north cyprus property & investment presentation

Evergreen Developments

Vacation & Investment Presentation

www.evergreencyprus.com

http://www.evergreencyprus.com/

Presentation Outline

About North Cyprus - TRNC • Visiting North Cyprus

• Current Investments in North Cyprus Tourism

• NEW developments & why TRNC is a hot property location

About Evergreen Developments • Who we are and what we build

• NEWS from Evergreen

About our projects – and special offers! • History and surroundings

• Why you should visit, vacation and/or invest!

• 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 North Cyprus?

Visiting North Cyprus

• Turkish/Non

European passport

holders can fly to

Ercan Lefkosa

(North) International

Airports. European

/Cypriot passport

holders can choose

Ercan OR Larnaka

• North Cyprus has one

of the most

welcoming visa

policies in the world

- no advance visa

required!

The Landscape of North Cyprus

Northern Cyprus is breathtakingly beautiful.

Geography ranges from high Besparmak

mountains to the lower coastal regions with

beaches.


• Northern Cyprus 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

History & Culture in North Cyprus

Bellapais Abbey

Cities in North Cyprus

• Four main cities in

Northern Cyprus are:

Nicosia (Lefkosa)

the Capital City,

Kyrenia (Girne)

Famagusta

(Gazimaguza)

Guzelyurt

New meets Old in North Cyprus

Kyrenia/ Girne Town

Wildlife in North Cyprus

• Many unique species of

wildlife – including:

• rare orchids

• butterflies

• birds

• deer and

• turtles

which attract visitors

from all over the world

Leisure activities in 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

Luxury in North Cyprus

• For those with

more 21st century

tastes there are

top of the range

leisure facilities,

18 hole golf clubs

and hotels.

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

• IDEAL for vacations OR

retirement – British feel at

home as was ex Colony

(drive on the left!)

* Gorgeous climate (max 35C)

• Easy access & convenient

mid way between Middle

East and UK/Europe

• Low cost of living – whether

buying a vacation, a

property, or just a meal out

• Friendly, welcoming local

people

• Ideal retirement spot with

all leisure/healthcare

facilities

• 2011 was “TRNC Year” in

Turkey!

• As a result of this, TRNC

now attracts large numbers

of both tourists AND

investors

• Leading Turkish investors

are investing into both

tourism & property

development including new

hotels.

Economy growing in North Cyprus!

• Turkey has an expanding

economy unaffected by euro

zone instability

• Turkey’s government is

giving funds to Turkish-

affiliated investment zones

• The wealth of Turkey’s 70+

million population provides

new opportunities for the

TRNC

Turkey is investing in North Cyprus!

Tourism is growing in North Cyprus

• Income from North Cyprus

tourism is increasing each

year whilst tourism in

neighboring countries is

declining

• Tourists worldwide are now

seeking non-eurozone

countries for holidays.

• The fast growing popularity

of mainland Turkey with

tourists from Europe AND the

Middle East is spilling over

to North Cyprus.

What’s NEW for TRNC Economy?

• Upgrading of North Cyprus

ERCAN AIRPORT to bring 5

million tourists to TRNC – 500%

increase in capacity

• Forthcoming undersea WATER

PIPELINE from Turkey costing

117 million Turkish Lira

($65,022,547 USD)

• OIL AND GAS reserves around

Cyprus will ultimately benefit

the North of the island too

Ercan Airport upgrade

* 350 million Euros to be

spent by Turkish company

•New terminal building

• Hotel

• 62 check in desks

• 24 passport control points

• Basement car park

• Second runway

• Subway tunnel.

Water pipeline from Turkey?

• The 107-kilometer (67-mile)

pipeline will run from

Alakopru dam near Anamur

on the Mediterranean to a

damn in Gecitkoy in northern

Cyprus. It’s expected to be

operational by March 2014

* It will carry 75 million cubic

meters (19.8 billion gallons)

of water a year to northern

Cyprus.

* Turkey also plans to

provide electricity to

northern Cyprus through

underwater cables that will

run parallel to the water

pipeline.

Water pipeline could supply N. AND S.?

Prime Minister Erdogan of

Turkey

“ We can provide potable

water to the Greek

Cypriots if they need it.

We can also provide them

with electricity if they

need it. We are saddened

to see their conditions.

They bring water to the

Greek Cypriot

administration in tankers

and have to drink water

with rust. They can avoid

drinking water with rust

and enjoy the clean water

of Anamur if they desire”

Economy expanding, prices low but rising

North Cyprus has

the lowest property

prices in the

Mediterranean.

