Where and why Americans are leaving and investing - ForumDaily
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Where and why Americans are leaving and investing

Who would have thought a year ago that Americans would invest in housing in North Cyprus. But now this trend is actively gaining momentum.

Photo: True Life Development

Investing in real estate has been and remains the most reliable way to preserve capital. And since in the United States there is now an unfavorable situation due to the pandemic, unrest and slowdown in economic growth, more and more Americans are thinking about buying profitable real estate abroad. According to the TLC channel, over the past six months, Americans have taken the lead in buying real estate abroad.

One of the most popular destinations today is Northern Cyprus, where the cost of housing is much lower than in the US and EU countries.

We spoke with Elzhas Munataev and Ekaterina Toropova-Munataeva, the founders of the company True life developmentto find out why the Cypriot market is growing with the COVID-19 pandemic and the global crisis.

”Профессионалы давно поняли, что деньги нужно держать «в разных корзинах» и в разных валютах. В этом случае, если с вашим местным рынком что-то случится, у вас всегда есть запасной вариант, откуда получать постоянный доход, чтобы переждать неспокойные времена. Сейчас это поняли и активно применяют многие американцы”, — пояснил Елжас.

Ekaterina clarified what makes the Cypriot market attractive to investors: “We have been living and working in Northern Cyprus for the third year already, this market is reliable, affordable and profitable. The price of the property as well as the rental income are recorded in British pounds sterling. It is a stable currency and the least subject to sharp fluctuations. ”

Representatives True life development stressed that Cyprus property is growing in value every year. For example, here are the indicators of one of the largest developers with the highest profitability.

Infographics: True Life Development

In this table, you can see the price increase since 2014. In 2014-2017, real estate prices grew by 9-15% per year, in 2018-2019 there was an increase of 8-10% per year. Over the past six months, developers, even despite the quarantine in North Cyprus, have organically raised prices by 3-7%. And if back in April 2020 it was possible to buy real estate on the island for at least $ 50 thousand, now prices start at $ 60 thousand.

What is the investment income

Investment income is 7-12% per year of the value of the property. In this case, the owner himself does not need to do anything. You can buy an apartment in North Cyprus and transfer it to the management of a company that will send you income from the rental of your property.

Each owner can choose one of two options for obtaining profitability:

  1. Guaranteed income - 7% of the value of the property, as well as the right to live in your own apartment for 2 weeks a year.
  2. Non-guaranteed income, which in fact can be up to 10-13,7% of the value of the property.

In both cases, an agreement is concluded with the management company, which starts using your apartment as an apart-hotel and frees you from all the hassle of finding tenants, settling them and collecting payment.

Company gives a 7% guaranteed income per year, because he knows that the return on real estate in fact reaches 14%.

“Управляющая компания самостоятельно проводит поиск клиентов через известные сайты Booking.com, Airbnb.ru и т.п., занимается клинингом, заселением/выселением, тренсфером из и в аэропорт и прочими необходимыми услугами. Владелец недвижимости платит 10% от дохода за услуги, а также 10% — налог за получение дохода. Вышеуказанная доходность от 7 до 14% в год приведена после вычета всех расходов”, — пояснила детали Екатерина.

Photo: True Life Development

The company's confidence in 10-14% per annum in dollars is explained by the situation in the Cypriot market.

“Поток туристов на Северный Кипр растёт ежегодно, и так как эта страна начала активно развиваться всего лишь 15 лет назад, здесь пока отмечается нехватка первичного жилья. На Северном Кипре еще много неосвоенной земли, при этом все больше туристов открывают этот райский уголок и едут сюда за мягким климатом, чистейшим морем, экологически чистыми продуктами, солнцем, безопасностью и недорогим удовольствием. Поэтому застройщики возводят здесь новые дома, чтобы удовлетворить растущий спрос”, — отметил Елжас.

In 2019, North Cyprus was visited by 1 tourists more than in 095. The total number of all those who visited the country at the end of 016 amounted to 2018 people. The growth is happening every year due to the fact that Northern Cyprus is gaining popularity among tourists as an island with an ideal value for money.

The main tourists, not counting the Cypriots from the southern part of the island, are the British (21%), Americans (1,2%), Germans and Israelis. People who come to the country as tourists, in about the same percentage, become investors in real estate in Northern Cyprus.

The procedure for buying a property is very simple

“The buyer is only required to have a valid international passport. our company True life development помогает с оформлением и регистрацией недвижимости в земельном кадастре под ключ. Также по желанию клиента предоставляется англоговорящий адвокат”, — рассказал Елжас.

In order to buy property in Cyprus, it is not necessary to have the amount to cover the entire cost. It is enough to pay 30% of the initial payment, and the developer provides the remaining 70% in installments up to 5 years, without interest. And this is with one foreign passport, without providing other additional documents and proof of income. This is how absolutely all developers in Northern Cyprus work, the country's legislation allows this to be done, which cannot be said about other states. And while you can use it.

“За эти полгода мы отмечаем повышенный спрос на онлайн-покупки от американских инвесторов, которые из-за карантина не могут прилететь на Северный Кипр для заключения сделки, поскольку возможности застройщиков и британское законодательство позволяют спокойно проводить сделки без персонального присутствия покупателя. Клиенту так даже выгоднее — сэкономленные на перелетах деньги можно добавить к первоначальному взносу. Так, с апреля по октябрь 2020 года порядка 500 американцев приобрели недвижимость онлайн”, — отметил Елжас.

Photo: True Life Development

Prices don't bite

The prices on the Cypriot market are pleasantly pleasing to Americans when they undertake to compare them with the cost of housing in the United States.

“Цены на строящуюся недвижимость в этом году в хороших проектах начинаются от 45 000 фунтов стерлингов, это примерно $60 000. Рынок стабилен, поскольку на Северном Кипре американцы не единственные инвесторы. Сейчас недвижимость на острове приобретают британцы, израильтяне, норвежцы, бельгийцы, жители стран Прибалтики и СНГ – так как многие из них могут прилетать без карантина. Поэтому ждать, что на Кипре случится обвал цен, не стоит, действующие ценовые предложения и так очень выгодны”, — отметил Елжас.

At the same time, according to Ekaterina, developers value clients and are ready to make reasonable concessions: “Developers, against the backdrop of a pandemic, are happy to meet real buyers, make special gifts and offers. Therefore, for those who are seriously thinking about investing, I recommend not to postpone. Right now, oddly enough, during the coronavirus, you can get very good conditions for buying real estate in North Cyprus. "

You can leave a request for a consultation with True Life Development specialists here to register:.

Material prepared in partnership with

www: https://tldcyprus.com/
phone:+90 548 889 2784
WhatsApp: +7 701 701 4041
Email: [email protected]
Address: Northern Cyprus, Long beach, Yeni Iskele,
Mackenzie Ave. Ezgi S

 

 

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investments real estate Educational program True life development
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