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Property for sale in Northern Cyprus

North Cyprus real estate offers a unique opportunity for those seeking a life in a warm climate with low crime rates. Ideal for a holiday retreat, permanent residence, or a tranquil retirement spot, this region is a magnet for tourists, boosting its property market.

North Cyprus real estate by northerncyprusforsale.com

North Cyprus real estate location

With its historic structures, seas, and other natural beauties, Northern Cyprus provides numerous opportunities for real estate investors or anyone looking for a new home. Iskele, Kyrenia (Girne), and Gazimagusa are among the best places to buy an apartment or a private property in North Cyprus.

Those looking for a vibrant city life should consider buying a property in the capital Lefkosa. However, those looking for a tranquil neighboring are best suited to places like Guzelyurt and Lefke. You can also consider the tourist harbor town of Kyrenia, which is popular for Abbey and music festivals and has many tourist facilities.

Contact us for details on the best options for your needs!
Interested in easy installment plans for your property acquisition?
We offer a 0% interest installment plan for up to 5 years on under-construction properties

Real estate type

People want to invest in a North Cyprus property for different reasons. That’s why you must determine the right property type that matches your needs and preferences. Your reasons for buying a property in North Cyprus can be for investment, residential property, or a retirement/ holiday home.

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People want to invest in a North Cyprus property for different reasons

North Cyprus real estate Prices

Most people often overspend and buy properties over the market value to get a North Cyprus apartment or villa. You need to avoid this costly mistake by doing enough research to understand the average North Cyprus property prices in the region you want.

If you’re interested in investing in real estate overseas, North Cyprus Property is worth considering. You can find a range of properties for sale there, including villas, flats, homes, and land. It’s also a great place to retire or build a vacation home due to its beautiful Mediterranean climate, stunning beaches, and rich history. North Cyprus is a highly desirable location for real estate investments.

To help new buyers understand how to budget for the buying costs, we’ve classified North Cyprus properties into three categories:

01

A pre-owned or resale property purchased from a private seller. When the title is already in the private seller’s name, and VAT (5%) is paid, the buyer doesn’t incur VAT even when furnished.

02

A pre-owned or resale property bought from a private individual but still needs to transfer the deed in their name, or it’s still pending. In that case, the government views that as a professional sale, and usually, the buyer will pay a 5% VAT, even if the seller had paid it.

03

A new under-construction or key-ready build property bought from the developer. A 5% VAT tax is due when you take possession of the property. You’ll also incur furnishing costs and purchase other equipment like air conditioning systems.

Possible Costs of Buying a North Cyprus Apartment or Villa

  • Legal Conveyancing Fees (paid upfront);
  • 0.5% Stamp Duty paid to the government (due on the transaction);
  • 5% VAT paid to the government (Payable if not paid or when due again);
  • 3 or 6% tax for transferring the property deed to your name (you can choose when to pay – 3% only applies to first purchases);
  • “Transformer fees” payable on new properties to the developers;
  • Air conditioning systems (if not included);
  • Furniture;
  • White goods (if not available).

These costs don’t include payments for site-management fees that might be due. There might also be extra costs if you take a bank mortgage or other financing options.

Northern Cyprus for Sale – An Agency Site About Real Estate in North Cyprus

Our property agency offers real estate for sale in Northern Cyprus. It is no secret that Cyprus is one of the most popular destinations for both financial investments and holidays. The beautiful sunny climate, picturesque landscapes, warm Mediterranean Sea and excellent cuisine attract a huge number of tourists, travellers and business people here. Our company’s estate agents are committed to showcasing the latest developments in property, giving clients access to the best options on the market. It must be said that property on the country has always been in high demand as the investment conditions are very attractive. In addition, the prices here are quite affordable compared to other European islands, making it attractive to a wide range of buyers looking for their ideal type of property.

