Tricon Development has unveiled its new project, Terra Life, in Turkey. The complex, consisting of several low-rise blocks of studios, will be located in the resort area of Iskele in Northern Cyprus. The estimated completion date is December 2025.
The main advantage of real estate in Terra Life is its location—just 600 m from the wide sandy beach of the Mediterranean Sea. The complex will offer the following facilities:
The complex comprises 184 apartments in 2 layouts: classic studios and 2-storey loft studios. During the construction phase, Terra Life prices from the developer range from $129,000 to $166,000. Properties for sale with current prices in various currencies can be viewed in our catalogue.
Off-plan property in Terra Life for investment
Purchasing properties in Terra Life in Northern Cyprus, located close to the sea, is an excellent option for capital preservation and appreciation. The northern part of the island has one of the highest rates of return on investment. Letting here can provide investors with annual returns of between 10 and 16%. Selling a property bought during the development phase can yield 20–35% of its value.
In addition, a significant advantage of investing in Northern Cyprus is the relatively low property price threshold. The cost of property here is on average 30% lower than in European Union countries.
Another advantage of buying is the possibility of interest-free instalments. The initial payment is 40% of the total amount and the remaining 60% is paid in instalments during construction.
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