Green Valley Homes: the best studios, apartments, and penthouses by the sea in Northern Cyprus

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North Cyprus property located close to the coastline may interest many buyers and investors. If you choose the right area and trust an experienced, reputable developer, you will receive good consumer characteristics, developed infrastructure, and all conditions for living and recreation. If we add the high investment potential, it becomes clear why housing by the sea in Northern Cyprus is in high demand.

One of the few possible problems is limited choice. The gold standard for Northern Cyprus is residential complexes that create a closed, self-sufficient infrastructure. The buyer of a studio or an apartment usually receives housing with developed living opportunities: cafes, restaurants, swimming pools, shops, playgrounds for children, parking, and much more. These properties are often located within residential complexes. That allows the owner to eliminate many everyday problems.

However, in most cases, residential complexes offer several types of housing – usually two or three options differing in the total area and the number of rooms. If you like a residential complex but it does not provide the required type of real estate, you will be forced to refuse the purchase. But there are pleasant exceptions to every rule. Green Valley Homes residential complex (Tatlysu village, Kyrenia, Northern Cyprus) is one of them.

Other attractive real estate opportunities:

Description of the area

The village of Tatlisu in Kyrenia is the pearl of Northern Cyprus. It is a piece of paradise hidden behind the mountains, practically unfamiliar with the bustle of the big city. The traditions and way of life here are similar to those of hundreds of years ago: regularity, unity with nature, and a leisurely pace of life.

One would think that Tatlysu is a remnant from the past, from the medieval Ottoman Empire. However, that is only partially true. The area has long been popular among foreigners who prefer a comfortable and secluded life. It is important to note that this life does not require abandoning modern infrastructure and conveniences.

Tatlys will appeal equally to connoisseurs of rural life and lovers of big-city comforts. It has a well-connected transportation system, high-quality roads, dozens of cafes and shops, high-speed Internet and satellite TV. Tatlysu has no shortcomings of a modern megalopolis or a small, forgotten village on a distant seashore.

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Approximate walking distance to useful sites:

supermarket – 3 minutes;
coastline with a quiet beach – 5 minutes;
pharmacy – 5 minutes;
several cafes, bars, restaurants – 5 minutes.

Approximate distance by car:

Esentepe – 5 minutes;
equipped golf course – 12 minutes;
center of Kyrenia – 32 minutes;
Ercan Airport – 45 minutes;
Larnaca airport – 65 minutes.

Things you should know about the area:

magnificent bays, many consider the best in Northern Cyprus;
cozy beaches – sandy, pebble, rocky;
most of the population are foreigners, mostly Europeans;
developed agriculture, so there should be no problems with fresh vegetables, dairy products, fruit, or meat;
many historical monuments, some of which date back to the Neolithic era;
developed infrastructure;
real estate prices (with similar characteristics of the objects) are lower than in Famagusta or Kyrenia.

Green Valley Homes Residential Complex

Usually, seashore resort property in Northern Cyprus is aimed at investors, not residents. Therefore, studios and apartments in many residential complexes are not quite befitting for living. They provide excellent conditions for relaxation but are not the best-suited to become homes. Most often, such housing has a “noisy,” clumsy design; it does not offer a fully equipped kitchen or sufficient space for storing things and equipment, which ordinary tourists usually do not bring or use.

However, the studios, apartments, and penthouses at Green Valley Homes do not fit this stereotype. They are equally well-fitted for life and for a comfortable summer vacation. Thus, Green Valley Homes’s real estate should interest ordinary buyers and investors.

Types of property in the residential complex

Block C:

2+1 corner apartment with garden;
3+1, penthouse, duplex.

Block D:

2+1 apartment with garden;
2+1 corner apartment with garden;
3+1, penthouse, duplex.

Block E:

1+1 apartment with garden;
1+1 corner apartment with garden;
1+1, penthouse, duplex;
2+1, penthouse, duplex.

Block F:

studio with garden;
1+1 apartment with garden;
1+1, penthouse, duplex.

In addition, Green Valley Homes Residential Complex offers a separate block of commercial offices and fifteen self-standing bungalows.

Studios, apartments, penthouses, and bungalows

The residential complex is focused on the buyers’ unconditional comfort. You can choose the type of property and its total area according to your preferences. It should be noted that a well-thought-out financing plan, which does not involve immediate payment of the entire amount or a mortgage at high interest rates, reduces the threshold of requirements for investors. This opportunity distinguishes the Green Valley Homes residential complex from similar offers on the market.

The properties we offer (the residential block is mentioned in parentheses):

	Total covered area, m²	Terrace, m²	Total living area, m²	Balcony, m²
Studio with garden (F)	43	6	49	—
1+1 apartment with garden (F)	67	12	9	—
One-bedroom loft penthouse (F)	60	36 (on the roof)	96	6
1+1 apartment with garden (E)	50	10	60	—
Two-level one-bedroom penthouse (E)	75	36 (on the roof)	119	8
2+1 apartment with garden (C)	82	18	100	—
Two-level three-bedroom penthouse (C)	105	65 (on the roof)	185	15
Bungalow (three bedrooms)	125	50 (garden), 120 (on the roof)	295	—

Below is a brief description of the design and layout of the facilities in the Green Valley Homes Residential Complex.

