Karsiyaka, Girne, Northern Cyprus

The upcoming villa project, slated to begin in September 2024 and complete by September 2026, promises an exceptional residential experience near the sea, just 400 meters away. The development includes 12 exclusive villas, categorized into three distinct types: A, B, and C. Each villa boasts a private pool and ample living space, designed to offer both luxury and comfort. With eight A Type villas, two B Type villas, and two C Type villas, the project caters to diverse preferences and requirements, making it an attractive option for potential homeowners and investors alike.

A Type villas feature a 3+1 private duplex layout, encompassing a closed area of 185 square meters plus a 35 square meter private pool, situated on plots ranging from 310 to 350 square meters. B Type villas, designed as 4+1 private duplexes, offer a larger closed area of 245 square meters with a 38 square meter private pool, and are set on plots between 360 and 380 square meters. The C Type villas, also 4+1 private duplexes, provide the most spacious living area of 295 square meters, with an identical 38 square meter private pool, on plots ranging from 470 to 485 square meters. This variety ensures that the project accommodates different family sizes and lifestyle preferences.

The project comes equipped with a host of modern facilities and features to enhance the living experience. Each villa includes a garden BBQ and mini kitchen, perfect for outdoor entertaining and family gatherings. The tropical and botanical landscape design adds to the aesthetic appeal and creates a serene environment for residents. Additionally, the villas are fitted with central VRF & VRV systems, ensuring efficient climate control and comfort throughout the year. These thoughtful amenities contribute to the overall value and attractiveness of the development.

Financially, the project is positioned as a promising investment opportunity. The expected price appreciation of 30-40% by project completion underscores its potential for significant returns. Moreover, the villas are designed to generate high rental incomes, with A Type villas estimated to yield GBP 2,500 to GBP 3,500 per month, and B/C Type villas GBP 3,500 to GBP 4,000 per month. These rental figures translate to annual incomes of GBP 30,000 to GBP 42,000 for A Type and GBP 42,000 to GBP 48,000 for B/C Type villas, making them highly attractive for investors seeking steady cash flow.

Investors should also be aware of additional costs associated with the project, including a transformer fee of GBP 4,000 for A Type villas and GBP 4,500 for B and C Type villas. Furthermore, a 5% VAT and a contract registration fee will apply. Despite these additional expenses, the overall investment proposition remains strong, given the expected price increase, high rental yields, and comprehensive property management services available. The flexibility to resell the property at any time adds an extra layer of financial security, making this villa project a compelling choice for discerning investors and homeowners.

What sets Luxury in the Sun apart from the 'Rest'

At Luxury in the Sun together with our collaboration colleagues can assist all your needs in North Cyprus from organising a free three/four night inspection trip to guiding you prior to your visit in reaching a short list of suitable, well built and great quality properties based on your criteria. We prepare a relaxed and informative inspection trip with a full tour of potential properties from traditional to modern, sea or mountainside, villas or apartments in locations that are suitable for your needs.

We take time to answer all your concerns and questions and provide detailed knowledge on all matters from legal costs, Taxes to valuation. A free 1hr legal consultation is part of the Inspection Trip to set up Power of Attorney and understand all aspects of conveyancing and associated costs.

Our service also includes local knowledge for services and aftercare of your property including Key holding, Management and Maintenance. First appointment for local bank account set up, Initial meeting to start your Residency process as well as contacts on schools and locations of the best bars and restaurants.

We have a fantastic selection of available property and our website is updated on a daily basis.

We invite you to explore North Cyprus in a professional and enjoyable manner with us.. We always seek quality and pride in what we do and we adopt the same philosophy with our consultancy and real estate agency business in the North Cyprus.

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