Real estate experts from Lefkoşa (North Nicosia) named the advantages of investing in Famagusta District and singled out several areas where investments would be the most profitable. The local luxury housing market is considered particularly lucrative, attracting investors and buyers from all over the world.
According to the experts, properties with the highest returns are in the following locations:
Long Beach is a resort area with many large residential projects. The cost of rent is high thanks to the well-developed infrastructure and views of the Mediterranean Sea. Many developments here boast their own pools, landscaping, fitness centres, and fenced beach areas, which can only be accessed by residents. All these perks will help to both maximise rental income and resell the property at a higher price if needed.
Palm Beach is another resort with a large beach. Here you can find several major projects in the luxury real estate segment, including apartments, villas, and townhouses. Proximity to one of the most popular beaches drives up the cost of rent and sale. Note that most of the promising properties in Palm Beach are large-sized housing.
Salamis Bay is an area where there are many historical sights and viewpoints with beautiful vistas. Among real estate projects, the most notable are seafront villas, high-end penthouse developments, and private communities with rich infrastructure.
Purchasing apartments in these areas will be a good investment. Additional advantages of buying real estate in the TRNC are the soft tax policy of the republic’s government and a consistently high flow of tourists interested in short- and long-term rentals.