With a monthly rent of 500 GBP for 8 years, the income from rent is 48,000 GBP. Calculations for a 10% value increase each year are shown below. These values are calculated when a 10% rent increase is applied each year at a minimum level: For Year 1: Expected Return for 2 years is 6600 GBP. For Year 3: Expected Return is 7200 GBP. For Year 4: Expected Return is 7800 GBP. Current value of the apartment for sale is 98,000 GBP. The target tenant population of the area is important in terms of rent income regularity and amount. The rental housing market of the invested area directly affects the amortization period. The speed of finding tenants affects the income generation period of the investment. In Northern Cyprus, the payment method of rents may vary in Sterling or Turkish Lira. Exchange rate fluctuations and choice of payment method may cause changes in amortization calculations.
Translated by 101evler
Graphs, square meter prices and property index are created in cooperation with 101evler and REIDIN Data Analytics.
48.50% of the people living in Karaoğlanoğlu Kyrenia region work as Private Sector and 8.90% as Civil Servant. 26.60% of the people living in this region are in the 65+ age range. In addition, 32.50% of the people living in the region have University and Beyond education.
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The demographic information on this page is shown in cooperation with LIPA Consultancy.
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