Properties in North Cyprus that are close to the coastline are viral among buyers and investors. If you choose the right location and work with a reputable, experienced developer, you can enjoy great amenities, well-developed infrastructure, and ideal conditions for living and recreation. The high investment potential is another reason why coastal properties in Northern Cyprus are in such high demand.
In Northern Cyprus, residential complexes often offer a closed, self-sufficient infrastructure with amenities such as cafes, restaurants, swimming pools, shops, playgrounds, and parking spaces. Most residential complexes provide only a limited selection of housing options. If the complex you like doesn’t have what you need, you may have to search elsewhere. Exceptions to this are rare, such as the Green Valley Homes residential complex in Tatlysu village, Kyrenia, Northern Cyprus.
Discover the Charm of Tatlisu: Northern Cyprus’ Hidden Gem
The village of Tatlisu in Kyrenia, Northern Cyprus, is a hidden gem offering a tranquil paradise nestled behind the mountains, far from the hustle and bustle of city life. Here, the traditions and lifestyle remain reminiscent of centuries past – a sense of regularity, unity with nature, and a leisurely pace of life.
Tatlisu may appear to be a relic from the medieval Ottoman Empire, but it has transformed into a popular destination for foreigners in search of a comfortable and secluded lifestyle. Significantly, this tranquil village does not compromise modern infrastructure and conveniences for its picturesque setting.
Tatlisu is an appealing destination for both lovers of rural life and those who enjoy big-city comforts. The area offers a well-connected transportation system, high-quality roads, numerous cafes and shops, high-speed Internet, and satellite TV. It combines the best of both worlds, free from the drawbacks of either a bustling metropolis or a forgotten seaside village.
Approximate walking distances to essential amenities:
- Supermarket: 3 minutes
- Coastline with a quiet beach: 5 minutes
- Pharmacy: 5 minutes
- Various cafes, bars, and restaurants: 5 minutes
Approximate driving distances:
- Esentepe: 5 minutes
- Equipped golf course: 12 minutes
- Center of Kyrenia: 32 minutes
- Ercan Airport: 45 minutes
- Larnaca Airport: 65 minutes
Key highlights of the area include:
- Stunning bays, considered some of the best in Northern Cyprus
- Cozy beaches—sandy, pebble, and rocky
- Predominantly foreign population, mostly Europeans
- Thriving agriculture, ensuring fresh produce and dairy products are always available
- Numerous historical monuments, some dating back to the Neolithic era
- Developed infrastructure
- Real estate prices that are lower than those in Famagusta or Kyrenia despite similar property characteristics
Discover Tatlisu’s unique blend of historic charm and modern convenience, where the past and present coexist harmoniously.
Green Valley Homes Residential Complex: A Perfect Blend of Comfort and Investment Potential
In Northern Cyprus, seaside resort properties are frequently designed with investors rather than residents in mind. Consequently, many studios and apartments in these residential complexes are geared towards short-term relaxation rather than long-term living. These properties often have noisy and cluttered designs, incomplete kitchens, and inadequate storage space. While these features may be suitable for tourists, they do not meet the needs of permanent residents.
Green Valley Homes Residential Complex is breaking the mold. The studios, apartments, and penthouses are designed to be equally suitable for comfortable living and enjoyable summer vacations, making Green Valley Homes an attractive option for both ordinary buyers and investors.
Types of Properties in the Green Valley Homes Residential Complex
Block C:
– 2+1 corner apartment with garden
– 3+1 penthouse duplex
Block D:
– 2+1 apartment with garden
– 2+1 corner apartment with garden
– 3+1 penthouse duplex
Block E:
– 1+1 apartment with garden
– 1+1 corner apartment with garden
– 1+1 penthouse duplex
– 2+1 penthouse duplex
Block F:
– Studio with garden
– 1+1 apartment with garden
– 1+1 penthouse duplex
In addition to the residential options, Green Valley Homes Residential Complex also includes a separate block of commercial offices and fifteen self-standing bungalows, enhancing the diversity and appeal of the development.
Prices and Financial Arrangements at Green Valley Homes Residential Complex
Investing in residential properties in Northern Cyprus offers a degree of flexibility in financial requirements. The Green Valley Homes residential complex is notable for its ability to accommodate various buyer budgets. The price range at Green Valley Homes is broad, ranging from £115,950 to £515,950, enabling buyers to choose properties that suit their financial means. The developer’s goal was to attract a wide spectrum of buyers and investors rather than focusing solely on the elite.
Base Prices (in GBP) at the Time of Publication
- Studio with garden: from £115,950
- 1+1 apartment: £169,950
- 1+1 two-level penthouse: £169,950
- 2+1 apartment with garden: £250,950
- 2+1 two-level penthouse: £260,950
- 3+1 two-level penthouse: £325,950
- 3+1 bungalow: £515,950
Note: These prices are subject to increase after the residential complex is put into operation.
Recommended Payment Scheme (Percentage of Total Property Value)
- 35%: Upon signing the contract
- 10% + 5%: By the end of September 2024
- 10%: Upon completion of the foundation
- 15%: Upon completion of masonry
- 15%: After finishing flooring and plastering
- 5%: Immediately after commissioning
- 5%: Upon handing over the keys
The flexible payment structure and diverse range of options at Green Valley Homes Residential Complex make it an appealing choice for buyers and investors. If you need assistance in navigating these options, a personal consultation can offer valuable guidance.
Evaluating the Investment: ROI Calculation for Green Valley Homes
If your main aim is to buy real estate in Northern Cyprus for personal use, you can skip this section. However, another good option for studios, apartments, penthouses, and bungalows is to rent them out. This strategy helps you safeguard your assets with minimal risk while still owning the property.
Return on Investment (ROI) Calculation
In the worst-case scenario, the investment payback period for properties in Green Valley Homes will not exceed 15.9 years. The net annual rental income is 6.3%, significantly higher than the average bank deposit rate in the European Union. Furthermore, investing in Northern Cyprus real estate helps mitigate risks associated with financial system instability, making it a safer option compared to bank deposits and other asset protection methods.
Conclusion
Investing in real estate at Green Valley Homes is a wise decision for individuals looking to maximize returns while minimizing risk. Whether you intend to reside in the property or rent it out, the advantages of this investment are evident. With a favorable return on investment and a secure financial outlook, Green Valley Homes presents an attractive opportunity for both personal use and investment purposes.
