The other day we studied the directions that analysts recommend for the purchase of foreign real estate.
Yes, American Forbes published an article “5 Cheap Places to Buy a Home in 2024” compared to the US market.
Northern Cyprus took an honorable first place with savings of up to 47%.
The rating itself looks like this:
▪️ Northern Cyprus (-47%)
▪️ Colombia (-34%)
▪️ Brazil (-38%)
▪️ Montenegro (-32%)
▪️ Greece (-23%)
And this is the rating of countries outside the European Union, from analysts in the Russian-speaking space ⬇️
Criteria: investment threshold, rental yield and obtaining a residence permit:
▪️ Georgia
▪️ Northern Cyprus
▪️ Thailand
▪️ Indonesia (Bali island)
▪️ UAE
▪️ Türkiye
European analysts are divided in opinion.
For professional investors they recommend: USA, Germany, Canada, Australia, Japan, Singapore, UK, Spain, UAE and Portugal. Main criterion: economic stability.
Among the countries with affordable prices are Northern Cyprus, Montenegro and Turkey.
From which we conclude that Turkey is not giving up its position in the international market, and Northern Cyprus is strengthening it💪
And some statistics TurkStat:
In January-February 2024, foreigners bought 3,907 apartments in Turkey.
Top 3 regions remain stable (unlike the Turkish economy):
✅ Antalya – 1,406
✅ Istanbul – 1,401
✅ Mersin – 362
Top 6 foreign buyers:
☑️ Russia – 950
☑️ Iran – 408
☑️ Ukraine – 232
☑️ Iraq – 211
☑️ Kazakhstan – 178
☑️ Germany – 164
You can always connect with us and get advice on purchasing real estate in Mersin or Northern Cyprus.
