Turkey Syria Israel and many Russian speaking countries. Many investors and expat home buyers have at first come to this island for holidays and fell in love with the island. The fact that prices of properties in North Cyprus are lower than the rest of Mediterranean region makes them even more interested.
In last 5 years the prices have been going up dramatically due to the fact that hopes for island reunification has risen which will mean the prices will equalize other locations in Mediterranean. Many local companies have been established to satisfy the need and now offer international standard quality services. In fact if you have been to Northern Cyprus before 2004 and you visit it again you will be shocked by changes that have taken place.
Infrastructure has gone through enormous development thanks to help of the EU UNDP and USAID which pour millions of Euros into the country. These monies are used to expand roads make new path ways restore historical monuments and preserve national parks. North Cyprus is not an underdeveloped place any more. The standard of living is comparable to of west European countries.
Now you can enjoy your weekends going to the golf club horse riding scuba diving paragliding hiking sailing to name a few. Guests and citizens enjoy their holidays in five star hotels. It should also be said that in streets of North Cyprus you will not any beggars and criminal rate is close to zero.
In order to save the virgin nature of the island new laws and restrictions are coming into action every month. A recently approved law forbids construction for lands zero to the sea so those who already have lands with building permissions can build and therefore have benefited from the new law. Very limited number of such plots are left in the market place so prices of these types of lands have soared.
One of the most significant developments in recent years in North Cyprus has been higher education. With its 6 internationally recognized universities every year North Cyprus is host for thousands of international students especially from Europe and Middle East. Students have diversified the population and created fantastic market for the rental properties.
Another significant change in last years has been rush of international corporate to secure their market share in North Cyprus. HSBC Nike Gloria Jean’s coffee are among companies with official presence in Northern Cyprus.
The Nature the sea the potential and the affordability keep attracting more and more investors to this island even in times of crisis.
About the writer: About TGR Group Asia Marketing With over 100 years combined experience in highend construction and a quality trackrecord TGR Group Asia develops and markets awardwinning private islands and exclusive residential addresses around the world. http://www.tgrasia.com
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