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DEVELOPMENT LAND FOR SALE IN NORTHERN CYPRUS

£25,000 GBP
Per Donum

Excellent opportunity to purchase this large plot of land measuring 7.5 donums or 2.5 English acres of prime development land in the up and coming area of Otuken. This piece of land has 35% build permission and would be ideal for an investor who wishes to build a small complex of luxury 2 floor villas. The immediate area has already been developed with holiday and permanent homes by one of North Cyprus’ leading builders, so this plot is ripe for development. Electricity and water facilities are both available on site. The land is situated with a side road passing alongside it which leads onto the main road used to access Famagusta. This land is located only a ten minutes drive away from the historical city of Famagusta and just 35minutes away from Ercan airport, or 1 hour from Larnaca.

 

Please CONTACT US quoting reference HP1002

The Region

 

Formerly known as Famagusta. The city lies to the east of the island close to the border between

North Cyprus and South Cyprus. The region itself has some excellent sandy beaches along its long coast line.

 

With the confidence in North Cyprus being clearly demonstrated by people who rarely get it wrong,  it is in our opinion possibly one of the best investment options currently available in the Mediterranean. Land is especially expected to rise in value making this a proposition worthy of serious consideration. A tract of land of this size will have both residential and touristic potential.

 

Pure Investment  “Buy land, they don’t make it anymore”

This quote from Mark Twain was as true in his day as it is today and 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

Traditionally land area in Cyprus was measured in Donums. This can be confusing to anyone new to the country. So to help we have conerted them to more familiar units of measurement for you

1 Donum  1338 square metres (one third of an English acre, so 3 donums = one acre)

1 Evlec  334.45 square metres (there are 4 evlecs to one donum)