Moving to Cyprus. Who is it for?

Cyprus is a great place not only for a holiday but also for living. tells why.

So who is suitable for moving to Northern Cyprus?

1. Moving to Northern Cyprus can be particularly attractive for those who dream of buying a holiday home. Owning a holiday home and renting it out the rest of the time is a lucrative solution that Europeans have successfully used. The British appreciate the island for its right-hand traffic, which suits their habits, while other Europeans appreciate the small number of mosques and the rare calls to prayer, which distinguishes Northern Cyprus from Turkey.
2. For those who seek a quiet and comfortable life, moving to Northern Cyprus becomes an opportunity to enjoy the warmth and absence of fuss. If previously it was mainly pensioners and people of pre-retirement age who moved to the island, today a different trend is observed. Families with children and young people are increasingly choosing Northern Cyprus as a place of permanent residence. One of the main reasons was the excellent education available on the island. There are many excellent and affordable schools, including English educational institutions with the British education system. After graduating, students can easily enter universities in the UK. Cyprus also attracts students from different countries, providing the opportunity to receive high-quality higher education in international universities. The ease of obtaining a work visa and quick employment also contribute to the active resettlement of young people to Northern Cyprus.
3. Northern Cyprus is also attractive for entrepreneurs. It is easy to start your own business here due to simple and transparent rules, as well as a variety of free spheres of activity. A small capital is enough to start a business. Such conditions have allowed many goal-oriented entrepreneurs to live, work and actively influence the development of both the island itself and its infrastructure.
4. Northern Cyprus attracts investors who invest in real estate at the construction stage with the aim of subsequent resale after the commissioning of the facility. There is also a category of investors seeking to receive passive income through renting out real estate. Forbes has recognized Cyprus as the best place for investment, noting the attractiveness of the island for young professionals to live and work. Due to the constant increase in the number of people moving, there is a shortage of offers for renting and selling real estate. Currently, construction is actively underway, which creates profitable opportunities for investors. Buying an apartment at the initial stage of construction in a high-quality complex with subsequent resale after completion of the work is becoming an attractive solution. With the increase in demand for rent, investors can also count on 8-10% of annual passive income.
5. Large investors and developers are actively acquiring plots and real estate suitable for development due to their low cost. For example, the cost of housing in picturesque places on the first line of the Mediterranean Sea in Southern Cyprus can be 2-3 times higher than similar properties in Northern Cyprus.

It is also worth noting that the new airport on the island is a private enterprise and was built with private funds.

Northern Cyprus has significant potential, making the island an attractive place to live and do business. If you are interested in learning more about Northern Cyprus, the process of obtaining permanent residence and great real estate deals, head over to the Uptrendhomes channel. Here you will find useful tips and information from experts in the field of real estate on the island.

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