Kyrenia
Investment Growth and Living Prospects in Kyrenia: A Comprehensive Guide
Investing in a foreign land can often be a daunting venture, especially when the location in question is as enchanting and vibrant as Kyrenia, Northern Cyprus. However, as a hopeful investor or potential resident, Kyrenia offers a promising array of opportunities that, once fully understood, can truly be a gateway to a promising and prosperous future.
Kyrenia, or Girne as it’s referred to in Turkish, is a picturesque resort town located in the Turkish Republic of Northern Cyprus (TRNC). It is a charming port city nestled between the mesmerizing sea coast and magnificent mountains, making it an ideal destination for both investment and relocation.
When you think of investing in Kyrenia, the first thing that comes to mind is real estate. This is indeed an area with promising prospects, thanks to the diversity of the city’s population and its major source of income, tourism. But to fully understand the possibilities, one must delve deeper into the city’s fabric, the living conditions, amenities, and the daily life rhythm that makes this location so appealing. This article aims to offer you a comprehensive insight into these aspects and help you make an informed decision.
Life in Kyrenia: Pros and Comforts
Life in Kyrenia has a charm that lures foreigners from all corners of the globe, particularly British, German, and Scandinavian pensioners, as well as young overseas families with children. This diversity has fostered a vibrant international community in the area, adding an intriguing cultural richness to the city.
The attraction to Kyrenia extends beyond its inviting Mediterranean climate with 300 sunny days a year. The region boasts stunning landscapes, a safe and secure environment, and affordable living costs, making it a preferred destination for expats.
Sea and Beaches in Kyrenia
While there are no traditional beaches within Kyrenia, there are certainly plenty of places to soak in the sun and enjoy the warm waters. Acapulco Beach Hotel, located 10 km east of the city, offers a sandy shore, perfect for sunbathing and swimming, albeit with an entry fee.
For those preferring a free beach, Alagadi Beach is a little further east. It is located in a protected area, home to the local turtle population. Another popular option is Escape Beach, located 9 km west of Kyrenia. It is a popular diving spot and has an entry fee. Lastly, Denizkizi Beach, a kilometer west of the city, offers a well-equipped and family-friendly environment.
Transport Infrastructure in Kyrenia
Getting to and around Kyrenia is straightforward. Ercan Airport, located 42 km away from Kyrenia, receives flights from various cities in Turkey, including Antalya and Istanbul. Once in the city, you can rely on minibusses (dolmus), taxis, or rented cars for transportation. However, the minibusses mainly traverse the main street, making taxis or rented cars the preferred means for comfortable travel within and around the city.
Cost of Living in Kyrenia
The cost of living in Kyrenia is relatively affordable compared to many European cities. Local markets, like the one open on Wednesdays in the city center, are a cheaper alternative for buying fruits and vegetables than supermarkets. Prices are often indicated in both Turkish lira and pounds due to the historical British influence. Additionally, US dollars and euros are accepted in stores, though change is typically given in lira.
Mobile service and internet connection are provided by main operators Turkcell and Telsim, and the provider Multimax for home internet.
For housing, if you’re considering a temporary stay before buying a property, rental costs vary depending on the location and type of property. For instance, a two-room apartment in the suburbs costs about $350-400 per month, while the same in the city can go up to $600. Villas start from $1,400 per month.
Education Establishments in Kyrenia
If you’re planning to move with children, the city offers both public and private educational institutions. Public Turkish schools accept foreigners with a residence permit, but it’s essential to note that the school certificate is recognized only in Turkey and Northern Cyprus.
For those seeking private education, The English School of Kyrenia, Necat British College, and Doga International School are renowned institutions, with tuition fees varying from $250 to $400 per month. Here, education is conducted in both Turkish and English.
Universities in Kyrenia
The most popular university in Kyrenia is Girne American University. Founded in 1985, it now hosts over 18,000 students across numerous faculties, including engineering, business and economics, law, medicine, and architecture.
Medical Care in Kyrenia
Northern Cyprus provides a high level of free medical care, similar to Turkey. Both public and private clinics are well equipped, with private clinics often specializing in certain treatments.
Tourist Attractions in Kyrenia
The city has a host of attractions to keep residents and tourists entertained. From the Bellapais Abbey in the village of the same name to the St. Hilarion Castle with a panoramic view of the entire city, Kyrenia is rich in historical and cultural landmarks. Not to mention the old port of Girne, a popular spot for locals and tourists to enjoy breathtaking sunsets.
Residential Areas in Kyrenia
Kyrenia comprises several districts, each with its unique advantages for living and investing in real estate. Karaoğlanoğlu is a modern area popular among students, Karşıyaka is preferred by European pensioners, Edremit is a central area near the old city with high real estate demand, Alsancak is a quiet cottage village, and Lapta is a suburb popular among foreigners with children.
In conclusion, Kyrenia is an excellent blend of tranquility and vibrancy, with a promising future for investors and residents. Whether you’re considering purchasing real estate, relocating, or just looking for a promising area to invest, Kyrenia offers a hopeful and prosperous future. It’s an opportunity worth exploring.
