rental income properties north cyprus

Rental Income Properties in North Cyprus

If you are looking at rental income properties in North Cyprus that can earn for you when you are unable to utilise them all year round, then why not look at purchasing a property that is also looked after in your absence and all your holiday bookings taken care of.  Kensington is the owner of Thalassa Beach Resort in North Cyprus, a fully maintained and serviced beachfront resort, located in the Bafra area, along the beautiful southeast coast of North Cyprus.

rental income properties north cyprus

Wide Choice of Property Options

Apartments at Thalassa Beach Resort start at £54,950 for studio apartments with a wide range of property type layouts with 1 and 2 bedroom options, through to 3 bedroom penthouses with spa tub included or ground floors with private pools.  A wealth of choice makes buying a property at Thalassa a very good investment opportunity for any budget and investors often find they are able to invest in a higher spec property than they had first envisaged.

Perfect for family holidays, Thalassa reached full capacity of its rental stock for much of July and continues to achieve very healthy booking rates throughout August and into September 2020.  With the continuing issues of travelling caused by Covid-19, Kensington launched various and very successful campaigns to the local market to attract its guests this year.

rental income properties north cyprus

Successful 2020 Rental Season

The recent Kurban Bayram period saw the resort fully booked and was a hit with families, where children could play and swim in a peaceful and relaxing environment, either in the sea or in the huge outdoor freeform pool or indoor heated pool.  There is plenty to do at the resort to keep adults entertained too, with tennis and basketball court, watersports, gym, spa, beach volleyball and football pitches.  The waterslide park is always a favourite for kids as well as the Games Room.

Our statistics show that currently Studios (which can sleep up to 4) and 3 bedroom ground floor apartments (sleeps up to 6 adults and children) with private pools were the most popular property type requested by bookers.  Coming closely behind are 2 bedroom penthouses with spa tubs.  Even with the beach and sea, 2 choices of pools, guests still like to have a private pool or spa tub – spoilt for choice!

property investment north cyprus 2020

Rental Guarantee for Cash Buyers

As of July 2020 and, if you are looking to buy a property with an income return, Thalassa Beach Resort has various options for cash buyers which include a 7% rental guarantee for 2 years, meaning owners would receive a 14% return on investment within the first 2 years, with an expected full return within 7 years of purchase.  For those looking to purchase with one of Kensington’s payment plans, owners can still expect to rent their property with an estimated 100 or more days rental in a year, achieving around 6-8% return.

The resorts management company, Tavor Management, are responsible for the maintenance and services at Thalassa, and also run our very successful Rental Programme on behalf of owners.  Owner properties are marketed on international holiday sites as well as from the Thalassa website, with the rentals team dealing with bookings, payments, apartment preparation, check in and check out and dealing with any issues during guest stays.

rental income properties north cyprus

There are many reasons for buying a home in North Cyprus, and specifically at Thalassa Beach Resort, where you don’t have to worry about a thing when you are not here to enjoy your property yourself!  Those who are looking specifically at rental income properties in North Cyprus should certainly consider options at Thalassa.

If you would like to know more about buying a North Cyprus property at Thalassa Beach Resort feel free to Contact Us via email at sales@kensingtoncyprus.com or call us on +90 533 862 1686.  To find out more about Thalassa Beach Resort and our 10 Reasons To Invest please visit our Project Information Page.