Property Investment Guide

There are fabulous opportunities for property investors in North Cyprus, with the best-performing investments achieving over 10% rental return per year. We at Senilk Real Estate (SRE) can guide you as to the best investment properties to suit your lifestyle and your needs. The rental prospect in this user guide is correct as of May 2022. Please contact our office in Lefkosa, Northern Cyprus at any time for newly updated information and our latest selection of investment opportunities.

Please note the following

All of the projected rental income amounts below are the MAXIMUM that can be achieved for each type of property/area.
Earning the maximum will depend upon having a high standard of furnishing and equipment on the property.
Properties in a frontline position or with unbroken views will achieve the maximum more easily than others.

What % annual rental income can I achieve from buying a Senilk Real Estate (SRE) property?
Many prospective investors looking for properties in hotspots like Kyrenia (Girne) and Famagusta areas could contact us directly to learn what rental income they are likely to receive per month or % per year. Investors are usually looking to purchase villas, one-bedroom, or two-bedroom apartments. Property owners also want to know what holiday let income they can receive per month or % per year from renting out a 3 or 4-bedroom villa in the peak summer months.

Should I purchase an investment property to rent out full time, OR for holiday lets?
There are two main types of rental income investors can receive when buying a property with Senilk Real Estate (SRE):

All-year lets (from an all-year tenant or student let) and holiday let/vacation rental.
Holiday and Vacation/holiday lets tend to be calculated to apply to an average of 12-18 weeks between May to October – with some properties achieving more than 18 weeks (including periods in the winter).
If you buy wisely, you may be able to get a maximum return by getting a “combination” property.
We would recommend a telephone consultation with one of our experts, to guide you through which is right for you personally.

Are there investment properties that can gain both holiday letting income and winter letting income?

Yes, there are just a few properties where it’s possible to gain excellent 18-week holiday let income and then, when the apartments are empty in the winter, are still near enough to a University to gain short-term winter lets to local students or those employed locally. One example of this is a newly built project in the Iskele area with shuttle buses to Famagusta and the school (Eastern Mediterranean University). This gives you the best of all worlds and can yield over 10% per year profit. To get a combination of holiday let and winter let you need the property that either have the following features: