Girne is a pearl of the Mediterranean and a port city in Northern Cyprus. It is extremely popular with tourists from different parts of the world, as Girne sits by the sea and at the foot of the mountain. Tourists love the place because there they can find a relaxed pace of life in a combination with an advanced infrastructure, pristine beaches, and Mediterranean cuisine. The only downside that Girne has is relatively high property prices.
Those who like spending time in a comfortable area away from big cities and those who look to make lucrative investments buy real property in Girne. The return on investment is not instant, of course, but you can earn considerably more if you put your money in a house or an apartment Girner than if you put the money in a bank. Real property in Girne boasts an important advantage: its price is constantly growing. This is especially true for the residential complexes sitting close to the beach. The growth rate of property prices is much higher than the inflation rate.
Other interesting pieces of property in Northern Cyprus: Meraki residential complex.
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To tell the truth, the number of property pieces in Northern Cyprus that are worthy of attention is not very high. Bahama Wind residential complex in Girne is a pleasant exception, however. It possesses all possible advantages both for vacationers and for investors. Besides, you can invest in Bahama Wind at an early stage of construction: this possibility makes the prices even lower.
The most significant advantages of the residential complex:
- A high investment potential and minimal risks;
- Good prospects for the area development;
- The opportunity to buy an apartment while the complex is still under construction minimizes the price;
- Bahama Wind is an affordable investment object indeed: the lowest prices of a 45-square-meter apartment is only US$ 116,000;
- The apartments are going to be fully equipped;
- The infrastructure is well developed in the area;
- Lots of points of interest in the vicinity;
- State-of-the-art architectural solutions;
- Bahama Wind should be of interest to both investors and vacationers;
- When the construction work is complete, you can immediately let your apartment on a lease.
Other interesting pieces of property in Northern Cyprus: villas in Shellsea.
Characteristics of Bahama Wind residential complex
At the first glance, Bahama Wind is not very much different from other residential complexes that you can find in Northern Cyprus. If you look deeper, however, you will see that it is a well-balanced investment proposal. In addition, it is going to be a wonderful place for recreation.
Main details:
- Property type – apartments (studios and loft apartments);
- Location – Girne, Northern Cyprus;
- Apartment area – from 43 m2 to 135 m2;
- Constriction stage – just started (7% complete).
Distances from Bahama Wind:
- To the beach (coastal line) – 5 minutes;
- To the center – 35 minutes;
- To the airport – 43 minutes.
Apartment characteristics:
| Number of rooms | Minimal price, thousand USD | Maximal price, thousand USD | Minimal area, m2 | Maximal area, m2 | Number of bathrooms |
| 1 (studio) | 116 | 180 | 43 | 78 | 1 |
| 2 (loft) | 302 | 376 | 135 | 135 | 1 |
Other interesting pieces of property in Northern Cyprus: a studio in Courtyard Beach Resort.
We have to note that the prices are highly competitive if you take the quality of the apartments into consideration. Probably, you could find a studio in Northern Cyprus that costs US$ 50,000 or less, but you would have to compromise some important amenities. As far as loft apartments are concerned, these are rarely to be found in other residential complexes in Northern Cyprus.
Services and amenities available to residents of Bahama Wind:
- Secure parking lot;
- Well-equipped fitness center with experienced and highly-qualified instructors;
- Sauna;
- Turkish bath;
- Full spectrum of basic objects of social infrastructure;
- Restaurants and several cafes on the premises of the residential complex;
- Several open air swimming pools.
Recreational facilities in Bahama Wind:
- Shady garden;
- Walking paths;
- Children’s playground.
Technical equipment in Bahama Wind:
- Cable television with a large choice of channels plus a modern flat-screen TV plus a satellite receiver;
- Modern water supply system (with a water pump);
- Round-the-clock supply of cold and hot water as well as natural gas;
- Fortified doors with two locks of two different systems;
- Fire and smoke detectors.
Additional advantages of Bahama Wind:
- Round-the-clock technical support: you can solve any issues with the personnel’s assistance;
- In-house security service;
- Video surveillance all around Bahama Wind.
Other interesting pieces of property in Northern Cyprus: a studio in Magnolia residential complex.
Is Bahama Wind a high-risk investment object?
Investments in incomplete construction projects can be risky at times. However, this is not the case with Bahama Wind: the developer has a spotless reputation and the Turkish laws guarantee protection from fraudsters in the construction business. The residential complex that we are promoting here stands a good chance to be highly popular with foreign investors in Northern Cyprus.
The prospects for returning your investment are favorable. According to the statistics, (drawn from goldmarkestates), the maximum period of investment return is 13.5 years and it is often shorter. In view of the fact that the investment threshold is rather low, Bahama Wind is one of the best opportunities to invest in resort property located in Northern Cyprus.
Investment return statistics, region of Girne (2+1 apartment 85 m2 in size):
| Estimation year | Average selling price, thousand USD | Average long-term rent, USD per month | Investment return, years |
| 2015 | 69.85 | 350 | 13 |
| 2016 | 82.55 | 400 | 13.5 |
| 2017 | 101.6 | 500 | 13 |
| 2018 | 107.95 | 500 | 14 |
| 2019 | 113.03 | 550 | 13.5 |
| 2020 | 119.38 | 600 | 13 |
| 2021 | 124.46 | 650 | 12.5 |
| 2022 | 135.89 | 700 | 13 |
| 2023 | 146.05 | 900 | 10.6 |
Other interesting pieces of property in Northern Cyprus: a studio in Grand Sapphire Resort.
If you would like to learn more about the possibility of investing in Bahama Wind residential complex in Girne, Northern Cyprus, please write to info@qwealthreport.com, or contact us in any other way.
