Why Invest in Golf Property in North Cyprus?

Published on Friday, September 28th, 2007
Property Abroad » Property in North Cyprus

Summary: With prices starting below GBP 40,000, golf property in North Cyprus is an affordable investment opportunity with room for growth

Why Invest in Golf Property in North Cyprus?With the timely opening of the international standard Korineum Golf and Country Club in Esentepe in Northern Cyprus earlier this year, the buzz in the property market in TRNC has been wholly related to golf property.

Already certain developments such as Turtle Bay Village have been marketed off the back of the golf course, and anyone who was sensible enough to bank land or real estate in the vicinity of the course has seen an attractive appreciation in the value of their property assets throughout 2007 – so why invest in golf property in North Cyprus?  Because it is in limited supply, because it is massively in demand and because the low starting prices of just GBP 39,950 will NOT last…

Unlike many ventures in North Cyprus, the Korenium Golf and Country Club came in on time and has delivered far and away more than was ever expected of it.  To say it is of ‘international standard’ actually falls way beneath a suitable description for the stunning nature of the development, the excellent quality of the course and the inimitably luxurious quality of all the related amenities and facilities at the Country Club.

The course is now on the map for global golf tourism as well because it is in such a fascinating setting and provides golfers with some excellent challenges. 

‘All very interesting’ I hear you mutter – ‘but why invest in golf property in Northern Cyprus – get to the point!’

Okay – well, I’m just setting the scene – the Korineum Golf and Country Club in North Cyprus is fabulous agreed?

Good…

Now add to this the fact that the chairman of the International Association of Golf Tour Operators recently advised that golf tourists spend over 50% more than other forms of tourist when they go on holiday, that there are well over 50 million active golfers in the world, that up to a third of these active golfers take an annual golf related holiday every single year, that the turnover from specifically golf focused tourism is in excess of 12 billion US dollars every single year and that golf tourism is growing up to four times faster than other forms of tourism and you could just begin to see why golf property in a location like North Cyprus where prices are so exceptionally attractive could just be your ticket to real estate riches.

Golf property in North Cyprus starts from GBP 39,950 ( if you want more details!) and you can buy villas, town houses, apartments and penthouses bordering the course – i.e., within walking distance of it! 

North Cyprus really is a unique market – where else in the world could a championship golf course have been constructed effectively in secret!  Where else in the world can you now benefit from this fact and the fact that the island lacks direct flights, has embargoes against it and has a government with better things to do than massively promote the delights of the island and the foreign direct investment appeal in Northern Cyprus?  Just think, when it comes to property in North Cyprus, prices are artificially low – but they are NOT going to stay that way.  You have an army of private developers and agents out there telling the world about the market and what’s more, sooner rather than later the world will wake up to the opportunity and then it will be gone – forever.

So remember, you heard it here first…golf property in North Cyprus could just be your ticket to real estate riches.

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