Buying North Cyprus Properties

Buying North Cyprus Properties can be an attractive option for people looking to move to the Mediterranean island. The cost of living here is considerably lower than that of many Northern European countries, and the interest rates are generally much lower. You can also take advantage of non-status "developer payment plans" that allow you to borrow the money from the developer and repay it over 12 years. Different developers will charge different interest rates, minimum deposits, and periods for full payment.

While buying North Cyprus properties, you should remember that foreigners cannot purchase multiple properties at a time. This means that the vast majority of European buyers are individuals who wish to generate additional income from the rental of their property or a small portfolio of properties. North Cyprus Properties offer two basic rental options: apartments and villas. Typically, apartments are cheaper than villas, but penthouses and luxury apartments can also be quite similar in price. The location of your property is also important - is it near a beach or restaurant? Are there public transport options nearby?

When buying property in Northern Cyprus, you should know that there are 4 types of property title deeds. It is important to understand that these types of properties have different rules. If you purchase European property, you are assured that the title deed is recognized internationally. Turkish property, on the other hand, is the property that Turkish Cypriots owned before 1974. The latter requires approval from the Council of Ministers. You should also remember that buying a donum in Northern Cyprus is limited to one per foreign person, and this process can take up to six months.

The cost of housing in North Cyprus Real Estate is on the rise, but you should remember that this varies from one area to another. If you are looking for a property to live in yourself, buy a property in the city, but if you intend to rent it out later, look for a more affordable option. You can also invest in a property in a village near the city. If you have the funds to buy a property in Northern Cyprus, you can take advantage of the flexible payment system offered by these developments.

Generally, you can buy a property in North Cyprus between PS27000 and PS40000. One or two-bedroom apartments can be bought in this price range. You can expect significant capital gains, depending on the object you choose. And because our company is also a construction company, we can advise you on any details you may need. You can also contact us; we will be happy to help you buy property in Northern Cyprus!

The most attractive aspects of purchasing North Cyprus Properties include its low cost of living and stability of property value. Thanks to favorable exchange rates against the Turkish Lira, buying or renting a property in North Cyprus is relatively inexpensive. In addition, you can enjoy the beaches and other attractions without breaking the bank. You can even afford to furnish your new North Cyprus property! That's the perfect combination for those looking for a holiday home in the sun.