Due to the credit crunch house prices are falling across the western world. Remarkably Northern Cyprus property price purchases at the present are similar pro-rata to Marbella is the 1970’s

The EU operates with firm commitment towards Turkey entering into the EU. Based on the positive progression towards the recognition of Northern Cyprus, there are a wealth of funds pouring into this island largely generated from the EU and this is working in conjunction with Turkey 's gradual accession to the EU. In short this is a strong combination in creating prosperity and security for all investments.

The land project is as follows:-

LAND BASICS

The land in question is surrounded by forestry land, which will remain without any development permission; therefore the project land will not be affected by legal protection. The land project equates to 1,178 privately owned Donums, (please note 1 donum is a third of an acre) which will accommodate a golf course.

LOCATION ADVANTAGES

Golden Beach front, with clear and clean water, Balalan is sandwiched between the Bafra coastlines, an area which has been pinpointed as a prime tourist location, on the South facing side of the Karpaz Peninsula . The most forward thinking tourism plan in North Cyprus , the Bafra region is set already with its unique grand 5 star hotels and facilities. A further 20 minutes east is Golden Beach (listed in the top 10 of one of the most beautiful beaches in the world) and also five minutes drive away from David Lewis’s 200 million Karpaz Bay Resort project, comprising of two 5 star hotels and extravagant marina.

ACCESS POSITIVES

The new road currently running through Esentepe which links to Kaplica will shortly link to Balalan. The new road will achieve advanced growth for this investment, if this was in place now the land would not be available for purchase.

LAY-OUT FACILITY ATTRACTIONS

It is an exceptional investment as land on this scale does not appear on the market that often.  This project could house 1,600 units, golf course, commercial units, shopping mall, and its own harbour: occupy bars, tavernas, restaurants and boutiques to achieve its own High Street. Available for a mix of exclusive and executive properties, there is a space for a marina, a five star Hotel, commercial retails projects, petrol station, car hire, sport and health facilities to include tennis courts and spa.

FINANCIAL POSITIVES

The purchase equates to 10.5 million sterling and in three/five year’s time will realistically be commanding in excess of 60 million sterling. For example if a buyer was secured for one hotel, this would achieve a 7 million return. The land boasts character with a wealth of foliage and definition. The proposed golf course is an ideal shape as it is tiered and has height. The project will become its own city in its own right. Infrastructure and electricity is already in place.