Is North Cyprus a good investment?

Is North Cyprus a good investment?

In North Cyprus, investors and lifestyle property buyers have “the best of both worlds” – getting their property value fixed to a stable currency whilst also gaining a low cost of living (due to favourable exchange rates against the Turkish Lira), which makes eating out, shopping or furnishing a new North Cyprus …

Where does Cyprus get its water from?

Traditionally water on the island came from aquifers; water stored beneath the Earth’s surface. But groundwater supplies have been depleted, and aquifers by the coast have started to take in seawater. This makes the freshwater salty, and means it can’t be used for drinking water.

Is Northern Cyprus a Turkish puppet?

It entered its current phase in the aftermath of the 1974 Turkish military invasion and occupation of the northern third of Cyprus. According to the European Court of Human Rights, the Turkish Republic of Northern Cyprus should be considered a puppet state under effective Turkish control.

Does Turkey own northern Cyprus?

No nation other than Turkey has officially recognised Northern Cyprus as a sovereign state. The United Nations recognises it as territory of the Republic of Cyprus under Turkish occupation.

Can foreigners buy property in North Cyprus?

Foreigners wishing to purchase in Northern Cyprus are limited to one property per person or married couple. Alternatively, up to one donum of land (1,338sq meters or 14,400 sq. ft). All purchases are subject to permission from the Council of Ministry, which can take about six months to complete.

Is it safe to invest in Cyprus?

Advantages of investing in Cyprus The crime rate in the country is very low. This means that your investments are safe from any form of external mishaps that often occur in other countries.

Is there a water shortage in Cyprus?

The island of Cyprus suffers from a chronic shortage of water. Droughts and insufficient rainfall are commonplace. The growing demand for sweet water and the decline of Cyprus’s non-polluted water sources place an additional heavy burden on the island’s already inadequate water supplies.

Does Cyprus have clean water?

The severe water scarcity and droughts conditions in Cyprus have forced the Government to turn to sea water desalination for augmenting potable water supply and to eliminate the dependency of the potable water on rainfall so that every person has continuous sustainable access to safe water.

Why did Turkish invade Cyprus?

The coup staged by the Athens’ junta against the elected government of President Makarios on July 15, 1974, served Turkey as a pretext to impose its divisive plans against Cyprus. On July 20, 1974, Turkey invaded Cyprus, violating all rules of international law, including the Charter of the United Nations.

Can I sell my land in northern Cyprus?

It should be noted that even if the owner of a property did not receive title deeds, he still is the rightful owner of the property if his purchasing contract was registered in Land registry of Northern Cyprus and he can sell or rent his property.