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A NORTH CYPRUS PROPERTY RENOVATION PROJECT OFFERS A ONE OFF OPPORTUNITY TO PURCHASE A VERY LARGE VILLA IN A SOUGHT AFTER KARPAZ LOCATION AT A BARGAIN PRICE.
Recently reduced in price this renovation project is bound to create much interest. When finished it will offer a covered area of over 300m² on a plot size of just under one donum It is located just a short walk from the centre of the village of Yenierenkoy which is on the Karpaz peninsula. Just a short drive to the new Karpax Gate Marina and the sandy beaches of the region. This represents an excellent investment opportunity for those with the energy and resources to complete the renovation.
The third –largest island in the Mediterranean, Cyprus lies off the southern coast of Turkey and the western shore of Syria . Highest peak is Mount Olympus at the 6.406 ft ( 1.953 m). Although the Karpaz region is largely unspoilt it is still very accessible for visitors, being just 90 minutes drive from Larnaca International airport in the South of Cyprus and only an hour from Ercan airport in the North. The old city of Famagusta can be reached in less than an hour and the capital city of Nicosia in just over an hour. Northern Cyprus has a lot to offer:
Year around sunshine
Low crime rate
Stunning scenery
Excellent investment potential
Friendly warm welcome from local population
The Karpaz 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-conceived construction projects. Developers are being forced to take the natural surroundings into consideration in order to maintain the integrity of the natural setting. Despite the recent price hikes in the North Cyprus property market, it still offers investors great opportunities to buy real estate at very competitive prices. One such area is the Karpaz region. The Karpaz Peninsular is at the northern most tip of Cyprus, pointing out towards Syria and Turkey.
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.The village of Yenierenkoy is located about halfway along the Karpaz peninsula and handily placed to reach both the southern Karpaz coast and also the north coast. Just a ten minute drive takes you to the new marina. There are all amenities in the village including a supermarket, bank, post office and pharmacy. There are a few local restaurants and of course a selection of excellent restaurants further along the coast
There are some new and exciting developments in this region and despite a global recession in property work continues on the planned developments mentioned below.
Viva Las Bafra!
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 themed 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 Artimisia Temple, Noah’s Ark etc. The 750 bed Kaya Artemis is already completed.

Now:£60,000 (GBP)
Please CONTACT US quoting Ref: HP0326
Massive reduction for a
quick sale: Was £88,000
PICTURE GALLERY

 

Please CONTACT US quoting Ref: HP0326