Three key areas have emerged in the Northern Cyprus real estate landscape, in esentepe, Bogaz and bafra. The Esentepe/Tatlisu area has always attracted visitors for its natural beauty, however, recently the area has gained popularity with the opening of the only international standard 18-hole golf course at the Korineum Golf and Country Club. This new golf course has been the catalyst for a wide variety of developments, all within easy reach from the manicured greens.

Just as the golf course has been integrated with the landscape, the best real estate agency in Esentepe does the same. The Serenity apartments in Esentepe are located among a pine forest, but also enjoy good views of the Mediterranean coast just 500 meters away. Each apartment block is offset from each other by the slope so that each apartment has a clear view from its balcony.

The specifications of Northern Cyprus properties are generally high, so you can really move in once the apartment is ready. Most of the properties have fitted kitchens, double glazing, ceramic tiles, fitted wardrobes and provision for water storage, as well as shared use of the premises facilities. (The Pine Villas complex, for example, has a large communal pool and a children’s pool for the 65 villas on-site.) The ownership package includes white goods but not air conditioning, a must in the North Cyprus summer heat. Some properties offer plumbing only or have air conditioning installed only in the master bedroom and living room. The elegant Art Deco style apartments at Turquoise Bay Golf and Spa Residence come with air conditioning and white goods as standard, plus all pipes for central heating – another essential for year-round rental potential. The site boasts a range of amenities that are fast becoming ‘must haves’ in any new development in Northern Cyprus, including a selection of swimming pools, a gym and saunas, plus a restaurant (or, elsewhere, a house resident club).

Bogaz was once a sleepy fishing village on the east coast of Northern Cyprus, enjoying a sheltered position just below the Karpaz peninsula. It is now one of the most active development areas in all of Northern Cyprus. The Caesar Resort aspires to be one of the best comprehensive vacation resorts in the area. The list of on-site facilities should keep any vacationing family busy for hours; swimming pools, tennis courts, outdoor jacuzzi, children’s playground, fully equipped gym, spa and beauty salon, games room, outdoor cinema room and the list goes on. Bogaz’s proximity to the ancient ruins of Salamis and the historic walled city of Famagusta ensures that non-sun worshipers will enjoy their stay in the area, especially with easy access to the rugged terrain of the Karpaz peninsula.

New properties for sale in Bogaz also have huge rental potential throughout the year thanks to the University of the Eastern Mediterranean, just a few minutes’ drive away, with 15,000 students and 400 professors looking for a place to live. For those looking to invest in a newly built villa in the Bogaz area of ​​Northern Cyprus, Monarga Resorts offers spacious villas with terraces and luxury features such as Jacuzzis.

The third large area of ​​real estate development in Northern Cyprus is centered on the town of Bafra, north of Bogaz. Located just as the beginning of the Karpaz peninsula, development here has been spearheaded by the Kaya Artemis Resort Hotel. This giant reproduction of the Temple of Artemis in Ephesus is an iconic five-star resort and casino, offering a whopping 2,400-bed capacity for international conferences and tourists.

The ripple effect of this huge investment is already being felt throughout the Bafra region. The Thalassa Beach Resort in Bafra is being heavily marketed by one of the UK’s leading estate agents, Savills, and aims to cater to the luxury segment of the North Cyprus property market, a sure sign of confidence in future growth and stability of the area. Advanta Investment’s Bafra Beach Resort offers stylish apartments in elegantly designed blocks right next to Artemis Resort itself, so rental clients are close to the facilities without paying resort prices.

New property developments in Northern Cyprus are much more geared towards a holiday rental market than the retired expatriate market that villa developers formally favour. Major property developers have moved into the North Cyprus property market with experience of selling in Spain and other established resorts, bringing a more professional and skilful approach to selling. Turkish and foreign investment firms are investing heavily, including several from Israel, Northern Cyprus’ closest neighbor to the east.

Therefore, if the time is right to invest in foreign property, it is the right time to invest in property developments in Northern Cyprus, before prices rise to Southern Cyprus levels.