Property in Kyrenia
Purchasing property in Kyrenia is an excellent choice for living, holidaying, and investing. Northern Cyprus is renowned for its untouched nature, ancient history, numerous sandy beaches, and developed infrastructure. The region is attractive to foreign investors due to its proximity to the European Union.
Properties in Kyrenia boast a high rental yield potential and are consistently appreciating. On average, property prices in the region increase by 10% annually. Due to the rising demand from foreign investors, dozens of new complexes are being built, offering amenities akin to 5-star hotels: swimming pools, saunas, fitness centres, cafes, and private beach access. In Northern Cyprus, developers offer payment plans ranging from 2 to 5 years, whereas in Turkey, it's typically 2–3 years.
Kyrenia comprises several districts, with the most popular being:
- Karşıyaka
- Alsancak
- Esentepe
- Bahçeli
Each offers a mix of affordable resale properties, new-build apartments, and luxurious villas.
Northern Cyprus stands out as a prime location for property investors. The quality of properties here rivals not just the southern region of the island but also numerous Mediterranean nations. Property in Northern Cyprus is more affordable than in Spain, Greece, or Turkey. The area also boasts an uncomplicated residency process, devoid of any minimum property purchase stipulations. For international buyers, buying property in Kyrenia has become quite hassle-free.
The city attracts tourists from Turkey and Europe, many of whom rent villas for both short and extended stays. There are several golf clubs in the area, with one in Esentepe spanning 65 hectares. The city is also home to the prestigious Girne American University, which has over 18,000 students from around the world, many of whom require rental accommodation. Investing in real estate in Kyrenia for rental purposes can yield up to 8% annually, with an average payback period of about 10 years.
Property cost in Kyrenia
Property prices in Kyrenia, Northern Cyprus, typically start from €70,000 for apartments. Villas can be purchased from around €300,000. Buying property under construction can be particularly advantageous: the price difference from the construction phase to the project's completion can be up to 25%. This is another reason why investors are keenly interested in Kyrenia.
For €144,000, you can acquire a 1-bedroom apartment in Northern Cyprus in a new residential complex, just 400 metres from the Şirinyalı beach. The complex boasts a fully-equipped spa, swimming pool, gym, massage rooms, sauna, and Turkish bath. It also features cycling and walking paths. The apartments are thermally and acoustically insulated; they come furnished and installed with appliances.
A good example of investment property in Kyrenia is a 4-bedroom under-construction villa, located 300 metres from the sea in the Lapta district and priced at €450,000. The complex will consist of six 2-storey houses, each 205 m² in size, with 50 m² pools, terraces, and private plots ranging from 400–460 m². These homes will also come fully furnished, with lighting, glazing, and a full set of appliances. The project is set to be completed by 2025.
Those looking for premium property in Kyrenia, Cyprus for investments and living should consider a villa priced at €979,000, featuring a private pool and natural stone finishes. This two-storey, 280 m² house has 4 bedrooms and 3 bathrooms, fully furnished and equipped. Residents of the complex will have access to a communal pool, children's playground, sauna, spa, gym, and security services.
Buy property in Kyrenia
Our property aggregator website offers information on residential real estate for sale in Kyrenia from trusted developers and agencies. You can explore a wide range of options all in one place. Convenient filters allow you to find homes that perfectly match your criteria. Sort the results by price, size, number of bedrooms, and other parameters, select the best options, compare them, and make an informed decision about buying a villa in Northern Cyprus.