3 bedroom villa for sale
Northern Cyprus - Girne, Ozankoy
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- Pre 74 Turkish Title
- 3 Bedrooms
- Fitted Kitchen
- Fitted Wardrobes
- Large Roof Terraces
- 230 m2 covered area
- 100 m2 Balconies and Terraces
- Private Overflow Swimming Pool
- Close to beach
- Excellent location
Each three-bedroom property includes a master bedroom with en-suite bathroom, a family bathroom and a guest shower toilet. All bedrooms with fitted wardrobes, a lounge, dining room, kitchen, and utility room. From 155 m2 of closed living space and over 100m2 of open terraces and balconies, the houses are purposely built to take full advantage of the extraordinary views and glorious, long summers that Cyprus is famous for. The houses are built on generous, individual plots with external cavity walls, double glazed aluminium windows and aluminium shutters throughout. Tiled, pitched roofs keep the properties cool in summer and warm during the winter. All piping and electrical cabling for central heating and air-conditioning is built into the infrastructure, with electric sockets, television and telephone points provided throughout.
Ozankoy is situated just 3 miles East of Kyrenia, one of the prettiest villages in Northern Cyprus and is home to a small but truly multi national population. The residents of the village have been drawn by the attraction of the peace and tranquillity of Ozankoys setting, the beautiful and preserved natural environment around the village and the friendly welcoming nature of the local Turkish Cypriot people.
An Excellent investment opportunity.
Pre 74 Turkish Title
Large Roof Terraces
230 m2 covered area
100 m2 Balconies and Terraces
Private Overflow Swimming Pool
Close to beach
Why Invest in North Cyprus
As trade and travel restrictions loosen between the two sides of the island, and reunification talks gather pace, property investors have been increasingly looking towards Northern Cyprus.
The Southern portion has been popular for many years, with high tourism numbers meaning the coastline has been saturated with concrete hotels and mass resort developments. Property investment in this region is considered by many to be long past its peak. Whilst there is still a market for holiday homes, they are generally considered overpriced and not an investment option.
Northern Cyprus is widely regarded as less developed and more naturally beautiful than the South, and has a profusion of beaches and mountain tracks. Investors have seen impressive price rises of around 25% over the past two years, boosted by those reacting to the increase in tourism, and those expecting reunification and the benefits that come with it.
Despite these increases, purchase prices are still in some cases 50% cheaper than comparable properties in the South. Prices are also favorable compared to the rest of Europe on a price-to-income ratio, meaning there is still plenty of headroom for growth, and any further rises can still be considered sustainable.
The Northern Cyprus government is taking steps to promote property investment internationally. An article towards the end of 2008 in British daily national newspaper, The Independent, summed up the growing interest in the region, “in many areas you can find a villa with its own private grounds, private swimming pool and three bedrooms for £150,000 or less. It’s fantastic value and build quality is high.” Partners Abroad currently have two bedroom apartments in Kyrenia, with prices starting at just £34,000, large spacious (120m2 closed area) three bedroom apartments in Lapta start at an amazing £37,500, probably the cheapest apartments currently on sell in the Mediterranean.
With news emerging on the Disneyland development, golf courses and casinos being built, along with the Turkish mainland set to join the EU, substantial growth is expected to occur. As Cyprus is a former British colony, the majority of foreign buyers are British; there are now also a number of wealthy Russian investors making enquiries about property on the island, which typically leads to a boom in prices as it becomes an international market with interest from cash-rich buyers.
As a property market, Northern Cyprus is still very much in the emerging stage, but for investors ready to take advantage of upcoming political changes, a large return on investment is ready to be made