north cyprus investment presentation - uk
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North Cyprus is a perfect vacation & investment destination in the Mediterranean.TRANSCRIPT
Presented by: Mrs. Angela Rees
North Cyprus Property & Investment
Presentation The Perfect Vacation, Retirement & Investment Destination
Presentation Outline
About Cyprus • Where is Cyprus?
• The Landscape of Cyprus
• History & Population of Cyprus
• Visiting North Cyprus
• Current Investments in North Cyprus Tourism
About Our Properties • Why Choose Evergreen Developments?
• What we Build
• Why North Cyprus is a Hot Property Location
• Showcase on Aphrodite Beachfront Village
• Inspection Trips & Special Offers!
• Cyprus is the 3rd largest
island in the Mediterranean –
traces of ancient civilisation
from 10,000 BC
• Famous as the birthplace of
the legendary “Aphrodite” –
Goddess of Love in Greek
Mythology.
• It is 240km long by 100km
wide (the size of Wales in
the UK)
• Temperatures range from a
winter daytime av. +17C to
summer av. of +33C on the
coast
Where is Cyprus?
The Landscape of North Cyprus
• Northern Cyprus is
breathtakingly beautiful
and has a huge number of
important ancient sites
including Roman remains &
castles
• Geography ranges from flat
coastal areas to high
coastal mountains rising to
1,000 m and the long “pan
handle” Karpaz - which is a
protected environmental
area.
The Landscape of North Cyprus
Famous Besparmak (Five Finger) Mountain
The Landscape of North Cyprus
Karpas Peninsula
The Landscape of North Cyprus
Bellapais Abbey
The Landscape of North Cyprus
• Four main cities in
Northern Cyprus are:
Nicosia (Lefkosa)
the Capital City,
Kyrenia (Girne)
Famagusta
(Gazimaguza)
Guzelyurt
The Landscape of North Cyprus
Kyrenia/ Girne Town
The Landscape of North Cyprus
• Many unique species of
wildlife – including:
• rare orchids
• butterflies
• birds
• deer and
• turtles
which attract visitors
from all over the world
Visiting North Cyprus
• There is a huge range of
activities for holiday-
makers in Northern Cyprus
– something for everyone!
• These include
• winter sports (Troodos
Mountains)
• water sports
• diving
• cycling
• turtle watching
• mountain walking
• exploring ancient sites
• shopping
• sailing
Visiting North Cyprus
• For those with
more 21st century
tastes there are
top of the range
leisure facilities,
18 hole golf clubs
and hotels.
Visiting North Cyprus
• You can fly EITHER to
Larnaca (South) OR
Ercan Lefkosa
(North) International
Airports.
• For non European
Citizens there are
some advance visa
requirements for
Larnaca – check with
your travel agent
• North Cyprus has one
of the most
welcoming visa
policies in the world
- no advance visa
required!
History & Population of Cyprus
• Since the Ottoman
Empire / 1500s, there
have been two main
populations in Cyprus –
Greek and Turkish
Cypriots.
• In addition, there has
been a large British
population as Cyprus
was a British colony
from 1878 until 1960
• The official languages of
Cyprus are now English,
Greek and Turkish.
History & Population of Cyprus
• Since 1974 following a
failed attempt to unify
the island with Greece,
Cyprus has been
divided into the Greek
Cypriot South and the
Turkish Cypriot North
• The British Military
retain 98 square miles of
Sovereign Base Territory
in two main bases in
South Cyprus.
History & Population of Cyprus
• The population of the
South is 800,000+ (inc
60,000+ British
Residents). The
population of the North
is 400,000 + including
150,000 foreign
nationals, inc over
10,000 British Residents.
• Most of this population
is in the cities.
• The line which divides
the two countries is
called The Green Line.
History & Population of Cyprus
• The North is an
independent democratic
country linked to Turkey
with its own parliament,
laws and institutions.
• The currency in the
South is the Euro. The
official currency in the
North is the Turkish Lira,
but the property market
is all in pounds sterling
(£).
• The sterling market, as
sterling is low at present,
is one of the many
reasons why investing in
North Cyprus property
now is good for investors
Benefits of North Cyprus
• Perfect Mediterranean
climate (max 35C)
• Easy & convenient access
• Low cost of living – whether
buying a vacation, a
property, or just a meal out
• Friendly, welcoming local
people, sympathetic to
European culture
• Ideal retirement spot with
all leisure and healthcare
facilities expected by ex-
pats
Current Investment in North Cyprus
Tourism
• Income from North Cyprus
tourism is increasing
each year whilst tourism
in neighboring countries is
declining
• Many Europeans come in
search of non-Eurozone
countries for holidays
• Current popularity of
Turkey as a 2nd most
popular tourist
destination for UK
travellers spills over to
Northern Cyprus
• Turkey has declared 2011
to be “TRNC Year” in
Turkey!
