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North Cyprus Property & Investment Presentation
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Evergreen Developments
Vacation & Investment Presentation
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.
The Landscape of North Cyprus
• 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.
The Landscape of North Cyprus
Famous Besparmak (Five Finger) Mountain
The Landscape of North Cyprus
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.
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
• 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
(£40,727,983 GBP)
• 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
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 £250,000 GBP
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 £250,000 GBP 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
Why Choose Evergreen Developments?
• 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
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?
• 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
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.
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!
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
(£35,000 GBP) to three
bedroom/front line
(£180,000 GBP)
• 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 £60,000 GBP(2 bed)
• Phase three Studio prices
start at only £35,000 GBP, one
bedroom from £38,000 GBP
• 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
Luxury Facilities at Aphrodite
Joya Restaurant at Aphrodite
Joya Restaurant at Aphrodite
Joya Restaurant at Aphrodite - Staff
Aphrodite Beachfront Village – Our Flagship Pre-74 Beachfront investor site
Luxury Facilities at Aphrodite
Luxury Facilities at Aphrodite
Luxury Facilities at Aphrodite
Luxury Facilities at Aphrodite
Launch of Aphrodite Airlines
Kites and sunsets at Aphrodite
Interiors – luxury for guests & investors
Luxury Facilities at Aphrodite
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
Crystal Bay Marina (Delux)
- 10 min drive from Korineum Golf Club
Crystal Bay Marina Delux
Crystal Bay Marina (Delux)
- our luxury site on the North Coast
Crystal Bay Marina Delux
Crystal Bay Marina Delux
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 £110,00 GBP
• 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
Bellapais Spring Village
Views from 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 £145,000 GBP 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
£250,000 GBP
Horseshoe Bay
Horseshoe Bay
Horseshoe Bay
Crystal Bay Park
Crystal Bay Park
Crystal Bay Park
• Completed
beachfront site with
two bedroom
apartments starting
from £60,000 GBP
• 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
Evergreen Unique Delux Interior Range
• Laminate Flooring – alternative to granite porcelain
Evergreen Unique Delux Interior Range
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
£49,000 GBP • FREE FURNITURE
PACKAGE of your choice –
TOTAL WORTH
• £2,000 +
PURCHASES from £49,000
GBP
• FREE WHITE GOODS,
AND FURNITURE
PACKAGE – TOTAL
WORTH
• £3,500 +
COME AND VISIT US IN NOVEMBER!
Offer includes
• Up to £375 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 £375towards
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