A 5 Bedroom Detached Villa In Northern Cyprus

Heavensgate Villas are located five minutes walk to the village of Ozanköy, along a pretty, meandering lane with pleasant walks Ozankoy has a strong expatriate community and benefits from a wealth of excellent restaurants, bars, shops and Cypriot coffee shops.

Additionally behind Heavengate lies the picturesque mountainside village of Bellapais meaning “Beautiful peace” which has been immortalised by the famous author, Laurence Durrell in his book Bitter Lemons.

Not only does this well-maintained village offer numerous eating places, it is one of the top tourist attractions due to the majestic Bellapais Abbey which now plays host to international musical concerts performed throughout the year.

North Cyprus’ has experienced a boom in international investment over the last four years in the lead up to the island joining the EU in May 2005. Although EU regulations are suspended in the north pending a political agreement between Turkish Cypriots and Greek Cypriots, the north has most definitely prospered since the southern part of the island joined the bloc.

The opening of crossing points allowing the complete freedom of movement of people and goods has meant that some of the 2 million visitors flying into Larnaca Airport in south Cyprus are now holidaying in the north. Salaries have increased by an average of 25%. And property prices have increased by 170%. The ‘mother country’ Turkey also has a key role in the economy as it invests $350 million per annum in North Cyprus ’ public infrastructure projects.

Property prices in the north are much more competitive than those of the south but catching up fast so the prospect for good capital growth is real. The rental market is strengthening with the north’s increased international profile and the continued lack of hotel bed’s.

FOR THE PRICE OF AN APARTMENT INVEST £92,250.00 or 158,393.36 USD NOW PAY NOTHING FOR TWO YEARS, RENT FOR 12 WEEKS PER YEAR TO COVER MORTGAGE PAYMENTS.

This is a very strong opportunity for all investors due to investing only 35% now and pay nothing for two years, the property is Turkish title, is located in a very sought after area, which commands a premium and will attract strong rental yields.

The property briefly consists of:

5 bedroom detached villas
Pool
Magnificent views
Luxury fittings throughout
5 ensuite bathrooms
Gardens

FROM €348,000

REF: HG1