Buying property in North Cyprus

Buying property in North Cyprus

Various reviews show that people all over the world welcome shopping in North Cyprus. The very reasonable price for buying property has made many people from Europe, America, Africa and even East Asia willing and eager to buy property in North Cyprus. Keep in mind that currently about half of the people of this country are immigrants.

In the past years, many people have purchased property in Northern Cyprus, and one of the reasons for this is the economic growth of this country, which has led to the significant development of the country's infrastructure. North Cyprus is less rich than South Cyprus, but the economic growth in this country has attracted the attention of investors. By buying a property in Northern Cyprus, you can obtain residency in this country, and this is a good opportunity for your retirement, children and vacations. Of course, it should be noted that the price of property is not different from Iran, but it is worth mentioning that investment in North Cyprus has the potential to grow.

Suitable cities to buy property in Northern Cyprus

According to your purpose and motivation, you can choose which city to live in, for example, the city of Skele is a coastal city and has a good climate. The city of Famagusta can be a good choice for people who want to study in this country because the most prestigious university of North Cyprus, EMU, is located in this city. Considering that Girne is a city with historical, natural and tourist attractions, it is one of the most expensive cities and the price of property in this city is higher and it is suitable for investment.

Conditions for buying property in North Cyprus Property purchase cost This country is cheaper than European countries. Due to the variable prices, it is not possible to introduce a fixed amount, and usually 50,000 pounds is the minimum required cost.

Property purchase procedures To buy a property in North Cyprus, you should first consult with activists and expert consultants in this field. The official representative of Jehan Ara will accompany you in this regard. Our consultants can give you the necessary guidance in choosing a property that does not have legal or tax problems and has complete documents.

After choosing the property to buy it, an amount equal to 2000 pounds must be paid to the seller to reserve the property. After the final decision, about 30% of the total price of the property must be paid for the purchase, which is usually one month before the purchase. 5% tax for buying property must be paid to the tax office.

Advantages of buying property in North Cyprus By buying a property in North Cyprus, you can live there by paying 30% of the total amount of the property The right price for buying property in this country compared to other countries Less time to get a visa than other countries Ensuring investment in North Cyprus due to the increase in property prices in this country Security in this country and low crime rate Using the benefits of residence like other citizens, such as educational, welfare, medical facilities Ease of travel