Why are land values increasing?
When we say investment as a society, the first thing that comes to our mind is housing and land investment. Owning a house is among the dreams and goals of many people. It has also been seen as an income-generating investment, where people can invest their savings without hesitation. The main reason for the increase in land values is the increase in demand. National factors and the dynamics of the region also play an important role in this increase in demand. Among the main reasons for the increase in demand for land;
1- BEING AN ISLAND COUNTRY
Soil is one of the limited resources on the islands. It is quite rational to live on this island in the Mediterranean region, take a vacation and invest in the geopolitical position of the country. When we compared to other island countries, the investment is cheaper and it is quite remarkable in terms of the amortization process.
2- POPULATION INCREASE
In addition to the current island population growth, people coming from Turkey and other countries of the world to work play an active role in the population growth of the TRNC. Universities, which have a great role in the national economy in addition to working and living people, affect the increase of the population periodically. Many universities operate in all cities, especially in the capital Nicosia. Considering the accommodation needs of the students, it brings many opportunities for the investor.
3- TO HAVE A GREAT POTENTIAL FOR TOURISM
The climate of the island, 9 months of sunshine, historical texture and cultural richness have made it the center of attention for many visitors. There are many well-serviced hotels and tourist facilities on the island. It is seen that tourists and visitors from all over the world have made various investments in the island in the future. This factor has also become one of the reasons that increase the demand.
4- INCREASED INTEREST OF FOREIGN INVESTORS
In the last period, we observe that the citizens of the 3rd country, apart from Turkey, also have an intense interest in housing and land investments. One of the most important reasons for this is that Northern Cyprus real estate prices are much more economical than Southern Cyprus, which is located on the same piece of land.
It is much easier and cheaper to live in Northern Cyprus for the investor whose earnings are in foreign currency. Recently, projects for foreigners have accelerated this process
5- THE TRNC IS BETWEEN SAFE ZONES IN TERMS OF CORONAVIRUS
The epidemic we are living in has adversely affected our entire lives. We are witnessing that the epidemic is getting out of control, especially in big cities where the population is dense. The small population of the TRNC, the early measures and the sensitivity to the measures have allowed us to spend the epidemic period in a more controlled manner. Considering all these details, the idea of living on the island seems more attractive and valuable. This was one of the reasons that increased the demand.
We observe that land prices are increasing day by day. Our expert team will be at your side so that you can become a winner and manage your investments in the best way with the lands that increase in value day by day. We are ready to support you by our expert team so that you can manage your investments correctly in the short, medium and long term and get more detailed information about the markets.