Renovation Property for Sale in North Cyprus

When one thinks of property for sale in Northern Cyprus the majority of us think of all the new build or off plan properties being sold by developers and estate agents the whole island over – but for those who want something a little more ‘traditional’ there are an increasing number of older homes becoming available that require a certain amount of TLC.

Buying up renovation property for sale in North Cyprus is slowly becoming more and more popular with those expatriates seeking a dream home in the sun that comes with character, history, large well established gardens and maybe even a bit of business potential on the side.

The older properties that are available for sale can often come with many added advantages such as being located within the pretty villages of Northern Cyprus, close to the amenities and conveniences that such a location suggests, and also many are positioned on far larger plots of land than modern villas and they may come with well established gardens complete with mature fruit, olive, carob or palm trees.

Immediately the location, size and condition of the plot on which the property is built adds greatly to its value but unfortunately many of the properties available for sale have been long neglected and are crying out for renovation. For those with the time, energy, patience and commitment, renovation property in North Cyprus offers an unrivalled opportunity.

Such properties are often for sale well below their true market value because of the work that needs to be done to the property. The location of renovation properties directly within villages such as Ozankoy, Bellapais, Alsancak or Karsiyaka for example adds greatly to the final value of a renovated home and the final value may well be far greater than a new villa on the outskirts of these popular villages could ever command. And so resale property of this type in TRNC represents great investment potential.

Another advantage that many renovation projects in Northern Cyprus have is the amount of land that they come with…it’s therefore possible to further develop and extend the renovation property, add more buildings to the plot as well as a pool and straight away the business potential becomes obvious and some properties have been converted into small and exclusive boutique hotels, restaurants or even bed and breakfast or holiday village businesses. An added incentive of creating a tourism based business from a renovation property is that the TRNC government offer all kinds of incentives and tax breaks for those who develop facilities and amenities to help the tourism industry in North Cyprus.

All of these facts mean that it’s not really hard to see why there’s a growing interest in renovation property for sale in North Cyprus and if you’d like to find out about what’s currently available please and we’ll send you details of any interesting projects that we come across.