north cyprus investment presentation - uk

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.


Famous Besparmak (Five Finger) Mountain


Karpas Peninsula


Bellapais Abbey


• Four main cities in

Northern Cyprus are:

Nicosia (Lefkosa)

the Capital City,

Kyrenia (Girne)

Famagusta

(Gazimaguza)

Guzelyurt


Kyrenia/ Girne Town


• 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


• For those with

more 21st century

tastes there are

top of the range

leisure facilities,

18 hole golf clubs

and hotels.


• 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.


• 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.


• 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.


• 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


• 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


• 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


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


• 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.


• 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


• Laminate Flooring – alternative to granite porcelain



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 Villas

Crystal Bay Marina Delux

A few images with marina site & Joya

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

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

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

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


• 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


• 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!


• 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 !


• 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

http://www.mezort.com/

http://www.aphroditebeachfront.com/

http://www.mezort.com/

http://www.aphroditebeachfront.com/

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

http://www.evergreendevelopments.com/

north cyprus investment presentation - uk

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