Is buying property in North Cyprus a good investment?

Is buying property in North Cyprus a good investment?

The price of houses and apartments in North Cyprus One of the benefits of buying property in North Cyprus is that the properties are really affordable due to the price of houses and apartments. The real estate market in North Cyprus offers the best prices among the Mediterranean countries.

Where should I live in Northern Cyprus?

The slopes of the mountain and the delightful coastline offer you plenty of locations to choose from to live there.

• Kyrenia (Girne)
• Bellapais.
• Other villages of the Kyrenia District.
• Famagusta (Gazimagusa)
• Iskele and Bogaz.
• Nicosia (Lefkosa)
• Final thoughts on North Cyprus’ locations.

Is it safe to buy property in North Cyprus?

The good news is that as the years have passed, various new regulations have been passed which have made a sensible new property purchase in North Cyprus increasingly safe and worry-free – with no more risks with a North Cyprus property than in any other overseas property destination.

Is Northern Cyprus A Good Investment?

In North Cyprus, investors and lifestyle property buyers have “the best of both worlds” – getting their property value fixed to a stable currency whilst also gaining a low cost of living (due to favourable exchange rates against the Turkish Lira), which makes eating out, shopping or furnishing a new North Cyprus …

Can you live in North Cyprus?

North Cyprus Residence When entering the TRNC (the north), you are given 90-day permission to stay visa. However, if you decide to stay longer, you must apply for a temporary residence permit as soon as possible. You are free to enter and exit the TRNC as often as you like and stay there for as long as you like.

How long can you stay in North Cyprus?

90 days
The length of stay granted at the designated ports and border crossings of the TRNC cannot exceed 90 days within a period of 180 days. All foreigners who wish to stay in the TRNC for more than 90 days, are required to obtain a residence permit.

Can I move to North Cyprus?

People can easily relocate and become permanent citizens of North Cyprus. From weather to business, there is a lot to do on this fabulous island which is why you should prefer moving to North Cyprus land.

Is it cheaper to live in Spain or Cyprus?

Cost of living in Spain is 14% cheaper than in Cyprus.

Can foreigners buy property in North Cyprus?

Foreigners wishing to purchase in Northern Cyprus are limited to one property per person or married couple. Alternatively, up to one donum of land (1,338sq meters or 14,400 sq. ft). All purchases are subject to permission from the Council of Ministry, which can take about six months to complete.

How do I become a resident of North Cyprus?

When applying for a temporary residence permit in the Turkish Republic of Northern Cyprus, you will need to submit a written application form together with a valid passport. Next, you will need to obtain a Residence’s Certificate from your local Muthar office in North Cyprus(sort of English County Council).

How do I get residency in North Cyprus?

How to apply for a residency permit in North Cyprus (standard procedure) According to the Immigration laws of North Cyprus, you must present your passport at the local Immigration office, situated in the police station. Residency permits are granted by the North Cyprus Department of Immigration in Nicosia (Lefkosa).

How much is residence permit in North Cyprus?

Procedure for Residency Application Once you have completed the medical tests you should return to the Immigration Section at the police station with all the required documents plus the medical test payment receipt. * The current residency fee is TL 447 for one year (Jun 19).

Where is the best place to buy property in Cyprus?

Buying property in North Cyprus can seem very attractive price-wise. The Forbes ranked North Cyprus as the top destination for best beachfront buys in 2021. However, it’s highly recommended to rent first and get to know locations and the quirks of the property market before you commit.

Where are the best places to visit in North Cyprus?

Morphou (Guzelyurt) is famed for its fragrant citrus groves and fresh markets selling an array of local produce. Located in the West of North Cyprus, this market town is no ordinary tourist destination, as you can enjoy a wonderfully slow pace of life in beautiful rustic surroundings.

Which is the largest city in Northern Cyprus?

Nicosia (Lefkosa) is the capital and the largest city of the Turkish Republic of Northern Cyprus (TRNC), which has a population of around 73,000. Home to the main government headquarters and foreign representatives, it is also the seat for the United Nations and the European Commission offices.

How to make an offer on a house in Cyprus?

Making an offer. 1 1. Know the market. Your agent will be able to advise you on what an acceptable range for making an offer on a house in Cyprus is, but do remember 2 2. Get that game face on. 3 3. Be memorable. 4 4. Own the conversation. 5 5. Plan your finances.