Buying Property in Cyprus
With its uniquely beautiful view, quiet location and excellent climate, Northern Cyprus offers a unique opportunity for real estate investments. These private properties with unobstructed panoramic sea views promise a quiet life, integrating with the mountains in the background. These unique residences attract attention with their affordable prices, as well as offering a pleasant lifestyle all year round in Northern Cyprus, which has a temperate climate similar to the latitude of Los Angeles.
Advantages
The sun shines here 320 days a year
The climate in Northern Cyprus is wonderful and pleasant all year round.
Forbes magazine recommends Northern Cyprus
Forbes magazine has an article that lists Northern Cyprus among the top 5 coastal countries to invest in in 2021.
A typical Mediterranean lifestyle in Northern Cyprus
Here you can enjoy your life stress-free.
Frequently Asked Questions
PROPERTY BUYING PROCESS IN NORTH CYPRUS
The difference here is that you make an appointment with a law firm, not a notary. The buyer is usually accompanied by his agent or property developer, and power of attorney for the lawyer is issued there. All you need is your passport. This power of attorney does not carry any risks since it is only related to the purchase of real estate. The lawyer will be responsible for drafting the contract, monitoring the purchase application, legal review of the property, and more.
DEPOSIT FOR BOOKING
It is common for the deposit to be between £1,000 and £2,000.
This means the property is taken off the market and reserved for you.
This amount is non-refundable, but you will generally only make this deposit if you are absolutely sure you want to buy.
ADDITIONAL PURCHASING COSTS
VAT 5%
Withholding tax 6%
Land registry office 3%
Opportunities
Offering a perfect balance, these properties stand out with their proximity to the city center, despite being in a quiet location. This offers both a peaceful life and the chance to easily benefit from the surrounding facilities. Northern Cyprus stands out as a region that offers many investment opportunities that have not yet been discovered and are open to development. Take a step now to experience the privilege of owning a property in Cyprus and take advantage of these unique opportunities.