• Over the last 6 years the
EU has invested 259
million Euro into the
North Cyprus Economy
• Brand new main roads
and other infrastructure
are developing fast.
• The North Cyprus
Economy is linked to that
of Turkey, which was
unaffected by the global
downturn
Current Investment in North Cyprus
Tourism
Why North Cyprus?
North Cyprus has the lowest
property prices in the
Mediterranean.
Historically this has been
brought about by:
• Low cost of land
• Lack of availability of
mortgages – cash buyers only
• History of Northern Cyprus –
ongoing talks about its future
leading to indecision for
investors
• Prices are 50% or less of
identical properties in the
more developed South of
Cyprus
Why North Cyprus?
Prices are rising. This
has been caused by
• Growing confidence in the
market caused by largescale
investment from Turkey and EU
• Previous negative publicity
about the North has been
countered by the European
Courts recognising the IPC in the
North – increasing investor
confidence
• North Cyprus is a recession
product – low prices are
affordable in recession, and the
Turkish economy was unaffected
by the recession
• Quality products are rising, but
not others – buyers are selective –
choose wisely!
Why North Cyprus?
What will drive the growth of
your investment in the future?
• It is a Sterling property
market – with sterling cheap for
overseas buyers the value of their
investment will rise as sterling
strengthens
• Mortgages are about to arrive
in Northern Cyprus
• Infrastructure, new roads and
increased investment is driving
progress
• The Joker in the pack – when
a final political decision is made
there is likely to be a rapid rise to
equalise with the South
Current Developments to Increase
Tourism & Investment
• The West Coast Bay Area has
been declared an area of
special Tourism Investment
by the government
• $220M US dollar Florida style
theme park just announced
for West Coast (next to
Evergreen’s own Aphrodite
Beachfront village)
• 400 bed Cyprus Green/Eco
Hotel also launched close by.
• Expansion of Golf Course on
West Coast and new Free
Port planned near Lefke.
WONDERLAND Entertainment & Leisure Park
Wonderland plans are all in place, the site signs are up, most of the
government permissions have been obtained and the construction is due to
start on TRNC Independence Day November 15th 2011.
WONDERLAND Entertainment & Leisure Park: Demand for investor rentals will soar and nightly rates significantly
increase!
WONDERLAND Entertainment & Leisure Park: Property prices at Aphrodite are likely to rise rapidly once
construction begins!
Buy NOW before construction begins – to avoid
the price increase!
Why Choose Evergreen Developments?
• Our Logo was chosen to
represent the stability and
high growth our
organisation represents
• We are the most
established & experienced
international development
company in the country – 7
years experience
• We have completed 9
projects and have 7 in
progress
• We are financially stable
with no outstanding
mortgages or loans on any
of our land
Why Choose Evergreen Developments?
• We only build in sites which
are known to be key
investment areas
• We choose sites with
fabulous views & position
whether beachfront or
mountain
• We offer an unparalleled
range of facilities
• We offer onsite
management teams on
almost all our sites
• We are the only North
Cyprus property company to
have 365 day per year fine
dining restaurants on some
of our sites
Why Choose Evergreen Developments?
• We have one of the
largest and most
comprehensive teams of
any North Cyprus property
company
• We offer a dedicated
After Sales Customer
Care service
• We have an international
team speaking a total of 8
languages
Why Choose Evergreen Developments?
Management
Property Development
Sales and Marketing
Online Marketing
English / ME
Russian
Scandinavian / EU
Turkish
Project Management
(Construction / Mechanics)
After Sales Customer Care
Maintenance and Lettings
Aphrodite Beachfront
Mezort
Crystal Bay Village
Crystal Bay Marina
Leisure
Joya Marina Bar and Bistro
Joya Aphrodite Bar and Bistro Water Sport
Center
Finance
Admin
Organisational Chart
Why Choose Evergreen Developments?
• Evergreen is a Pre-74 title
deed specialist
• Pre-74 Titles are considered
to be the “gold standard”
for North Cyprus properties
• We hold the biggest
portfolio of internationally
recognised, secure title,
freehold pre-74 villa and
apartment properties in the
country
• Pre-74 title deed refers to a
property built on land which
was always part of the North
of Cyprus prior to 1974.
Why Choose Evergreen Developments?
Why Choose Evergreen Developments?
• Evergreen builds to
the highest
international
standards
• We provide a 5 year
building warranty on
all our properties
• We use the highest
quality internal
fittings, floor & wall
tiles, kitchen units,
bathroom fittings
etc.
• High Standard Kitchen
– Choices of colors and models*
Evergreen Unique Delux Interior Range
Now a new standard for interiors on ALL our new properties. No other
N Cyprus property company offers this standard.
