BUILDING LAND FOR SALE IN THE FAMAGUSTA REGION OF NORTH CYPRUS.
An opportunity to purchase this plot of land in a prime location in the Famagusta region of Northern Cyprus. This plot has potential for a variety of uses as the build permission is 50%. Located just outside of Famagusta city adjacent to the Nicosia to Famagusta road it could be suitable for development as residential, or retail or leisure purposes or simply as an excellent investment. Electric and water are close by.
THE LOCATION
The Famagusta region of Northern Cyprus has so much to offer. From the fascinating old walled city with its numerous shops, restaurants and bars then driving north past the ruins of ancient Salamis passing miles of sandy beaches coming to the picturesque fishing harbour at Bogaz and then onwards to the magnificent Karpaz peninsula where some exciting developments are taking place firstly at Bafra with 15 new themed hotels under construction and then on to the Karpaz Gate Marina. All this and some of the most beautiful beaches in the world, yes, Famagusta seems to offer everything.
Famagusta is one of the most important, greatly fortified ports on the shores of
the Mediterranean. To the north of Famagusta lie the fabulous ruins of Salamis. This
one great city is believed to have been founded in the 11th century BC and after
the influences of the many conquering nations, notably the Romans, the city was finally
abandoned in 648 AD following the combined catastrophes of earthquake and raids by
Arab pirates, when the population moved to Famagusta. The spectacular ruins give
a fascinating insight into long-
- 50% Build permission
- Electricity & water available
- Excellent investment
- Close to University
- Stunning location
- Close city centre
- Great potential
- Close to Airports
£2,500 Per Donum
Buy Options – the choice is yours!
Land in North Cyprus can be purchased for many different reasons.
Building your own villa
Some people prefer a villa or an apartment on a holiday complex with lots of facilities, others may prefer a quiet spot in the country to live in peace and tranquillity. Then again, maybe the prospect of living in a typical Turkish Cypriot village may be very appealing. A lot of Europeans and other foreign nationals have found that adapting to the Turkish Cypriot way of life can lead to a most rewarding lifestyle.
We are able to assist in the whole planning process for those wishing to purchase a plot of land to build a villa or bungalow to their own design. Helping you find and secure the right plot of land with secure Title Deeds is critical. We have a good portfolio on our books but if your ideal is not available we have numerous contacts within the local community and will endeavour to find what you desire. Having secured the land, we can then assist you in employing a good solicitor, architect, and builder and guide you through the processes. Once the building process is underway we will keep an eye on progress to ensure time lines are met according to your contract and that your staged payments are made to the builder as scheduled. Foreign citizens may now purchase up to 5 Donums but may only build one villa on the land.
Developing
Should you be looking at developing in North Cyprus, you will need to form a Limited Company within the Turkish Republic of Northern Cyprus to do so. We are able to introduce you to relevant solicitors, architects and builders for this purpose.
Pure Investment
Many people are buying land in North Cyprus for investment purposes. There are no
complicated concepts that investors need to understand with land, just that there
is an ever-
Land sizes
1 Donum 1338 square metres (one third of an English acre)
1 Evlec 334.45 square metres
Build costs
Build costs can vary, dependent on what standard of finish is required. For a standard finish, please allow approximately £400 per square metre. Costs of architects, electric, swimming pools, landscaping and so on can be given on individual plots at the time of viewing.