Busy Bees the Estate Agents in Northern Cyprus

A government registered real estate agent offering friendly advice and a wide portfolio of North Cyprus property for sale.

Previously Owned-Off Plan- New Build- Re-Sale-Land for Sale

Busy Bees are proud to present this marvellous opportunity to own a 1/12th  share in one of these luxurious apartments or penthouses in North Cyprus. Note that this is most definitely not a timeshare but is real equitable ownership. You will have a 4 week usage every year to enjoy all the on-site facilities and services to ensure a completely relaxing stay as well as a secure legally documented investment for the future. If you want to invest in a holiday home in the sun but don’t want full time ownership this may be just the mix of investment and pleasure that you are seeking.

The Location is on the north coast of the island between the Mediterranean Sea and the range of mountains that run parallel to the coast. 15 miles or so to the west lies the busy town and tourist centre of Kyrenia, famous for its delightful harbour which is surrounded by restaurants and bars and is reputed to be the prettiest harbour in the Mediterranean. Most requirements for day to day living can be purchased locally but Kyrenia Town (Girne) has numerous shops, banks, etc and also many other attractions. New roads through the mountains have made the journey to the south easier and now major towns such as Famagusta and the new five star resort at Bafra with its hotels and superb casino have become very accessible. The airport at Ercan is easily reached as is the capital city of Nicosia (Lefkosa).

Located in Esentepe there is a Korineum Golf and Country Club recently opened with all eighteen holes. This is one of the most exciting developments to come to Northern Cyprus designed by Arne Van Amerongen, being the first 18 hole par 72 international standard golf course in the north of the island. This spectacular course is the sixteenth course to be designed by Mr. Van Amerongen at a total cost of £7,250,000.00. Boasting a total of 21 holes, eighteen to play on and three dedicated training holes, this spectacular golf course sits on 800 donums of land sweeping from the mountains towards the sea. The total distance spans 6232 meters with sculptured greens and landscaped with nearly 400 olive trees. There are 4 restaurants and bars, conference rooms, and a lounge.

Just a few km east of Esentepe there is a superb new marina complex under construction located in Kucuk Erenkoy.  Spanning 100,000sq meters of land, it will berth 543 yachts plus hotels and other attractions.  The golf course and this marina development confirm the confidence big time investors have in North Cyprus and purchasers at this exciting new development can also benefit from its huge potential.

NEW TO THE NORTH CYPRUS PROPERTY AND HOLIDAY MARKET. ONE TWELFTH SHARED OWNERSHIP OF LUXURY APARTMENTS AND PENTHOUSES. From just £8,000 (GBP) for a 1/12th share .

When you buy a one twelfth share in an apartment or penthouse on this delightful and innovative development the allocation of weeks is decided by you, not by a form of lottery as in the case of many time share arrangements which this must not be confused with. You select your weeks from those available depending on the apartment or penthouse chosen (typically 2 allocations of 2 weeks each) You will then be able to enjoy the same 4 weeks every year for the duration of the 99 year lease which is fully legally documented, transferable and renewable. You have the flexibility of allowing friends and family to use your allocated dates if you wish and you may swap dates with other owners if so desired. Importantly, you can rent your apartment out privately or the site managers will attempt to rent it on your behalf if so instructed.

Decisions Decisions Decisions    Fortunately there are only three really important ones.

Decision 1:  Do you want to purchase a 1/12th share in  a garden view apartment or a penthouse?

Decision 2:  Which apartment block do you want your apartment or penthouse to be in?

Decision 3:  Which numbered weeks do you want to purchase from those available ?

How much will it cost?

The purchase price of your one twelfth share will depend upon which 4 weeks, (typically taken in 2 allocations of 2 weeks) that you choose from the residence year calendar.   Payments will be made in stages.

Legal Advice.  The developer has negotiated a preferential flat rate with a leading local solicitor who will guide you through the legal process and ensure that all necessary formalities are completed.

Various property taxes in accordance with TRNC law apply. These are currently:

Purchase tax: 6% of property cost reduced to 3% for first time buyers. (There is currently a government discount of 75% on purchase tax.) Stamp duty 0.5% of property cost.

Maintenance

The site is managed by the development company responsible for the entire project. This developer is a British-owned, family-run business priding itself on traditional values and standards of service. It was established in North Cyprus in 2007 and is located in central Kyrenia. The owners and directors have over 30 year's experience and knowledge within the property development market, having built numerous developments in the UK and North Cyprus. This company is one of the very few developers in North Cyprus with such vast experience and were proud winners of the "Best Villa" North Cyprus Property Awards in 2008 for their luxury villa built in Lapta. This is the only North Cyprus property developer registered with the Federation of Master Builders and adhering to its Code of Practice. By managing the entire project “in house” it is possible to ensure top quality of build and finish and to ensure that visits to your new holiday home will be the most pleasurable of experiences.

There is an annual maintenance charge of just £500-00 (GBP) which is fixed for the first 2 years and subject to review thereafter. This charge offers real value when one examines what you get in return:

The charge includes;  Utilities, (electric and water) property insurance, upkeep of the landscaped gardens and swimming pool, maintenance of all site facilities in both private and communal areas, scheduled interior and exterior of apartment blocks, planned and remedial maintenance as required, housekeeping, deep cleaning, repairs, replacement of furnishings as needed, security service and the provision of a basic welcome pack on guest’s arrival.

To the best of our knowledge, this is the first time that a shared ownership development such as this has been presented to the North Cyprus property investment and holiday market. This is a really exciting project that we expect will receive enthusiastic response from those who would love a home in the sun but are limited in the amount of time that they can spend enjoying it. Unlike traditional time share that offers just the chance to use some one else’s property for a couple of weeks a year with no investment value, this exciting new development gives you a fully legally documented, transferable and renewable investment for the future. A chance to own a piece of valuable real estate in a beautiful location with an impressive array of benefits included to make your chosen weeks here truly memorable. You also have the option to re-coup some of your investment by renting out your apartment for any unwanted weeks or providing friends and family with the holiday of a lifetime.

The next step.

As the allocation of weeks are selected by prospective owners it is important that you register your interest with us so that we can log you into the system. Obviously there is no obligation whatsoever at this stage. Once registered we can proceed to work with you through the process of making your decision to purchase, if that is your decision, and selecting your preference regarding apartment or penthouse, preferred block and preferred weeks.

Prices from: £8,000 (GBP) for 1/12th share.  Reference: HP0334