When the Chairman of Vision Group began construction in 2000, average capital values for homes across the North of Cyprus were as low as £400 per sqm.
Due to a significantly growing visitor and overseas buyer rate, values have grown at a substantial rate and still have along way to go to catch up with established countries of the world.
Today the average is around £1,200 per sqm and in certain locations have reached £3,000 per sqm.
It should be noted that North Cyprus does not display the same property value characteristics as established countries.
In established countries generally central cities achieve the highest rentals and prices. In North Cyprus we witness that certain regions achieve higher values.
For example, 20 minutes East of Kyrenia city centre is an area of natural beauty that is very popular with European buyers. This particular area has shown significantly higher values than the city centres.
Seaside projects out of town have also seen significantly higher prices than town or city centre.
Proximity to the Korineum Golf Course has also had a significant effect on surrounding values.
