Latest News
21-August-2008
Award-winning Property Investment Ticks All the Boxes
Overseas property investment specialist, Obelisk, has a passion for excellence and the company’s determination to offer superior standards and high professionalism at all stages of property investment has reaped its rewards.
Interview with James Gonzalez
Northern Cyprus: Investment Potential 2008
Property investors in Northern Cyprus will find one of the Mediterranean's few remaining secrets and property prices as much as 50% lower than those in the south of the island. Tourism figures have been accelerating since 2000 and economic performance has been impressive, averaging around 15% per annum between 2003 and 2007.
Northern Cyprus - Perfect Investment Opportunity
Northern Cyprus is an exciting investment opportunity and foreign investment is actively encouraged without restriction, which means that significant property price growth is predicted in the medium term. Foreign property investors have the same rights as local residents and the number of potential foreign investors interested in Northern Cyprus is at an all-time high. Northern Cyprus' financial system is closely linked to that of Turkey whose strong economic presence has considerably stimulated foreign investment. Northern Cyprus' second largest trading partner, the EU, accounts for 21% of imports and 27% of exports.
Booming Tourism in Northern Cyprus
Tourist arrivals in Northern Cyprus increased steadily between 2002 and 2006, particularly since regulations regarding movement between the two parts of Cyprus have been relaxed. Figures showed an annual increase of 6.2% between 2002 and 2006, with the Central Bank of the Turkish Republic of Northern Cyprus (TRNC) reporting a massive 16.1% increase between 2006 and 2007.
Incredible Growth Potential
Property investment in Northern Cyprus has been consistently strong for several years and all indications are forecasting a long-term upward trend. Low property prices represent incredible growth potential when Northern Cyprus joins up with the South. This promising growth in terms of return on investment is attracting significant attention from overseas property investors in Northern Cyprus. Returns look particularly good when compared with other property markets within the EU and the UK. Property investment in Northern Cyprus is enjoying a boom that is set to continue.
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