Buying to let
If you are investing in a property in North Cyprus with the view to let it out as a rental property the potential tenants requirements must be considered.
The key points to consider include the idea of buying on a complex, such as Tatlisu Village with a communal swimming pool and other facilities. This type of property would appeal to holiday makers looking to rent a villa or bungalow that provides everything close to hand. Most often, the property owners employ a site management company to maintain the site with costs shared by all owners. Therefore, there is no need to employ independent gardeners, or pool maintenance companies.
Apartments are also always popular with both holidaymaker's and those looking for long-term lets. Apartment blocks in North Cyprus are mainly situated close to local amenities, bars and restaurants, so personal transport is not always required, again there is likely to be some type of communal charge to provide the regular up keep of the site and its facilities.
Other types of developments without communal swimming pools are popular with investors. Such as the Sadrazamkoy holiday homes site, this project of executive semi-detached villas are perfect for those who want a "get away from it all" holiday but like the security and convenience of being on a complex but have the option to install their own private pool.
Buying to let is advantageous as whilst your investment is steadily appreciating, you are enjoying the revenue of a regular income.
Although one must be prepared for there to be certain periods during the year when your properties will be unoccupied.
For further information please contact us:
Cyprus Island Homes Ltd.
Entrance of Lemar Karaoglanoglu, Kyrenia
North Cyprus, Mersin 10 Turkey
Tel: +9(0) 392 822 2661
Fax: +9(0) 392 822 3460
info@cyprusislandhomes.com
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