Buying a house in Northern Cyprus

Northern Cyprus, a beautiful and peaceful country on the Mediterranean Sea, with its sandy beaches, pleasant climate and low cost of living, has become an attractive destination for investment and immigration. Buying a house in this area can be a good opportunity to enjoy the Mediterranean lifestyle, access to modern amenities and obtain permanent residence.

In this comprehensive article, we will examine all aspects of buying a house in North Cyprus. From the important points when buying a property and the relevant laws to introducing the best cities to live in and the conditions for obtaining a work permit, we have gathered all the information you need.

Buying a house in Northern Cyprus

Tips when buying property in North Cyprus

• Budget: The first step in buying a home is to determine the budget. The price of real estate in North Cyprus depends on various factors such as location, type of property, size and facilities. By setting an accurate budget, you can search for options that suit your needs.
• Region: Northern Cyprus has various cities with unique characteristics. Before you buy, research different areas and choose one that fits your lifestyle and needs.
• Type of property: apartments, villas, independent houses and land are among the options before you to buy. Choosing the type of property depends on your taste, needs and budget.
• Facilities: Pay attention to the facilities available in the property as well as the amenities of the complex or neighborhood. Factors such as parking, swimming pool, green space, security, etc. can affect your quality of life.
• Legal documents: Before signing any contract, carefully check the documents related to the property. Get the help of a trusted lawyer or real estate agent to ensure that the documents are correct and comply with Cyprus laws.
• Taxes and side costs: In addition to the purchase price, pay attention to the taxes and side costs related to the purchase of property, such as document registration fees, attorney’s fees, etc.

Further, if you are looking for information about working conditions in North Cyprus, you can visit our North Cyprus working conditions page.

In which city of Northern Cyprus should we buy a house?

Choosing the right city to live in North Cyprus depends on various factors such as your taste, needs and budget. Here we introduce some of the most popular cities in this region:

• Kyrenia: the largest city and economic center of Northern Cyprus with many historical, cultural and recreational attractions.
• Famagusta: A port city with beautiful beaches and ancient monuments, famous for affordable housing prices.
• Karava: a quiet city with pristine nature and mountain views.
• Keleh: a tourist area with sandy beaches and luxury hotels.
• Lefka: a traditional village with Cypriot architecture and authentic lifestyle.

Buying a house in Northern Cyprus and work permit

By buying a house in North Cyprus, you can apply for a work permit in this country. The type of work permit will be different according to the type of property and its value. For more information in this regard, you can visit the website of the Immigration Department of Northern Cyprus. Also, one of the services of Zahoorian Investment Company is the property purchase service in North Cyprus. These services are performed by our skilled experts and you can get free property purchase advice by visiting our North Cyprus property purchase service page.

Rules for buying a house in Northern Cyprus

The rules for buying a house in Northern Cyprus are generally simple and clear. Foreign nationals can buy property in this country without any restrictions. To carry out the legal procedures of the purchase, you will need identity documents, a certificate of no bad background and financial ability.

Rules for buying a house in Northern Cyprus

Costs of buying a house in North Cyprus

The cost of buying a house in North Cyprus depends on various factors such as location, type of property, size and facilities. In general, apartment prices in this country start from 50,000 euros and reach 200,000 euros or more for luxury units in coastal areas. Villa prices start from 100,000 euros and reach millions of euros for large and luxurious villas in certain areas.

In addition to the purchase price, you should also consider the following additional costs:

• Stamp duty: 5% of the property price
• Deed transfer tax: 2% of the property price at the time of registration of the contract in the property department
• Transfer tax: 3% of the property price at the time of handing over the keys
• Lawyer fees: about 1 to 2 percent of the property price
• registration fees
• Insurance costs

Advantages of buying a house in North Cyprus

• Investment: Buying property in North Cyprus is considered as a safe investment with high growth potential.
  Obtaining residence: By purchasing a property in this country, you can apply for permanent or temporary residence in North Cyprus.
• Tax exemptions: The government of Northern Cyprus offers attractive tax exemptions for property owners.
• Access to amenities: Northern Cyprus is at a favorable level in terms of amenities such as schools, hospitals, and shopping centers.
• Low cost of living: The cost of living in Northern Cyprus is lower compared to many European countries.
• Favorable climate: Northern Cyprus has a Mediterranean climate with hot summers and mild winters.

Advantages of buying a house in North Cyprus

Disadvantages of buying a house in North Cyprus

Non-membership of the European Union: Northern Cyprus is not a member of the European Union and this may affect some of your rights and benefits as a European citizen.
Political problems: Relations between North Cyprus and South Cyprus are still tense and this issue can affect the political and economic stability of the region.
Language: The official language in Northern Cyprus is Turkish and learning this language can be challenging for you.

Conclusion

Buying a house in North Cyprus can be a great opportunity to invest, settle and enjoy the Mediterranean lifestyle. However, before making a purchase, you should carefully consider all aspects, including the pros, cons, and costs.

important points:

• To buy a property in North Cyprus, be sure to seek the help of a reputable and licensed real estate agent.
• Before signing any contract, read and review all terms and conditions carefully.
• Get the help of a lawyer to ensure that the documents are correct and comply with Cyprus laws.