MEDITERRANEAN BEACH FRONT LAND FOR SALE- 481,680 SQUARE METRES OR ABOUT 120 ENGLISH
ACRES OF BUILDING LAND ON THE KARPAZ PENINSULAR OF NORTH CYPRUS
- 20 minutes from new marina
- 10 minutes from Dipkarpaz
- Stunning sandy beaches
- Stunning location
- Touristic planning permission
- Great views wonderful sunsets
- Tremendous investment potential
A superb investment opportunity in one of the hot spots in Europe. The Karpaz region
has seen a huge amount of investment poured into it over the past 3-
The Region
The Turkish Republic of Northern Cyprus is one of the few remaining “undiscovered” places of the Mediterranean. It has a diverse abundance of outstanding and unspoilt natural beauty from the crystal clear waters and golden sandy beaches to the heights of the pine clad mountains and Crusader Castles. With exemptions on income tax, import duties, corporation tax and very low council tax North Cyprus is a property investors’ haven. The past three to four years has seen an increase in foreign investment where we have seen investors from Russia, Israel, Turkey and the UK buying into property, land and large scale developments. With prices around half of that in the south of the island the potential for growth is considerable and real.
Although there is an increase in the amount of development going on it is being strictly
regulated by the government which is wary of degrading the coastlines and natural
beauty of the country with ill-
The region has strict regulations on development and is a protected wildlife sanctuary where rare turtles lay their eggs on the golden sandy beaches, in excess of 300 species of birds pass through every year as they fly along one of the main migratory routes. Wild flowers are in abundance and the landscape is distinct from the rest of the island. It offers a haven of tranquillity for those who wish to explore the ancient monuments, walk or cycle on the mountain tracks or just relax on the beautiful beaches.
Bafra – New Resort hotels
Investments made jointly from the private sector and the government in the Bafra region are designed to boost tourism in the area. Plans for no less than 16 five star hotels, a shopping centre and enlarged desalination facilities will make this into the ‘Las Vegas’ of the Eastern Mediterranean’. The hotels will be designed along various themes with such names as The Hanging Gardens of Babylon, The Coliseum, The Kaya Artimis, Noah’s Ark etc. The 750 bed Kaya Artemis is already completed as is the Noah’s Ark Hotel, both are impressive and it certainly makes a statement about the future of tourism in this part of Northern Cyprus. New roads are being built to reduce the travel time from both Kyrenia and Famagusta to this region which can only enhance potential return on investment.
As if that were not enough the new Karpaz Gate Marina is now open and operational. Located just north of the village of Yeni Erenkoy . It is large enough for 350 plus vessels, including Super Yachts of over 65 meters. Restrictions on sailing along the territorial waters of the Turkish Republic of Northern Cyprus have now been lifted which means yachts will sail to this new and almost only available berthing spot in the Eastern Mediterranean. This will further add value to properties and investments in the area and act as a money magnet with the super rich bringing their yachts and wanting to explore the region.
Developing
Should you be looking at developing property in North Cyprus, for example a development for residential tourism, a holiday resort or other such touristic developments then you will need to form a Limited Company within the Turkish Republic of Northern Cyprus. We are able to introduce you to relevant solicitors, architects and builders for this purpose.
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 the 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 it must have an existing building on it, otherwise the limit is 1 donum upon which you may only build one property on the land. We can help in setting up a trust deed should you wish to purchase more land than allowed.
This extract from Google earth shows the land (360 donums), and its proximity to other attractions and places of interest. The setting is in an unspoilt part of the peninsular yet within fairly easy reach of other places of interest.. The stunning Karpaz gate Marina less than 20 minutes away and to the north the magnificent beaches of the Karpaz itself. Travel further south and you will be rewarded by relaxing by the harbour at Bogaz and a must see is the ruins of ancient Salamis and of course the heritage contained within the walls of Famagusta old city. Road improvements will mean a new road through from Kyrenia along the north coast to Dipkarpaz should be completed by next year.
