Buying a house in Northern Cyprus

Buying a house in Northern Cyprus

Buying a house in North Cyprus can be a great investment opportunity for people with different goals. Mediterranean climate, affordable cost of living, access to beautiful beaches and stunning views make this area an ideal place to live, vacation or invest. In this article, we review the conditions for buying an apartment in North Cyprus, the price of an apartment in North Cyprus and important points for buying an apartment in North Cyprus.

Conditions for buying a house in North Cyprus

In addition to the mentioned benefits, buying a property in North Cyprus can bring you other benefits, including:

• Permanent residence: By purchasing a property worth at least 350,000 euros, you and your family can obtain permanent residence in Northern Cyprus.
• Tax exemptions: Property owners in Northern Cyprus enjoy certain tax exemptions on the income from the rental of the property as well as the profit from its sale.
• Investment opportunities: Due to the growing demand for real estate in North Cyprus, real estate prices in this area are expected to increase in the coming years.

Conclusion of the purchase contract: 

After choosing the property and conducting legal consultation, a contract is concluded between you and the seller. This contract includes terms and conditions of purchase, price and payment method.

Transfer of ownership document:

After full payment, the title deed will be transferred to your name. This process takes place at the local registry office and requires the presence of you or your legal representative.

The price of buying a house in Northern Cyprus

The price of buying a house in North Cyprus depends on various factors, including:

Property Type: Apartments are generally cheaper than villas.

Location: Prices are higher in coastal and tourist areas than inland areas.

Size: The larger the size of the property, the higher the price.

Facilities: Apartments and villas are offered with various facilities such as swimming pool, jacuzzi, garden, etc., which affects their price.

Construction: Newly built homes are generally more expensive than older homes.

However, in general, house prices in North Cyprus range from £20,000 for a small apartment in an inland area to £62,000 for a luxury villa in a coastal area.

The cost of buying a house in North Cyprus depends significantly on various factors, including the type of property, location, size, facilities and age of the building.

In Northern Cyprus, the prices are as follows: 

Apartments: 500 to 1,000 euros per square meter

Villa house: 800 to 1,800 euros per square meter

Country house: 400 to 800 euros per square meter

Expensive areas in Cyprus:

In Northern Cyprus, expensive areas are mainly located along the coast and in popular tourist areas. Here are some examples of these areas:

House in Northern Cyprus

In Northern Cyprus, expensive areas are mainly located along the coast and in popular tourist areas. Here are some examples of these areas:

Girne:

This beautiful port city is famous for its port, castle and beaches. As a popular tourist destination, Kyrenia offers a wide range of properties to choose from at relatively high prices. The price of apartments in Kyrenia is on average between 800 and 1,500 euros per square meter and the price of villas is between 1,000 and 2,000 euros per square meter.

Karpas

This peninsula in the northeast of Cyprus is famous for its beautiful countryside and pristine beaches. However, due to its distance from the main tourist centers, Karpas is one of the most affordable areas to live in Northern Cyprus. The price of apartments in Karpas is on average between 400 and 800 euros per square meter and the price of villas is between 600 and 1200 euros per square meter.

Opta

This beautiful seaside village is located near Kyrenia and is famous for its sandy beaches, turquoise waters and restaurants. Due to its increasing popularity among tourists and retirees, Lapetta has seen property prices rise in recent years. The price of apartments in Lapta is on average between 700 and 1300 euros per square meter and the price of villas is between 900 and 1800 euros per square meter.

Alexandria

This historic port city was once an important rival to Alexandria, Egypt. Today, Alexandria is famous for its historical sites, traditional markets and delicious food. Prices in Alexandria are significantly lower than other popular tourist areas in Northern Cyprus. The price of apartments in Alexandria is on average between 500 and 1000 euros per square meter and the price of villas is between 700 and 1400 euros per square meter.

Cheap areas in Cyprus:

In North Cyprus, there are several affordable areas that you can consider buying a home in North Cyprus. These areas are generally located further away from popular tourist centers and beaches, but can offer a more relaxed and affordable lifestyle.

Buying a house in Northern Cyprus

In North Cyprus, there are several affordable areas that you can consider buying a home in North Cyprus. These areas are generally located further away from popular tourist centers and beaches, but can offer a more relaxed and affordable lifestyle. Here are some examples of cheap areas in Northern Cyprus:

Pier

Lefke

Gazivort

This small town is located near Nicosia and is famous for its textile industry and factories. Gaziort offers a wide range of properties at very reasonable prices. The price of apartments in Gezivert is on average between 250 and 500 euros per square meter and the price of villas is between 400 and 800 euros per square meter.

Karpas

This peninsula in the northeast of Cyprus is famous for its beautiful countryside and pristine beaches. Due to its distance from the main tourist centers, Karpas is one of the most affordable areas to live in Northern Cyprus. The price of apartments in Karpas is on average between 300 and 700 euros per square meter and the price of villas is between 500 and 1000 euros per square meter.

Our team is with you in all stages of buying an apartment in North Cyprus

Summarizing the price and buying a house in Cyprus

Buying a house in Cyprus

• Price: Prices in North Cyprus are significantly cheaper than in South Cyprus.
• Areas: Expensive areas are mostly along the coast, while inexpensive areas are located in rural and remote areas.
• Tips: Before you buy, do your research, be aware of additional costs, and learn about the local culture.

The North Cyprus property buying guide will help you make the final choice based on your needs and budget.

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