This statistical image, which was recently published by the government of Cyprus, shows the property prices from 2016 to 2021 in this country.
Many people believe that the growth of property prices in Iran is very high and is not similar anywhere in the world. If the property price jump in Iran is a function of currency growth and due to currency inflation, the price of property, cars, and other things will increase.
However, according to published statistics, property prices in Iran have grown 4-5 times in the last 5 years, which is not comparable to Cyprus, and the interesting thing to note is that this price growth in Cyprus is not due to inflation, because the price of the rest of the goods have been almost constant, but it has happened due to the increase in demand.
- In 2016, the price of a studio unit in North Cyprus was 22,000 GBP, which means that according to the pound rate of 1995 (amount 1GBP = 4900 Tomans), a person could buy this apartment unit with 107,000,000 Tomans, or, for example, a two-bedroom unit of 75 meters In 1995, it was about 245,000,000 Tomans in Iranian currency.
- Now, according to statistics, in 2021, the price of a studio unit is 42,000 GBP, that is, at today's exchange rate, it is equivalent to 1.5 Billion Tomans, and a two-bedroom unit at 74,000 GBP, which is equivalent to 2.6 Billion Tomans.
- This shows that within 5 years, the property price in North Cyprus has grown 14 times !!!!
- Let's not forget that due to the widespread global publicity for North Cyprus, the high potential of this area for building coastal properties, the large investments of England and Israel in this area, etc., in the coming years, the price will increase much more. We will be in this area more than we have.
- Also, you can get your permanent family residence by buying a property, and whenever you decide to leave your country for any reason, you can stay in a European country. Your residence will facilitate your visa process in any European country of your choice.
- On the other hand, you can rent your property and earn a good income in GBP.
- In addition, the property document you receive is completely similar to a Cypriot origin and is not a temporary document like in Georgia, Dubai, etc., and the government will not have any share of your document.
It should be mentioned that these conditions will not be permanent and very soon, due to the demand of foreign investors from European countries, like Ukraine, Russia, Norway, etc., the government will consider stricter rules for buying property and obtaining residence. Therefore, now is a very good opportunity you get your unit at a very reasonable price, installment payment terms, the possibility of obtaining residence without much investment, and benefit from all these benefits.
Also, the Radman Mediterranean company has provided conditions for you, dear ones, to come to Cyprus without quarantine before buying and visit the project closely and then make your purchase.
We are with you on this path until the end.