• Marble kitchen worktop
Evergreen Unique Delux Interior Range
• Laminate Flooring – alternative to granite porcelain
Evergreen Unique Delux Interior Range
Why Choose Evergreen Developments?
ONE LAST POINT...
• Don’t buy with
Evergreen if you want
the absolute CHEAPEST.
• We are not the
cheapest. But we are
the best!
• Evergreen properties
will hold their value and
are good for resale as
well as rental return
There are Developments.
And then there are Evergreen Developments!
Crystal Bay Park
• Completed
beachfront site with
two bedroom
apartments starting
from £55,000
• Facilities include
beach, use of three
pools, gym, tennis
court, onsite
management
• Close to Esentepe
town, Korineum Golf
course and with good
access to the Karpaz.
Crystal Bay Park
Crystal Bay Park
Crystal Bay Park
Crystal Bay Park & Crystal Bay Villas
Crystal Bay Marina Delux
A few images with marina site & Joya
Crystal Bay Marina Delux
Crystal Bay Marina Delux
Crystal Bay Marina Delux
Bellapais Spring Village
• Under Construction link
detached villa project in
the most sought after
residential area of Northern
Cyprus from £96,950
• Near to Kyrenia Town
facilities, plus English
School, Harbour, Golf Club,
Mountain walks, Cultural
Activities
• Excellent letting potential
to local families.
Bellapais Spring Village
Bellapais Spring Village
Bellapais Spring Village
Bellapais Spring Village
Bellapais Spring Village
Bellapais Spring Village
Mountain Village – The Beverley Hills of
North Cyprus
• Completed and Under
Construction detached
villas in own grounds from
£145,000 with own pool
• Fabulous views across the
whole of Cyprus, close to
Kyrenia and the capital
Nicosia
Mountain Village
Mountain Village
Mountain Village
Horseshoe Bay
• A limited number of
extremely high end
custom made villas
with private bay,
maid service and
infinity pool
overlooking the
Mediterranean.
• Our most luxurious
properties. From
£439,000.
Horseshoe Bay
Horseshoe Bay
Horseshoe Bay
Horseshoe Bay
Horseshoe Bay
Aphrodite Beachfront Village
• Completed and Under
Construction, Beachfront
position
• Range is from studio
(£31,950+) to three
bedroom/front line
(£125,000+)
• Facilities include – indoor
pool, outdoor pool, onsite
fine dining restaurant,
water sports club, jacuzzi,
spa, gym, onsite
management and lettings
office
• Perfect for both
retirement, vacations,
investors (guaranteed min
5% rental return)
• Near to local town, banks,
shops and hospital
Aphrodite Beachfront Village – Our Flagship Pre-74 Beachfront investor site
Our Flagship Pre-74 Beachfront investor site
THE HISTORY –
• Evergreen Developments
purchased the land for ABV in
2004
• The site was chosen due to
its beachfront position and pre-
74 title deed.
• It was initially somewhat
speculative, since there was no
other development on the West
coast in this region.
• Starting prices in 2007 were
£46,950 for two bedrooms
bought OFF PLAN
Our Flagship Pre-74 Beachfront investor site
• The choice of area has been
extremely positive – in 2010 the
TRNC government has declared
it an area of “special tourism
investment”
• Several new developments
are being launched on
neighboring coastline including
Wonderland Theme Park,
Green Hotel etc. already
referred to earlier
• There is a new border
crossing point to Pafos now
opened nearby
• Lefke University nearby
provides a constant supply of all
year rentals!
Aphrodite Beachfront Village
Aphrodite Beachfront Village
Aphrodite Beachfront Village
Aphrodite Beachfront Village
Aphrodite Beachfront Village
Aphrodite Beachfront Village
Aphrodite Beachfront Village
Aphrodite Beachfront Village
Aphrodite Beachfront Village
Our Flagship Pre-74 Beachfront investor site
• There has been a 75% increase in prices in 3 years from off-plan to
completed.
• Investors can now see Phase One up and running – plus there are a
fabulous array of facilities!
Our Flagship Pre-74 Beachfront investor site
• Aphrodite Phase Two is now
under construction
• Some sections will be ready
for use within 6 months
• Studio prices start at only
£31,950, one bedroom from £
£46,000
• Take advantage of the low
value of sterling and get
entry level prices!