Historically this has been

brought about by:

• Low cost of land

• In the past – cash buyers

only

• Past history of Northern

Cyprus –

And prices are

rising!

Our Flagship Pre-74 Beachfront investor site

• There has been a 75% increase in prices in 6 years from off-plan to

completed.

• Investors can now see Phase One up and running – plus there are a

fabulous array of facilities!

Why buy in 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 and payment

plans now in Northern

Cyprus

• Infrastructure, new roads

and increased investment is

driving progress

New European Economy Magazine

on North Cyprus Investment

UAE Press on North Cyprus Investment

What’s NEWS from Evergreen?

• First full season of our

APHRODITE AIRLINES

KITE SCHOOL based at

Aphrodite Beachfront

• RRD – Roberto Ricci

Designs, held

international conference

at Aphrodite this year

with delegates from all

over the world including S

America and Japan.

RRD at Aphrodite this summer!

Delegates from as far as Japan and

Dubai came to Aphrodite this year for

the annual Roberto Ricci Designs event

Aphrodite Airlines in TRNC media!

Aphrodite gains RCI GOLD CROWN AWARD

• Aphrodite Beachfront is

the ONLY gold crown site

in North Cyprus

• Owners at Aphrodite can

use, rent OR EXCHANGE

up to ten weeks per year

useage in their own

freehold apartment for

using fabulous luxury

properties all over the

world. See www.rci.com

for details

NEW FRACTIONAL

PRODUCTS

http://www.rci.com/

What’s NEWS from Evergreen?

• NEW PROJECTS planned

for next year

• APHRODITE TOWER new

designs – will be the

tallest building in

Northern Cyprus

New Aphrodite Tower designs

Horseshoe Bay NEW $402,550 USD

Horseshoe Bay is a unique

private bay at the gateway

to the Karpaz. Villas built

to individual designs.

Private maid service,

private bay NOW from

ONLY $402,550 USD for 3

bedroom villas

OMANIS in TRNC!

•Expansion of our Evergreen staff

to include Arbic speaker – more

Omanis buying our properties!

• There are currently 26 Omani

students in TRNC universities in

undergrad & post-grad programs.

Some on scholarship from the

Ministry of Higher Education of

Oman and some are on

academic scholarships. 6 are at

Lefke Uni near Aphrodite

Beachfront on West coast

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


• Our Logo was chosen to

represent stability &

growth

• We are the most

established & experienced

international development

company in the country

• We have completed 9

projects and have 7 in

progress – over 7 years

• We are financially stable

with no outstanding

mortgages or loans on any

of our land


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


• 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

Joya Restaurant at Crystal Bay Marina Delux


• 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.


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!

OUR RANGE – all areas, all types of title deed

• Evergreen offers pre-74

deeds AND TRNC title deed

properties

• We hold the biggest

portfolio of secure title,

freehold pre-74 villa and

apartment properties

• Pre-74 title deed refers to a

property built on land which

belonged to Turkish Cypriots

prior to 1974

* TRNC title deed properties

are new properties built on

land for which the TRNC

government has reissued

title deeds.

.

Confirmation of Turkish Title

Visit Aphrodite Beachfront Village

• Take a vacation or buy a

freehold OR fractional

property!

• Range is from studio

($54,500 USD) to three

bedroom/front line

($285,500 USD)

• 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 (some guaranteed

min 5% rental return)

• Near to local town, banks,

shops and hospital

Aphrodite - location

Our Flagship Pre-74 Beachfront investor site

• Aphrodite Phase Two is now

under construction

• Phase THREE the tower

will commence in early 2013

– reserve INTEREST FREE

NOW!

• Some phase two sections

are READY NOW – starting

price now $96,000 USD (2 bed)

• Phase three Studio prices

start at only $54,500 USD, one

bedroom from $64,900 USD

• Take advantage - and get

entry level prices!

• Price level depends upon

proximity to the sea

Aphrodite Beachfront – our flagship pre-74 site

Aphrodite at Gaziveren in Lefke area

• Evergreen Developments

purchased the land at

Gaziveren on the West Coast 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 Lefke area – traditional culture

Phase One - Aphrodite Beachfront

The beach at Aphrodite

Scenes from Aphrodite Beachfront

Aphrodite Beachfront Village

Luxury Facilities at Aphrodite

Joya Restaurant at Aphrodite

Joya Restaurant at Aphrodite - Staff

Aphrodite Beachfront Village – Our Flagship Pre-74 Beachfront investor site

Launch of Aphrodite Airlines

Kites and sunsets at Aphrodite

Interiors – luxury for guests & investors

Interiors at Aphrodite

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.

