Forbes Magazine Points to Northern Cyprus for Real Estate Investment!

In an article published in 2021, Forbes magazine highlighted the Turkish Republic of Northern Cyprus as one of the best destinations for real estate investment. In the article written by Kathleen Peddicord, the TRNC was listed among the top 5 countries offering suitable opportunities for investment along the coastline.

Before continuing, you may want to take a look at our article titled “Why Cyprus Is the Best Place to Buy a Home.”

The article highlighted the opportunities that Colombia, Brazil, Mexico, Belize, and Northern Cyprus present for real estate investors. In particular, the article mentions the Iskele-Long Beach region, noting that Northern Cyprus stands out for its cost of living and real estate prices, and that it is a location currently attracting significant interest from foreign investors.

Furthermore, as confirmed by Forbes Magazine, the TRNC offers numerous advantages for real estate investors. These include high rental demand, a short real estate amortization period (8–12 years), and the option to rent or purchase a home in foreign currency. The ease of obtaining residency permits are among these advantages. Along with these, the presence of numerous tourist facilities and entertainment venues, combined with a peaceful natural environment and a safe lifestyle, elevates living in the TRNC to high standards.

Forbes Magazine: Cost of Living and Affordable Prices

Forbes Magazine writer Peddicord, who also describes Northern Cyprus as a former British colony, notes that living in Northern Cyprus is quite affordable compared to similar countries in the Mediterranean. Peddicord, who also mentions the country’s unique hotels and casinos, states that due to the developed tourism sector, life in the TRNC is more affordable, reliable, and welcoming compared to major Mediterranean countries like France or Italy.

In an article based on a survey conducted by an international company for Forbes Magazine, homes ranging from 70 to 100 square meters with two bedrooms were compared. According to the results, owning a sea-view home in the İskele region of Northern Cyprus costs $75,000. This makes İskele one of the best investment destinations for living along one of the world’s most beautiful and longest coastlines.

Pointing to Northern Cyprus for Real Estate Investment. You can also visit our "Cyprus İskele For Sale Home Prices" page for more information.

About Forbes

Forbes Magazine is a U.S.-based business magazine. Renowned for its list of the world’s wealthiest individuals, the magazine is a leading authority on topics such as investment, business, entrepreneurship, and technology. Reaching over 94 million people worldwide, Forbes is sold in 68 countries. Forbes Magazine Highlights Northern Cyprus for Real Estate Investment!