Apartments in Kyrenia
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Kyrenia, also known as Girne, is a prime destination for apartment investment in Turkish Cyprus.
Kyrenia has earned its reputation as the "favored region" in this small republic thanks to its natural beauty, excellent infrastructure, and government-backed development projects. Whether you're searching for apartments, villas, offices, or commercial properties, Kyrenia offers exceptional opportunities for both living and investment.
Where is Kyrenia Located?
Kyrenia is situated in northern Cyprus on the Mediterranean coast, covering an area of approximately 640 square kilometers. To the south lies Nicosia, and to the east and southeast is Famagusta.
The city is approximately 43 kilometers from Ercan International Airport, conveniently located at the heart of Turkish Cyprus. Kyrenia is renowned for its Mediterranean charm, with stunning sea views to the north and the majestic Kyrenia Mountains to the south. Its mild year-round climate, historical landmarks such as Kyrenia Castle and the Old Harbor, and a full range of services like schools, hospitals, and shopping centers make it a preferred location for residents and tourists alike.
Despite Turkish Cyprus being recognized only by Turkey, its stable political and economic climate makes it an ideal destination for both living and Apartments investment. Purchasing a property here, whether for residence or business, is a smart long-term move.
Features of Kyrenia Apartments
Kyrenia’s Apartments market is thriving, offering a variety of modern, high-quality properties suitable for all tastes and budgets. Compared to nearby European countries, property prices in Kyrenia are significantly lower.
Residential Apartments and Villas in Kyrenia
- Apartments: Typically range from 50 to 200 square meters.
- Villas: Start at 150 square meters, with larger options available depending on amenities.
The best properties often feature sea or mountain views and come with modern designs. Many residential complexes offer shared facilities such as swimming pools and gardens.
Popular Residential Complexes in Kyrenia:
- CC Towers Girne
- Located on Salih Mir Oglu Street, these residential towers offer panoramic views of the Mediterranean Sea and the Kyrenia Mountains.
- Close to Peace Park, providing a serene living environment.
- The project is also near Şht. Ecvet Yusuf State Hospital, making it a convenient choice for families.
- Flexible long-term payment plans are available from the developer.
- English Homes
- Situated on the outskirts of Kyrenia, this residential project is perfect for those who seek peaceful living combined with a dynamic lifestyle.
- Options include ground-floor apartments and penthouse-style townhouses, with gardens and terraces to enjoy the surrounding nature.
- Minimum apartment size: 74 square meters.
- Favilla Serenity
- A villa-only complex located 400 meters from the beach, offering breathtaking views of the Beshparmak Mountains and the sea.
- Villas feature 3 or 4 bedrooms, with private swimming pools surrounded by lush greenery.
Pricing Overview:
- Apartments: Start at $80,000 for smaller units and can go up to $250,000 or more for larger, luxury options.
- Villas: Begin at $250,000, with luxury villas reaching $1,000,000.
Offices and Commercial Shops in Kyrenia
Offices in Kyrenia
Kyrenia offers a wide range of office spaces suitable for ambitious businesses, particularly in tourism, law, legal consultancy, healthcare, and education. Office sizes typically start at 50 square meters, providing flexibility for small and medium enterprises.
- Pricing:
Prices for centrally located offices begin at around $100,000, especially near key markets and major tourist sites.
Commercial Shops in Kyrenia
As a vibrant tourist hub, Kyrenia boasts a thriving commercial atmosphere that blends its historic charm with modern business activity. From its old-town alleys and historical harbor to its bustling contemporary districts, Kyrenia attracts both visitors and investors, creating excellent opportunities for businesses to flourish.
Kyrenia’s markets feature a variety of stores, including souvenir shops, handmade crafts, fashion outlets, and shoe stores, catering to the city's bustling tourist activity.
- Pricing:
- Smaller shops or those in less central locations start at approximately $216,000.
- Larger shops or those in prime locations near major tourist and commercial areas can reach $4,788,000.
Advantages of Investing in Kyrenia, Cyprus
Investing in Kyrenia Apartments comes with both obvious and hidden benefits, some of which include:
- Prime Tourist Location
- High rental yields, especially for properties near beaches and tourist hotspots.
- Modern Designs
- New properties in Kyrenia feature contemporary designs that appeal to both local and international buyers.
- Growing Apartments Market
- Stability in political and economic conditions supports a thriving property market, driving demand for apartments, offices, shops, and hotels.
- Attractive Rental Yields
- Average rental returns are 6–7%, particularly during the peak tourist season, offering significant earning potential.
- Competitive Prices
- Compared to neighboring European countries, Kyrenia’s Apartments prices remain relatively affordable.
- Strong Infrastructure
- Well-developed roads, transport options, schools, hospitals, markets, hotels, and resorts enhance the region’s appeal for investors.
- Government Incentives
- Investments in Apartments projects worth $500,000 or more qualify for attractive tax exemptions, making the market even more lucrative.
Can I Purchase Apartments in Kyrenia on Installments?
Yes! Kyrenia offers flexible purchase options, making it ideal for those interested in investment or residency without paying a lump sum upfront. Many Apartments projects in Kyrenia provide installment plans, catering to various budgets and needs.
- Payment Plans:
- Down payments generally range from 10% to 50% of the property’s value.
- Annual interest rates on installment plans typically range between 5% and 13%, depending on the developer.
Developers also offer tailored solutions for foreign buyers, making it easier to access attractive deals. For assistance, our company provides customized recommendations to help you secure the best offers.
With its unique blend of modernity, history, and economic growth, Kyrenia stands out as an exceptional choice for Apartments investment. Whether you’re looking for a vacation home, an office space, or a commercial property, Kyrenia offers a promising future.
