Advantages of investing in North Cyprus: This article discusses the advantages of investing in this area.

In recent years, Northern Cyprus has been recognized as one of the most lucrative real estate markets in the world. This attractive island, with a very favorable and moderate climate, has attracted investors from different parts of the world. Let’s take a look at some of the factors that have fueled the influx of investors to Northern Cyprus:

1. Favorable and moderate climate: Northern Cyprus has the best climate of the Mediterranean temperate regions with an average of 300 sunny days per year. The temperature ranges between 15 and 27 degrees Celsius in most months, which makes life on this beautiful island a pleasure.

2. Reasonable property price: Currently, the real estate market in North Cyprus offers the best prices among the Mediterranean countries. Prices for properties available to buy in coastal areas start from £80,000 for apartments and £200,000 for villas. Luxury apartments and penthouses in the best condition from around £240,000 and ultra-stylish villas up to £350,000 are well below the price of similar properties elsewhere in the world.

With a combination of pleasant weather and reasonable prices, Northern Cyprus seems to be very attractive to investors. Follow along with the introduction of investment benefits in North Cyprus at Zahouriyan Investment Company!

Investments in North Cyprus are made in the British pound, which is one of the most reliable, stable and strong currencies in the world. Every year, the difference between the value of the pound and the dollar and the euro also increases. Fortunately, buying and selling property in Northern Cyprus is in British pounds. This case encourages foreign investors to buy property. During a short period of time, in addition to the growth of property prices in this country, the pound currency also brings good added value, which causes multiple capital growth for buyers.

It should also be noted that the pound is a currency that is resistant to any inflation. This type of investment in North Cyprus differentiates the capital of buyers compared to other countries such as Dubai, Georgia, Turkey, etc.

Advantages of investing in North Cyprus

The possibility of renting property and earning foreign currency

Many buyers buy property in North Cyprus to provide a way of foreign exchange income. In North Cyprus, units are rented in dollars or pounds and the rental income is approximately 10-12% of the property price annually. For example, a one-bedroom unit costing £140,000 costs between £1,100 and £1,300 per month. Earning foreign currency in this way is very attractive for investing in North Cyprus.

Receive the definitive property document of the heirs

One of the biggest advantages of investing in North Cyprus is receiving a definite and lifetime one-page document in the name of the foreign buyer. According to the laws of the Cyprus government, the property deed is the same for foreign investors and Cypriot citizens. Even after the death of the buyer, the property will be inherited equally according to the laws or according to the registered wills of the deceased.

To buy property and invest in North Cyprus, there is no need to establish a company, and the administrative and legal procedures for buying property on this island are very simple. In most projects, by paying 30% of the total amount, the desired house or property is registered in the name of the customer, and it is immediately possible to carry out the procedures for obtaining residence, which takes a maximum of three weeks.

Also, the process of arranging a property purchase agreement in North Cyprus is very simple, and foreigners can easily have absolute and 100% ownership of the purchased property. The purchase contract is drawn up in three versions (buyer, seller, lawyer) in Turkish and English, and in Persian if needed, and all versions have equal enforcement power.

It is necessary to know that the property document that belongs to the heirs (which does not have its equivalent in countries such as Dubai, Greece, Armenia and European countries) is presented to the buyer. The immigration police in Northern Cyprus continue the residence process for you and your family based on the property registered in your name, so legally this part of the work is done very carefully and under the supervision of the law, which creates a suitable environment to encourage and provides the use of foreign investors from different European countries, Russia and Iran.

Simple process of obtaining residence by investment in Northern Cyprus

People who want to immigrate or stay long-term in Northern Cyprus must apply for a residence permit. To obtain residence by purchasing real estate in Northern Cyprus, after completing the initial stages of the purchase contract, you must take the relevant documents to the tax offices with our representative and register the property in the name of the buyer or buyers.

Issuance of residence for people is not dependent on the continuous presence of people in North Cyprus and the compulsion to live here, and the buyer can leave or enter North Cyprus at any time and for any period. In the same way, some people leave Cyprus by buying real estate and obtaining residency and rent their house on an annual basis. One of the services provided by Zahorian Investment Company is investment services in North Cyprus! You can get free advice on investing in North Cyprus by visiting our investment services page!

Simple process of obtaining residence by investment in North Cyprus

Conclusion

North Cyprus has become an attractive destination for investors by providing benefits such as favorable weather, reasonable property prices, the possibility of renting property and earning foreign currency, a definitive property document for inheritance, a simple process of buying property and obtaining residence.

In short, the key reasons for investing in North Cyprus include the following

Pleasant and moderate climate, 300 sunny days a year
The right price of the property, the conclusion

North Cyprus has become an attractive destination for investors by providing benefits such as favorable weather, reasonable property prices, the possibility of renting property and earning foreign currency, a definitive property document for inheritance, a simple process of buying property and obtaining residence.

Key reasons to invest in North Cyprus

• Pleasant and moderate climate: 300 sunny days per year
• Reasonable price of property and apartments
• Investing in the British pound as a strong and inflation-resistant currency
• The possibility of renting property and earning foreign currency
• Obtaining the definitive property document of the heirs as a one-page document for life
• Simple process of buying property without the need to establish a company
• Obtaining fast residence in maximum three weeks
• The possibility of renting the property after obtaining residence

Key reasons to invest in North Cyprus

Finally, we can conclude that North Cyprus is a good opportunity for foreign investors who are looking for a safe and profitable investment with many benefits. Investing in North Cyprus is undoubtedly an exceptional and attractive opportunity for many people!