Full Description

Location

The development is located on the coastal fringe between Bafra and Bogaz, outside Famagusta.  This region is acknowledged as one of the most beautiful areas in the Mediterranean, with its glorious beaches, sparkling ocean waters and rich architectural and archaeological heritage. The unique location has been strategically chosen to ensure that clients have the best of both worlds. Those who are looking to get away from the hustle and bustle of city life can relax in the tranquillity of the Mediterranean sea views, close to the beautiful fishing village and marina of Bogaz. For those who are looking for a more active location, Famagusta is only 20 minutes away, Ayia Napa 35 minutes, with the tourism hotspot of Bafra only a 10-minute walk away. 

Investment opportunity

With the surge of development underway in Northern Cyprus it is not surprising investment in the area is so popular. Prices in the north of the island are still approximately 50% less than comparable properties in the south, and with the economic forecast being that the prices in the north are due to double over the next 5 years, Northern Cyprus can be seen as an investors haven.

Along with the capital appreciation in property, many investors will also benefit from the increased tourism that will emerge over the coming years. The government is actively promoting and encouraging the development of tourism in Northern Cyprus, and has proven this commitment by offering grants and tax breaks for tourism based projects. A new state of the art hospital has been constructed in preparation for the tourism surge, along with commercial centres and Turkish bazaars.

All apartments come with a 2-year, 6% net yield rental guarantee, thereby providing an immediate return on your investment.

When buying in The Palms development you can rest assured that your investment is safe and secure and free from any dispute on title. Your property comes with pre-1974 Turkish title deeds, which are internationally recognised freehold title deeds. 

The Properties

At the Palms development, there is a range of properties to suit all client requirements and budgets. 

1 Bed Apartments start from £65,193

2 Bed Apartments start from £79,923

3 Bed Apartments start from £90,788

Penthouse Apartments start from £103,110

Villa prices start from £140,000

Each villa is set in nearly 1/3 acre and has the amenity of its own private pool. There is also an abundance of communal pools available, as each block of 22 apartments has its own private pool.

We understand that furnishing a property abroad can be a time consuming and frustrating affair, which is why every apartment and villa purchased within The Palms development includes a luxury five star furniture pack within the price (including white goods). All the furniture complies with current British fire safety standards, which are not only the most stringent in the world, but are also often insisted upon for holiday lets.

This luxury development has been designed with the client in mind; this is why the facilities provided are second to none. Please see a list of the facilities at the Palms:

• Swimming pools
• Tennis Courts
• 9 hole golf course
• Restaurants
• Pool bars
• Walking paths
• Water sports
• Fitness centre
• Scooter hire
• Car Hire
• Maid service
• Transfer service to and from airport
• Supermarket
• Electrical back up generator
• Development has its own well for water supply