Studio with garden:

large panoramic windows;
a lot of free space;
primary colors – gray, light brown;
backlight;
magnificent view from the window.

1+1 Apartment with garden:

the use of spotlights;
design allowing maximum light and air;
design elements that fit well into the overall style;
a lot of free space.

One-bedroom Penthouse (loft):

two-level layout;
clever use of free space;
good combination of stylish design and amenities for living;
conscious rejection of massive light sources;
no visible boundaries between zones.

1+1 Apartment with garden:

large panoramic windows;
great view;
comfortable, relaxing design solutions;
complete set of furniture;
good living conditions successfully created in a limited space.

2-Level one-bedroom penthouse:

original designer lights;
large windows from floor to ceiling;
predominantly light-shade color palette;
practical zoning.

2+1 Apartment with garden:

minimalistic design;
base colors include all shades of gray;
large panoramic windows with fabulous views of the Mediterranean Sea;
plants in pots and tubs decorating the premises.

Two-level three-bedroom penthouse:

hi-tech design elements;
windows from floor to ceiling;
designer lights;
marble interior elements;
cozy upholstered furniture.

Three-bedroom bungalow:

original facade design;
a set of garden furniture;
equipped roof terrace;
large panoramic windows.

Prices and financial arrangements

Investments in residential properties in Northern Cyprus are relatively flexible in terms of financial requirements. The Green Valley Homes residential complex differs from the mass of other offers on the market in that buyers can choose a suitable property based on their capabilities. The price range is quite extensive – from 115.9 thousand GBP to 515.95 thousand GBP. When designing the Green Valley Homes residential complex, the developer focused on a broad audience of buyers and investors, abandoning the idea of launching an exclusive residential complex for the elite.

Base prices at the time of publication – they will increase after the residential complex is put into operation (in GBP):

studio with garden — от 115,950;
1+1 apartment — 169,950;
1+1 2-level penthouse — 169,950;
2+1 apartment with garden— 250,950;
2+1 2-level penthouse — 260,950;
3+1 2-level penthouse — 325,950;
3+1 bungalow — 515,950.

Recommended payment scheme (in percentage of the total value of the property in the Green Valley Homes Residential Complex):

35% – when signing the contract;
10% + 5% – no later than the end of September 2024;
10% – after completing the foundation of the residential complex;
15% – upon completion of masonry;
15% – after finishing flooring and plastering;
5% – immediately after commissioning;
5% – when handing over the keys.

How good is this investment? ROI calculation

If you are buying real estate in Northern Cyprus for living, then you can skip this section. But there is another option for using studios, apartments, penthouses, and bungalows – renting them out. This format is beneficial because you will be able to protect your assets with minimal risk while remaining the property owner.

Even in the most unfavorable scenario (see details below), the investment payback period will not exceed 15.9 years. Net annual rental income is 6.3%. It is significantly higher than the average bank deposit rate in the European Union. At the same time, you will get the opportunity to avoid the risks associated with the financial system instability, which makes investments in real estate in Northern Cyprus safer than bank deposits and other asset protection options.

Calculation of ROI (return on investment)
* The table contains an example property price

Scenario	Rental Period, days	Daily Rate, EUR	Gross Rental Income, EUR	Net Profit (70%), EUR	Property Price, EUR	Net Annual Rental Income, %	Estimated Payback Period, years
Negative	180	68	12,240.00	8,568.00	135,950.00	6.3	15.9
Realistic	230	71	16,330.00	11,431.00	135,950.00	8.4	11.9
Favorable	280	76	21,280.00	14,896	135,950.00	11	9.1

The investment scenarios included above involve renting out the housing in the Green Valley Homes Residential Complex. The table shows the results of our experts’ calculations. They differ according to the rental period:

Only the high holiday season (negative). The daily rent is the highest, but the rental period is limited to six months.
Holiday season + 3-4 weeks before and after it (realistic). Some foreigners (actually, quite a few of them) come to Northern Cyprus not only to swim and sunbathe. The island is one of the centers of ancient culture; many historical monuments are here. Also, Northern Cyprus offers excellent conditions for active water recreation (diving, yachting, etc.). Therefore, real estate in Northern Cyprus will be in demand not only during the high holiday season.
Holiday season + mid-season (favorable). Northern Cyprus does not follow the fate of the resorts, which are primarily empty beyond the high season. The fact is that business is actively developing on the island, and new companies and startups are appearing. Therefore, Northern Cyprus is chosen for permanent residence by expats, digital nomads, and people of creative professions, tired of the harsh rhythm of life in big cities. It is a demanding category of tenants willing to pay more for comfort.

Investment in real estate in Northern Cyprus is a profitable and promising project with a reasonable entry threshold. If you are considering purchasing studios, apartments, penthouses, or bungalows in the Green Valley Homes residential complex, we recommend booking a personal consultation with our experts.