EVERGREEN IN NORTH CYPRUS – Blog

In 2006 I came to North Cyprus for the first time. The reason for the trip was to view and possibly purchase an apartment at a development that had caught our attention.

Before flying out I had spoken about it to some Cypriots who ran a Barbers shop in South London. When I mentioned that the development was near the town of Guzelyurt, their reply was, “Why do you want to buy there, there are no other developments, it’s just an empty beach near a sleepy town”. This was music to my ears and I had to go and see, because for someone looking for a development that has potential, it ticked all the boxes.

Secure Pre 74 title that will rise in value whatever the final political outcome, a new location but with infrastructure already being improved, undervalued market, empty beaches. Add to that the fact that I knew there was some serious Israeli funding. I flew out the next week and booked into a hotel in the beautiful town of Kyrenia. The next day I was taken out to the location of the development. The drive took us along roads lined on either side by orange and lemon groves, the trees were in blossom and the scent was intoxicating. We drove through the town of Guzelyurt where the locals went about their business in the late morning sun as described by my Cypriot friends.

After another 5 minutes we came to the village of Gaziveren and headed down a bumpy track to the coast and the Morfu bay. We arrived in an empty field close to the sea and my guide informed me that we were standing on the site. I still remember the feeling of excitement at looking at this beautiful landscape and seeing the sea a deep turquoise in the noonday sun. To the left I noticed a farm shed of some kind and made a mental note to use that as a reference point for future visits just in case my guide had brought me to the wrong field. I returned to the lawyer’s office and arranged a deposit, feeling confident that here was not only a good deal, but also something special. If ever there was an opportunity to come in on something at ground level, this was it. It’s now 2010 and the first stage of the development, which included our apartment is finished. To stand on the balcony and look out to the Morfu bay glistening in the sun is a true pleasure.

To the South and only about 15 kilometres away are the Troodos Mountains, to the North, is the Kyrenia range. Stage two is well under way. The properties are now selling for more than the initial purchase price although well below what I feel they should reach. The TRNC government are actively promoting the Morfu bay as an area for the development of Tourism and are already improving the infrastructure. There are hotels planned, the golf course is to be extended and improved and an Eco village built. The motorway from Nicosia and Ercan airport is nearing completion and a new crossing is being opened that will make Pafos airport a 45 minute car journey away.

At Aphrodite Beachfront the semi Olympic pool finished, the restaurant is open and the gym and sauna are working. The beach at the front is having a breakwater built and soon work will begin on the water sports centre and the indoor pool. For now, I can still reassuringly see the farm shed which was my reference point although that will soon be gone. We make decisions in life, some good, some not so good. This one looks to be firmly on the good side, and I would say to anyone looking to purchase on this island to consider Aphrodite Beachfront. This area is still waiting to take off and now is a good time to look to make a deal.