Northern Cyprus Properties Market Experiences Steady Rise in Cost

With over 50% sold, the developments at Sweetwater Bay in Northern Cyprus recently experienced a scheduled rise in unit price. Averaging a 10% increase, the rising price is indicative of the popular trend of buying holiday home villas in Cyprus.

(PRWEB) May 11, 2007 -- The leading developer in the North Cyprus properties market, Sweetwater Bay, just announced that they are entering phase two of marketing its sea front development. Recent sales have been both rapid and steady and the amazing vacation homes, apartments, and villas at Sweetwater Bay are now over 50% sold. Unit prices rose the scheduled average of 10%, meaning that now is the time for investors and potential holiday home owners to make their move before the development is completely sold out.

The Northern Cyprus properties (http://www.sweetwaterbay.co.uk/) at Sweetwater Bay are sea front line and only 100 meters from a private beach. The premier Northern Cyprus development is home to 1, 2, and 3 bedroom luxury garden apartments, penthouses villas, and bungalows.

Buying holiday home villas in Cyprus has become more popular due to the attractive prices compared to purchasing holiday homes in Southern Spain. In fact, the Sweetwater Bay units start at just £34,900, whereas similar real estate in Southern Spain begins at around £250,000 - £450,000. And, many owners rent out their Northern Cyprus unit to make the investment both sound and lucrative.

Yoav Lavie, spokesperson for Sweetwater Bay, highlights the additional Northern Cyprus benefits, "This area is definitely one of the last unspoiled vacation spots in the Mediterranean. North Cyprus (http://www.sweetwaterbay.co.uk/north_cyprus.html) is considered the last rare jewel of the Mediterranean because of its gorgeous scenery--from the glistening bays to the impressive mountain tops to the sparkling beaches. The locals are so welcoming and kind to holiday guests that it makes it really difficult to leave all of the relaxation and beauty behind when you leave. Sweetwater Bay really is a dream vacation and holiday destination for all of these reasons."

The vacation complex also contains a bar, gated security, convenience market, and 24/7 site management service. There are four large swimming pools, a playground and designated baby and child pool areas, a gymnasium, sauna, and spa. Time can also be spent on the large sport courts maintained within the landscaped gardens. Located 35km east of Kyrenia, Sweetwater Bay is easily accessible from the new North Cyprus coastal road.

For more information about buying holiday home villas in Cyprus and learn about the units at Sweetwater Bay, please visit SweetwaterBay.co.uk (http://www.sweetwaterbay.co.uk/).

About Sweetwater Bay:

With vast experience in the worldwide real estate development market, the owners of Sweetwater Bay provide unparalleled expertise in market development, design quality, construction, and reliability. These qualities have led them to be a leader in the Northern Cyprus properties market.

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