Current Developments to Increase

Tourism – Wonderland Park Plans!

Crystal Bay Marina (Delux)

- our luxury site on the North Coast

A few images with marina site & Joya


- 10 min drive from Korineum Golf Club

Crystal Bay Marina Delux


- our luxury site on the North Coast

Crystal Bay Marina Delux

Bellapais Spring Village

• Amazing investment

potential – prime pre-74

area, close to shops and

beach

• Under Construction link

detached villa project in

the most sought after

residential area of N.

Cyprus ONLY $176,600 USD

• Near to Kyrenia Town

facilities, plus NEW English

School, Harbour, Golf Club,

Mountain walks, Cultural

Activities

• 5% MIN rental guarantee

available. Excellent letting

potential to local families.

Bellapais Spring Village

Views from Bellapais Spring Village

Rooftop Sea View from Bellapais

Mountain Village – The Beverley Hills of

North Cyprus

• Completed and Under Construction

detached villas in own grounds

from $192,250 USD 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

$402,500 USD

Horseshoe Bay

Crystal Bay Park

Crystal Bay Park

• Completed

beachfront site with

two bedroom

apartments starting

from $96,100 USD

• 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 Villas

• 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


Why invest in North Cyprus?

•Evergreen property prices

are rising!

• European Courts

recognising the Immovable

Property Commission (IPC)

in Lefkosa – which is paying

compensation to Greek

Cypriots, increasing

investor confidence

• North Cyprus is a

recession product – low

prices are affordable in

recession

• TRNC is NON-EUROZONE!

HOLIDAY LETTING/RENTAL GUARANTEE OPTIONS

• 5% min guaranteed

rental pa ON SELECTED

PROPERTIES

• Flexible payment

plans

• Good supply of local

all year lets from

Lefke Univ.

• In-house

Management and

Holiday Lettings

Company.

• We handle

everything –

furnishings, lettings,

management

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 on selected

properties.

• With more and more 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 – 36 months.

– This is for our off-plan or under-construction properties ONLY – 100% of the funds must be available within 36 months on tower, 24 months on most other properties

2. MORTGAGES

please speak to FINANCE INTERNATIONAL ABOUT THE MORTGAGE OPTIONS.

2 ways to visit – 3 offers!

1. Come on an independent vacation at Aphrodite Beachfront Village OR Crystal Bay Marina!

2. Come on an inspection trip as a lifestyle OR investment buyer!

Special offers to visit us in NOVEMBER!

We can organise you and your family an

INDEPENDENT VACATION!

30% DISCOUNT ON OUR STANDARD RENTAL PRICES at

Aphrodite or Crystal Bay

* Limited availability. Subject to availability for qualified applicants. Current offer is for visitors who are arriving in November

2012. At other times, please call for offer availability.

Special Offer – INVESTORS IN NOVEMBER

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 (5,773 RO)

INVESTMENT SCENARIO • Purchase price 39,048 RO

• Buying costs 5,773 RO

TOTAL OUTLAY: 44,821 RO

You now have a furnished,

completed, fully running apartment

ready for rental.

We will GUARANTEE to give

you back in the first year of

ownership - 2,241 RO or

£3,755 !

Special Offer – LIFESTYLE BUYERS NOV.

PURCHASES UP TO

$78,000 USD • FREE FURNITURE

PACKAGE of your choice –

TOTAL WORTH

• £2,000 +

PURCHASES from $78,000

USD

• FREE WHITE GOODS,

AND FURNITURE

PACKAGE – TOTAL

WORTH

• £3,500 +

COME AND VISIT US IN NOVEMBER!

Offer includes

• Up to $600 cashback towards your

flights, no obligation (subject to T + C)

• Full refund of your flight costs towards your

property purchase (if property is 37,000 RO or

more)

• Free airport transfers and all transport throughout

• Assistance in booking your trip

• Bed and breakfast accommodation for up to four

nights in our luxury Aphrodite Beachfront village

• Full services of our team during your stay.

For a limited time only we are offering

selected qualified visitors a no obligation

cash back offer of up to $600 towards

their flight costs (per couple) to come for

an NOVEMBER visit ONLY.

WE LOOK FORWARD TO WELCOMING YOU!

Aphrodite Beachfront Village Resort –The Perfect Vacation, Retirement

and Property Investment Location

All you have to lose is the chance to gain!

www.aphroditebeachfront.com

http://www.aphroditebeachfront.com/

north cyprus property & investment presentation

Documents

cyprus greek

north cyprus trnc

larnaka north cyprus

south cyprus

history population of

official languages of

turkish cypriot north

large british population