North Cyprus the last Mediterranean hotspot
Everybody knows that most areas of the Mediterranean are finished, the numbers are dropping and there is no more money to be made.
I came to North Cyprus Last year and personally i feel this is going to be the next major hotspot in Europe, Property value is rising on average 25-30% per year with land value rising upto 50% and this has been the case for the past 3 years.
As North Cyprus is NOT in the EU yet prices are still low for example you can pic up a 3 apartment for around £40 to £50k and 4 bedroom villas with private pool for around £150,000 currently bringing in returns of between 7 to 11%, when you compare this to South Cyprus or Spain you would struggle to find a 3 bedroom apartment for £150k on the beach front.
I have just been looking for a small plot of land myself and a came up with 1 donum (aproxx 1300m2) touching the sea with a private beach and permission to build a hotel for £200k.
this will be the next european hotspot!!!
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