GBP 87,500 | Karaoglanoglu, Kyrenia, North Cyprus | 3 Bedrooms

A very impressive 190-m2-penthouse apartment with wonderful views of the sea and mountains. Set in a beautiful location surrounded by mature fruit trees with landscaped gardens. A very impressive specification list includes a large communal swimming pool and tennis court. Only a short drive from Kyrenia town centre with its many shops and restaurants.

Karaoglanoglu has now grown to be a sought-after suburb of Kyrenia, about 5km to the west of the town. The village is famous for its lemon and olive groves which sprawl the hills and the fields. In the recent years, with the popularity of the area both with locals and with tourists, several hotels and restaurants have emerged on the coastline.

Why invest in North Cyprus?

A number of economic and natural factors combine to make Northern Cyprus the ideal property investment location it is today.

Natural and cultural factors

•An average 340 days of sunshine a year make North Cyprus an agreeable place to visit or live and holiday in
•Outdoor activities are abundant, including trekking, golf, sailing and diving, ideal for nature lovers and water sports enthusiasts
•Beautiful golden sandy beaches and ancient monuments, eg. Castles, walled cities, abbeys, Roman ruins, make Cyprus a great holiday location with varied appeal
•Cyprus offers an interesting mix of cultures, with strong UK, Middle Eastern and Turkish influences. In addition, most of the local people speak English are welcoming and hospitable towards visitors.
•Proximity to the European mainland means that Cyprus benefits from regular budget direct flights, making access to the island very easy.

Economic factors

•Competitive prices and a low cost of living compared with other Mediterranean destinations make for an ideal investment climate
•Typical growth rates of 20% per annum in carefully selected locations
•The Strategic Plan for Tourism 2010 is upgrading facilities and resorts in line with 21st century tourism trends. This is set to boost the tourism industry on the island