The real estate market in Northern Cyprus is currently experiencing rapid growth, making local real estate an attractive investment opportunity. We are offering a unique chance to purchase real estate in the Salamis Sea Palace complex at a discounted price, 10% lower than the market rate. This offer is available during the pre-sale phase of the Salamis resort project.
Investment Attractiveness of Real Estate in Northern Cyprus
The favorable investment conditions in Northern Cyprus have been created due to the active construction of new projects, the development of the tourism industry, and government support. Developed infrastructure, good healthcare, educational institutions, and a relatively low crime rate make the TRNC an attractive place for families with children to live permanently.
Advantages of buying property in Northern Cyprus:
- Mild Mediterranean climate. Sunny weather all year round.
- Affordable real estate price. Prices for apartments, flats, and villas in the TRNC are much lower than in other European countries.
- Scenic nature and clean beaches. The region is renowned for its beaches, mountain vistas, and unique natural surroundings, which allure tourists and consequently drive up the demand for rental properties.
- Stable rental income. Investing in housing in Northern Cyprus for rental income will always be profitable due to a stable flow of tourists.
- Cultural heritage. There are many attractions and historical monuments in the region.
In Northern Cyprus, there are simplified procedures for foreigners to purchase real estate, making the process less complicated and time-consuming.
Salamis Sea Palace Complex in Yeni Boğaziçi
The modern Salamis Sea Palace complex is situated in the suburb of Famagusta called Yeni Boğaziçi. The area is experiencing rapid infrastructure development, including roads, shops, schools, and medical facilities, which enhances the quality of life and convenience for residents. The famous and popular ancient city of Salamis is located nearby, and Salamis Casino is just a two-minute drive away.
The complex consists of 4 blocks and eight villas, which include loft and linear layouts 1+0, 1+1, and 2+1.
What infrastructure will be available at Salamis Sea Palace?
- Parking
- Outdoor activity areas
- SPA
- Gym
- Hobby sites
- Storerooms
- A swimming pool
- Playgrounds
- Restaurant
- Roof bar
There will be a shuttle service from the complex to the beach and back.
General Information about the Facilities
| Facility name | Total area (m²) | Residential area (m²) | Terrace area (m²) | Bedroom area (m²) | No. of bathrooms | Price, £ |
| Studio apartment | 40 | 38 | 4.5 | 1 | 99,800 | |
| Loft studio | 26.55 | 3.50 | 13.65 | 1 | 125,000 | |
| Apartment 1 + 1 | 40 | 26.55 | 7.5 | 10.80 | 1 | 149,800 |
| Loft apartment 1+1 | 23.50+ mezzanine 18.90 | 7.55 + 9.85 mezzanine terrace | 10.80 | 1 | 180,000 | |
| Apartment 2 + 1 | 85 | 29.2 + kitchen | 16.6 | Bedroom 1 – 10.9; Bedroom 2 – 13.3 | 2 | 195,000 |
| Loft apartment 2+1 | 114 | 33.6 + 16.7 attic + kitchen | Terrace 1 – 30.2; Terrace 2 – 28.8 | Bedroom 1 – 10.9; Bedroom 2 – 13.3 | 2 | 365,000 |
Installment from the Developer
You have the option to purchase an apartment in the Salamis Sea Palace complex through an installment plan. An estimated payment schedule for buying a loft valued at £125,000:
- down payment — 35% or £43,750
- the remaining 64% will be divided into 36 months at £2,200 per month
- the planned construction completion date is July 2026.
Estimated profitability from the daily lease of the facility:
| Scenario | Rental duration (days) | Average rent a day, £ | Total rental income, £ | Net rental income, £ | Apartment price: £ | Net rental income per year | Payback period |
| Pessimistic | 180 | 75.00 | 13,500 | 9,450 | 125,000 | 7.6% | 13 |
| Realistic | 230 | 70.00 | 16,100 | 11,270 | 125,000 | 9.0% | 11 |
| Optimistic | 280 | 65.00 | 18,200 | 12,740 | 125,000 | 10.2% | 10 |
If we consider a pessimistic scenario where the apartment will only be rented in the high season, the net rental income will be at least 7.6%. The table displays the maximum daily rental price. In a more realistic scenario, the apartment will also be rented during a certain period of the average season, resulting in lower rental income. There is a formula that accounts for approximately 10% of the forecast difference. In an optimistic forecast, the apartment is rented out throughout the high and medium season, leading to a further 10% decrease in the average daily rate.
How to Buy an Apartment in the TRNC
Those interested in profitable real estate investment opportunities in Northern Cyprus can contact our portal’s experts via the communication channels listed on the website. We exclusively collaborate with trustworthy developers and offer assistance in registering a company in the TRNC, obtaining local residence permits, and handling other relocation-related matters.
