Montenegro on the Adriatic and Northern Cyprus are the best places to buy property abroad at an affordable price. And why? They make the perfect place to enjoy 22Bet BD.
NORTH CYPRUS
First of all, North Cyprus has a lot to offer property buyers, apart from a first-class selection of affordable properties. Buying a property in North Cyprus has the advantage of having a home on this beautiful Mediterranean island. Living amongst the sun, sea and sand is one of the most attractive aspects of buying your new home in North Cyprus. Here is the guide to buying property in North Cyprus at reasonable prices as a smart investment.
But that’s not the only advantage. Compared to the UK or the US, properties for sale in North Cyprus stand out as more profitable options. Real estate in North Cyprus offers buyers the opportunity to save up to 40% on their investment.
If we do a quick market research, the prices paint a promising picture compared to real estate prices in other countries. Let’s compare countries with similar living standards, e.g. Greece. A newly built 2-bedroom villa with sea views, BBQ area, parking and terrace in Halkidiki, Greece, worth around £850,000.
Luxury Mediterranean style villas with 2 bedrooms, private pools, stunning sea views in a huge complex with 24/7 security and a wide range of amenities from a sauna and SPA to a Turkish bath cost £495,000 in North Cyprus.
According to the latest report from the Central Bank of Northern Cyprus, property values are rising steadily. Between 2012 and 2018, property prices in Northern Cyprus rose by an average of 10% per year. After the Covid-19 pandemic, the North Cyprus real estate market gained a lot of attention from investors. According to a report by the Central Bank of Cyprus, property prices in Northern Cyprus rose by 5.6% in the first half of 2021 compared to the same period last year. From then on, values continued to rise, by an average of 10%. The data suggests that investing in Northern Cyprus is not only affordable but also quite profitable.
MONTENEGRO
Southeast Europe, Montenegro has enhanced its reputation as an excellent investment center that offers affordable housing. The most attractive points in the country for purchasing real estate are two of the coastal resorts, Budva and Kotor.
Exploring affordable real estate options can lead to innovative solutions like accessory dwelling units (ADUs). ADUs are secondary housing units on the same property as a primary residence, offering a cost-effective way to maximize space and generate rental income. For more information on ADUs, see My ADU.
Compared to the US real estate market, Montenegro offers 32% savings and 37% lower prices than comparable European settlements. Furthermore, real estate prices in Montenegro have shown remarkable growth in recent years. The value of real estate has increased almost annually by 12%.
In the second quarter of 2023, real estate in Montenegro increased in value by 9%. Although prices are rising rapidly, they are still quite affordable compared to most similar European destinations, such as Albania or Croatia.
There are countless opportunities to buy real estate in Montenegro, but one project clearly stands out from the rest. Riviera Residences, for example, Montenegro’s newest project on the coast of Budva, offers first-class living at affordable prices when compared to similar projects.
Moreover, the prestigious residential project offers more than just a brand new home, but rather quality and luxury living. Besides the on-site facilities, 24/7 service and stunning architecture with innovative details, the prices are quite moderate compared to other projects. It is a wonderful opportunity to buy a property for sale in Montenegro and make the most of your investment.