There is always a question for us;
- Which market is better, more stable, and more profitable for investment?
- Should we buy currency or property?
- Is it better to invest in gold or real estate, digital currency, and whatnot?…
And these options are always available to investors, and choosing wisely at the right time makes people successful in these important matters.
But what factors are important and influential in this choice?
Of course, special attention should be paid to the rate of return, the amount of capital, risk-taking, and the long-term or short-term effect and investment time. Among the types of investment models; Investing in real estate has always been an attractive option for people. By doing this, they maintain the value of their money in line with inflation and become the owner of a house or office and commercial property.
Besides this issue, due to Iran’s special conditions in the field of currency and the inflation of the dollar (USD), pound (GBP), euro (EUR), etc., there is always the concern whether the capital will not decrease again compared to the previous years or that the property will not lose value. This is a good reason to worry.
But what is the solution?
If we want to benefit from the profit of the property at the same time and not have to worry about the decrease in the value of your capital, what options do we have?
“Investing in the field of real estate and buying houses in one of the stable and stable currencies such as pounds, dollars, euros, etc.”
By entering the market and choosing this type of investment, we invested our capital in the field of housing, and with the growth of the property, we benefited from the profit of this investment, we also converted our capital into stable currency, so with the increase in the price of the currency, our capital also increases and we don’t worry about the decline and worthlessness of our money.
Now this question arises, where is the right place for this type of investment?
According to the latest government statistics, property prices in Cyprus have more than doubled over the past 5 years, and due to the influx of buyers and increased demand for investment, this price growth will continue at a faster pace. It is also possible to invest in projects under construction by very reliable companies with a long history, which alone will multiply your capital in a short period.
On the other hand, global policies and the desire of countries such as England, Israel, France, etc. for the growth and development of Cyprus and the replacement of this country in the field of property and tourism instead of the UAE will cause the real estate prices of this region to rise in the no distant future.
It is clear that the beauty and pristine nature of this country, the mild Mediterranean climate, very high security, etc., all contribute to the rapid growth of this region and attract the attention of global markets for investment.
On February 5, 2021, American Forbes magazine, which is one of the most prestigious magazines in the field of finance and investment in the world, published an article titled “Top 5 places in the world to buy beach property”. As it is known, the title of this article is very heavy and on the other hand, it has a high attraction for the audience, and it is interesting to let you know that the first place in this classification was the city of the North Cyprus Seafront. This issue alone caused the price of property in this area to increase at that time.
Link to this article:
https://www.forbes.com/sites/kathleenpeddicord/2021/02/02/5-best-beachfront-buys-for-2021
One of the main and important advantages of buying property in North Cyprus is that buying and selling property in this country is in British pounds (GBP). So you turn your capital (from any currency) into one of the most valuable and stable currencies in the world, a currency that increases its value every year, even with the dollar (USD) and the euro (EUR), and you no longer have to worry about the increase in the price of the currency and the loss of your capital.
Unfortunately, one of the problems of buying property in Turkey is buying property in Turkish Lira. As you know, the Turkish Lira is a currency that is depreciating like the Iranian Rial, while in Cyprus, buying and selling, and even renting property is in British pounds (GBP) in most cases. This makes you confident and calm that you have turned your capital into a valuable currency.
Now, in addition to these investment benefits, there are other benefits to this type of investment such as long-term and interest-free installment payment terms, the possibility of obtaining permanent family residence, opening a bank account in all currencies, and having a MasterCard or Visa card, the possibility of registering a company, the possibility of studying and benefiting from medical services, and so on…
In conclusion, investment in the property field of North Cyprus is a profitable and stable investment.
For example, in 2016, the average price of a one-bedroom unit in this country was 34,000 GBP, and the rate of 1 GBP in our country (Iran) was 4,950 Tomans, which means the price of a one-bedroom unit was 168,000,000 Tomans.
Since 2021, the average price of the same property in Cyprus is 65,000 GBP, and the exchange rate for 1 GBP is 38,000 Tomans, which means the price of that unit is 2,470,000,000 Tomans.
This means that there has been a 14.7% capital growth over the past 5 years…!!!
Que: In which market have you experienced or are you predicting this kind of growth??!!
Now that the momentary increase in currency prices has started again, and on the other hand, due to the resolution of the problems of the coronavirus pandemic and the re-entry of tourists to this beautiful country, the property prices of this country are also increasing, do not miss the opportunity and think heavily about investing. This is the right time, as opportunities will not always be repeated.
With more than 9 years of specialized activity in the field of investment consulting and obtaining residency in Northern Cyprus, Radman Mediterranean Group will always be devoted to you our dear clients.