• Price level depends upon
proximity to the sea
A BLOCK
8 197500 8 7th Floor
7 133900 133900 7 6th Floor
6 50950 54250 56250 46700 41900 49900 6 5th Floor
5 39900 5 4 3 2 1 5 4th Floor 30%
4 38450 5 4 3 36900 36900 4 3rd Floor
3 36900 5 4 3 35690 35690 3 2nd Floor
2 35690 5 4 3 2 35690 2 1st Floor
G 35690 36900 4 35690 2 1 G Ground Floor
B BLOCK
7th Floor 8 8
6th Floor 7 7
5th Floor 6 6
4th Floor 5 5 Studyo İç Dizayn
3rd Floor 4 4
2nd Floor 3 3
1st Floor 2 2
Ground Floor G G
C1 C2
30% 77150
58850
D1 D2
59850 59850
30% 69825 69825
E1 E2
59850
30% 77150
F1 F2
63000
30% 69850 73500
55750 55750
G1 G2
69300 66150
30% 80850 77175
48300
61950 58850
H1 H2
66150 66150
50% 77175 80850
92610
48300 50715
58850
I1 I2
69300
50% 99250 84500
110250
53100
101400
71250
J1 J2
85050
50% 102900
114660
114660
74340 74340
K1 K2
88200 100800
50% 102900 117600
123480
62790 70000
140120
L1 L2
120000 132000
70% 147000 161700
86940 96600
Investor’s Special Offer
INVESTOR’S SPECIAL OFFER
ONLY 5 UNITS REMAINING - RESERVE TODAY!!
Receive 5% MINIMUM RENTAL RETURN on purchase price AND all
additional costs! (usually on purchase price only)
APHRODITE BEACHFRONT OFFERS:
• Penthouse D1 - £59,850
• Penthouse D2 - £59,850
• Penthouse E2 - £64,950
• Garden Apartment F1 - £54,950
• Garden Apartment F2 - £55,750
Please note. D1+2 Penthouses and F1+2 Garden Apts can be joined together to make FOUR BEDROOM
APARTMENTS, ask for details
Investor’s Special Offer
AVERAGE BUYING COSTS 1. £1,300 – LEGAL FEES – NOW
2. £2,500 – furniture – NOW
3. £2,500 – WHITE GDS/ AC – NOW
4. £3,000 (AV) 5% VAT (payable in 1 –
2 years)
5. £300 Stamp Duty (0.5%) - NOW
TOTAL AV: £9,600
INVESTMENT SCENARIO • Purchase price £63,350 (E2
Penthouse)
• Buying costs £9,362
TOTAL OUTLAY: £ 72,712
You now have a furnished,
completed, fully running apartment
ready for rental.
ASK FOR FORM - RESERVE NOW –
& receive FREE flat screen TV!
We will GUARANTEE to give you back in the first
year of ownership - £3,755 !
Our Flagship Pre-74 Beachfront investor site
• 5% min guaranteed
rental pa
• Flexible payment plans
• In-house mortgages for
50% of value over up to 8
years
• Good supply of local all
year lets
• In-house Management and
Holiday Lettings Company,
Mezort
• We handle everything –
furnishings, lettings,
management
Unspoilt Northern Cyprus offers....
• a safer, more natural environment for you and your family –
• with low cost vacations out of the Eurozone
• ... plus 340 days of sun p.a. in a perfect Mediterranean climate.
• Offering a wide range of activities for all age groups – from mountain top castles to watersports or cosmopolitan nightlife,
• the island has easy access & airport connections,
• no advance visa requirements
• ... and some of the most welcoming people in the world!
If this is your first time planning a North Cyprus vacation, we can promise you it won’t be your last!
NORTH CYPRUS - The Green
Island
See the best side of
Cyprus with MEZORT
at Aphrodite
Beachfront Village!
www.mezort.com
www.aphroditebeachfront.com
NORTH CYPRUS - The Green
Island
Lefke European University – Rental Opportunities
• Investors who prefer an “all
year” tenant can take advantage
of the close proximity of Lefke
University. We currently have a
waiting list of academics wanting
to rent our owner’s apartments.
• This provides a guaranteed min
5% rental return.
• With more and more Omani
parents choosing to send their
children to University in the
TRNC, this would also be a wise
investment and possible future
accommodation for your family
when visiting your child.
Please note, we are always happy to personalise
your payment plan to your particular needs.
• Here at Evergreen, we
recognise the need for
flexibility in terms of
payment plans and
mortgage help for those
who wish to own a North
Cyprus home.
Payment Options
2 Payment Plan Options
1. INTEREST-FREE STAGE PAYMENTS over 12 – 24 months.
– This is for our off-plan or under-construction properties ONLY – 100% of the funds must be available within 24 months
2. EVERGREEN IN-HOUSE LOANS over between 3 – 8 years. – These non-status loans can
be used for ANY Evergreen property and are for those who can pay 50% cash within maximum 12 months and wish to spread the rest of the unit price over up to 8 years).
COME AND VISIT US!
Inspection Trip
Special Offer
Available!
Inquire for more
information!
UAE Press on North Cyprus Investment
New European Economy Magazine
on North Cyprus Investment
WE LOOK FORWARD TO WELCOMING YOU!
Northern Cyprus –The Perfect Vacation, Retirement and Property
Investment Location
All you have to lose is the chance to gain!
www.evergreendevelopments.com