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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-lost civilizations and include a magnificent amphitheatre, Roman baths, a gymnasium and royal tombs. The mosaics are particularly beautiful. Ravaged by war and earthquakes, the old walled town is now only partially inhabited, but it contains some of the finest examples of medieval military architecture extant and the 14th-century Gothic-style Cathedral of St. Nicholas, now a mosque. But nowadays the city comes alive at night with trendy cafes, bars and restaurants offering international cuisine as well as the traditional Cypriot food. Clubs and restaurants have traditional music as well as performers travelling from further a field to satisfy the tastes of all age groups. Close by the Eastern Mediterranean University, (E.M.U.) offers opportunities to an investor to tap into this market of both overseas and local students. Ercan Airport is just a 30 minute drive away and Larnaca airport, in south Cyprus is about an hours’ drive away.

The exciting new water supply pipe under the sea from Turkey using pioneering technology can only add to the future prosperity of Northern Cyprus  and we believe will also add value to property and land investments here.

 

£2,500 Per Donum

Please CONTACT US quoting reference HP0659

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-increasing demand for building and a restricted supply of plots for sale. Land prices have risen faster than equivalent house prices.

 

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.

 

North Cyprus Property