by Merve Çalışkan
Kyrenia, with its stunning Mediterranean coastline, rich history, and vibrant culture, has become a sought-after destination for property buyers. Whether you’re looking for a permanent residence, a holiday home, or a lucrative investment opportunity, Kyrenia offers a range of options to suit all preferences and budgets. Here are some of the best areas to consider when buying property in Kyrenia.
1. Karaoğlanoğlu
Karaoğlanoğlu is a prestigious area known for its upscale properties including land plots and prime location. It offers a blend of luxury villas and modern apartments, making it an ideal choice for those seeking a high-end lifestyle. The area is well-connected with essential amenities such as schools, shops, and restaurants. Additionally, the proximity to the Mediterranean Sea means you’re just a short walk away from beautiful beaches and water sports.
2. Bellapais
Bellapais presents attractive investment opportunities for those seeking to own a piece of Cypriot history. Properties can range from renovated historical homes to modern villas designed to blend harmoniously with the village’s architectural style. Rental income potential is also significant, particularly for properties catering to tourists seeking a cultural and tranquil retreat.
Bellapais is most famous for the Bellapais Abbey (or Bellapais Monastery), a 13th-century monastery built by Augustinian monks. The monastery, with its Gothic architecture and serene courtyards, stands as a testament to the area’s rich history and cultural heritage. The village itself retains its traditional Cypriot character, characterized by narrow cobblestone streets, stone houses adorned with bougainvillea, and local artisans’ workshops.
3. Esentepe
Esentepe is an emerging hotspot for property investment, known for its tranquil surroundings and scenic beauty. This area offers a mix of traditional villages, beachfront developments, and stunning views of the Taurus Mountains. Esentepe is slightly further from the Kyrenia city center, offering a peaceful retreat away from the hustle and bustle. The area is popular among expatriates and retirees looking for a quiet and relaxed lifestyle.
Esentepe presents promising opportunities for property investment, driven by its tranquil setting, scenic beauty, and amenities such as the Korineum Golf & Beach Resort. Whether for personal residence, rental income, or long-term investment, Esentepe offers a peaceful retreat with the potential for growth in property values. With careful consideration of legal aspects and market dynamics, investors can capitalize on Esentepe’s emerging status as a sought-after destination in Northern Cyprus.
4. Karşıyaka
Karşıyaka situated in Kyrenia, the town village offers a unique blend of natural beauty, tranquil lifestyle, and historical charm. Nestled between the Mediterranean Sea and the Kyrenia Mountain range, Karşıyaka is becoming an attractive destination for property investment, particularly for those seeking a serene yet vibrant environment. The demand for real estate in Karşıyaka is increasing as more people discover its scenic beauty, mild climate, and affordable property prices compared to other Mediterranean regions. This trend is attracting both local and international buyers.
Investing in Karşıyaka’s real estate market presents significant opportunities. Property values in Northern Cyprus have been steadily rising, and the village’s growing popularity ensures good rental yields and potential for capital appreciation. The tourism industry also contributes to the demand for holiday rentals. Several development projects are underway in Karşıyaka and its surrounding areas, including new residential complexes, improved infrastructure, and enhanced public services. These developments are expected to boost the local economy and further increase property values.
5. Çatalköy
Çatalköy is a charming village that has rapidly become a hotspot for real estate investment. Its scenic beauty, proximity to Kyrenia, and blend of modern and traditional living make it an attractive choice for homebuyers and investors alike. Residents of Çatalköy enjoy a high quality of life, with access to excellent amenities and a tranquil lifestyle. The village boasts beautiful landscapes, including the stunning Mediterranean coastline and the Kyrenia Mountain range. It is a perfect location for those seeking a peaceful environment with the convenience of nearby urban facilities.
6. Alsancak
Alsancak combines the best of suburban area and the convenience of being close to Kyrenia’s city center. It offers a variety of property types, from spacious villas to cozy apartments. The area is family-friendly, with several schools, parks, and recreational facilities. Alsancak’s coastal location also ensures easy access to some of the region’s finest beaches.
Alsancak has well-developed infrastructure, with good road connections and public services. Ongoing development projects, including new residential and commercial complexes, are set to further enhance the area’s attractiveness and property values.
7. Lapta
This coastal area is known for its quiet, family–friendly atmosphere and beautiful beaches. Lapta is a traditional Cypriot village with a mix of old and new properties, catering to different tastes and budgets. It is particularly popular among foreign tourists who appreciate a more laid-back, rural lifestyle. Lapta’s beautiful coastal path is perfect for leisurely walks, and the local tavernas offer a taste of authentic Cypriot cuisine.
Lapta, historically known as Lapithos, is one of the oldest towns on the island, with a history dating back to ancient times. The town is dotted with archaeological sites, Byzantine churches, and traditional stone houses that reflect its rich cultural heritage. The scenic coastal views and the backdrop of the Kyrenia Mountain range add to Lapta’s allure, making it a captivating place to live.
8. Ozanköy
Ozanköy, also known as Kazaphani, is a quaint village located just a few minutes away from Kyrenia’s city center. Ozanköy is ideal for those looking to immerse themselves in local culture while still being close to the city’s amenities. Residents of Ozanköy enjoy a greeny environment, characterized by olive groves, citrus orchards, and views of mountains.
The village offers a close-knit community atmosphere with local cafes, restaurants serving authentic Cypriot cuisine, and small shops selling local crafts and produce. Outdoor enthusiasts can explore hiking trails and enjoy leisurely walks amidst the natural beauty of the surroundings.
Ozanköy’s real estate market primarily features traditional Cypriot villas and modern residences. Properties often offer panoramic views of the Mediterranean Sea and the lush greenery of the surrounding landscape. Prices can vary depending on the location, size, and amenities of the property.
9. Karakum
As of recent data, property prices in Karakum have shown a steady increase. For instance, apartments can range from approximately 70,000 to 200,000 GBP, depending on location, size, and amenities. Villas and houses tend to be higher in price, often exceeding 300,000 GBP, especially those with sea views or proximity to the beach.
The rental market in Karakum is robust, particularly during the tourist season. Rental yields can vary but are generally favorable due to the town’s proximity to Kyrenia and its appeal as a holiday destination. Annual yields of 5% to 7% are not uncommon for well-located properties.
Things to consider when choosing a location:
- Your budget: Prices can vary significantly depending on the location, size, and type of property.
- Your lifestyle: Are you looking for a quiet retreat or a lively urban atmosphere?
- Proximity to amenities: How important is it to be close to shops, restaurants, and beaches?
- Future development: Consider how the area might change in the future.
- Local community: Think about the kind of community you want to be a part of.
Conclusion
Kyrenia offers a diverse range of property options, each with its unique charm and advantages. Whether you’re drawn to the historical allure of Bellapais, the luxury of Karaoğlanoğlu, or the tranquil beauty of Esentepe, Kyrenia has something to offer everyone. With careful research and the right guidance from a trusted real estate consulting company like Senilk Real Estate, you can find the perfect property to make your dream of living in Northern Cyprus a reality. Send us an email at info@senilkrealestate.com to discuss property investment opportunities.
