Northern Cyprus is a country with high economic potential. The development of this country has attracted foreign investors and this makes the future of North Cyprus very bright.
The country of Northern Cyprus, which is an island in the Mediterranean Sea, has become the destination of many immigrants from all over the world. The virgin nature, excellent weather and the calmness of the island made European and American tourists very interested in this country. This country is usually open to tourists all year round. Also, the high capacities of North Cyprus in the market, good tax laws, the presence of international universities and the development of its construction infrastructure have attracted foreign investors. It may be interesting to know that the American economic magazine Forbes has named this country as the best coastal location for real estate investment. If you are planning to immigrate or invest in this country, we have examined the future of North Cyprus in this article. Stay with us until the end.
Advantages of Northern Cyprus for immigration and investment
Today, Northern Cyprus is one of the most popular countries among Iranians. In fact, many Iranians have chosen this country as their place of residence. This country, which is the third largest island in the Mediterranean Sea, is progressing economically and culturally. In fact, North Cyprus can be considered a country of opportunities. This is because if you look around its cities, you will see traces of development and change. Although you may not be able to get hired in some specific jobs, the development of this country has made it possible for investors in new and emerging jobs to quickly find success. The bright future of Northern Cyprus in terms of culture and economy is one of the great advantages for immigration and investment in this country. But in general, the advantages of immigrating to this country are:
Benefiting from pristine nature and mild and healthy climate
Obtain temporary residence for yourself and your immediate family members
Obtain permanent residence after 5 years if eligible
Obtain citizenship after at least 6 or 7 years of residency, if eligible
Having excellent educational facilities for children
Using high-quality urban and medical services
Profitable investment in the short term
Existence of flexible and excellent tax laws
The reasonable price of the property in this country compared to European countries and the profitableness of buying and selling it in the short term
An emerging market for investment with high returns and long-term growth potential
What will be the future of Northern Cyprus?
If you are planning to immigrate to North Cyprus, you have definitely thought about the future of North Cyprus. We know that the island of Cyprus has been divided into two northern or Turkish and southern or Greek parts since 1974 after a civil war. The southern part of the island, which is the Greek part, is part of the European Union and is recognized by the United Nations. One of the most likely scenarios for the future of the island of Cyprus is its reunification. This issue has been discussed and negotiated a lot in recent years and there is a possibility that the island will be integrated in the future. In fact, the integration of the island will greatly benefit the residents of its northern part, because in this case, the entire island will be recognized as an independent country in the United Nations. You should also know that the country of Northern Cyprus in general is progressing and developing in various fields such as real estate, new and emerging businesses and other economic fields, and a bright future awaits the island. Pay attention to the fact that this island is always one of the most popular places in the world for vacations. Therefore, the country’s tourism potential is one of its positive aspects, and the income of some businesses will always be high.
What is the future of investment in North Cyprus?
One of the ways to immigrate to North Cyprus is immigration through investment. One of the important things that shows the future of North Cyprus is very bright, is the profitable and profitable investment in the short term. Although one of the best ways to invest in North Cyprus is investing in the real estate market, you should know that registering a company or entrepreneurship is also one of the most profitable ways to invest in this country. One of the important things that is good to mention here is the possibility of being the first in different businesses and markets; Because some markets and businesses do not exist all over the island and you, as an investor, can be the first person to deal with that specific area.
Examining the role of the real estate market in the future of North Cyprus
In the previous part, we mentioned that the future of North Cyprus in the real estate market is very bright and this is one of the best ways to invest in this country. It is interesting to know that the American economic magazine Forbes has introduced North Cyprus as one of the best places in the world for real estate investment. It is good to mention that according to the Ceicdata website, property prices in North Cyprus have grown by an average of 120% over the past years. The most important reasons for the growth of real estate prices in Northern Cyprus can be considered the sale of arenas and nobles, the low price of real estate compared to other countries, the excellent weather, the high level of security, the touristic nature of the region, and the country’s easy tax laws. All these things have made American and European investors interested in buying property in North Cyprus. This issue has greatly contributed to the country’s economy and foreign exchange. Today, we see the increasing expansion of constructions by these same investors.
final word
Northern Cyprus is known as the country of opportunities these days. The high economic capacity of this country and of course the newness of its markets have made investing in this country very profitable and have high returns in the short term. The role of the real estate market cannot be ignored in the development of Northern Cyprus. The temptation of buying a property on a tourist island that has a very good climate and pristine nature was able to attract European and American investors. On the other hand, the high possibility of integrating the northern and southern parts of the island with each other, along with all the mentioned advantages, shows the future of Northern Cyprus very bright.