North Cyprus (Turkey) is characterized by the following factors:

  • developed infrastructure, absence of crime, and a calm way of life;
  • legislation that is friendly to foreigners and significant discounts on education for non-residents;
  • magnificent beaches, untouched nature, clean air, with more than 300 days of summer a year;
  • mysterious ancient sites and a minimum of tourists;
  • the unique Mediterranean culture of a hidden piece of paradise!

Here, people buy homes for vacation, residence, and investment.

Detailed process of buying a North Cyprus property

  • Preparing your wish list
    Cyprus has a huge range of housing to choose from, each catering to different preferences and lifestyles. As a first step along the way, you need to decide on your needs and expectations. This is a necessary step in finding the most suitable property.
    Once you have prepared your wish list, you can contact our agents to discuss your options. As they have full knowledge of the local housing stock, they will find the best options to suit your needs.
  • Arranging a property viewing
    The following step involves personally visiting the estate for inspection to determine whether they fulfill your criteria. The viewing will be scheduled at your convenience.
    If traveling to Northern Cyprus is not feasible for you, we provide our online viewing service.
  • Discussing and finalizing terms
    Should you identify an appropriate property in Cyprus, the subsequent phase involves discussions with the seller. This procedure is guided by the real estate specialists at “Northern Cyprus for Sale” and your legal representative. They oversee the agreement of all sales conditions with the seller, including payment, ownership documents, and the transfer of keys.
    It’s advantageous for buyers to collaborate with a legal consultant in Cyprus. If needed, we can provide you with a roster of seasoned attorneys focused on real estate transactions.
  • Drafting and Notarizing the Contract
    Upon mutual agreement on the sale terms, it’s time to prepare the sale contract. This document will be crafted by the company’s legal team. Once signed, the contract can be notarized (see below for a comprehensive explanation of the terms and conditions).
    Meanwhile, our team will assist you in collecting the necessary paperwork for the title deed application. We recommend granting a power of attorney to the company’s attorney to streamline the document submission and registration process.
    Following the contract’s execution, funds can be transferred from an existing overseas bank account or through a newly established account in Cyprus. All financial operations, including the payment of the sale price, will be conducted through this account, a critical step in the purchasing process.
  • Applying for a Title Deed through the Council of Ministers
    All gathered documents must be presented to the Council of Ministers for approval. Prior to submission, ensure all prerequisites for property acquisition are met. The title deed (legal ownership) is expected to be issued within approximately 6-12 months. The company’s lawyer will oversee the document submission process until approval is received and will handle the signing of the registration documents at the General Department of Land Registry and Cadastre.

Congratulations, you are now the lawful property owner in Cyprus!

“Northern Cyprus for Sale” provides a comprehensive array of real estate services. Our skilled team will guide you through every step of the purchase journey.

By delegating authority through a power of attorney, you will be relieved of any inconvenience as the professional real estate agents at our company manage the entire procedure and its intricacies. Reach out to us for further details.

What documents do foreigners need when buying a property in North Cyprus?

  • An application form directed to the Ministry of Interior
  • A photocopy of your passport
  • Purchase Permit Application Form
  • A police clearance certificate from the country of residence (in Turkish or English)

FAQ

Can foreigners buy property in Northern Cyprus?
Yes, foreigners can buy property in TRNC, but there are specific restrictions. However, there are restrictions. Foreigners wishing to purchase land in Northern Cyprus are allowed to purchase one donum of land (1,338 square metres). However, it is important to note that these restrictions and regulations may vary depending on factors such as the location and purpose of the earth.
Buying properties for sale in North Cyprus is considered safe if done correctly. Housing here is freehold, meaning you have full ownership rights, including inheritance rights for your family members. It's important to be aware of potential risks such as late deed registrations, especially with off-plan property, but these can be mitigated by working with a professional real estate agents. Additionally, it's crucial to ensure all agreements, particularly deposits, are documented in a written sales contract to avoid common pitfalls. With low crime rates,Cyprus is also one of the safest places to live in the Mediterranean.
British expats in North Cyprus live in a community that enjoys a blend of British influences and local culture. The area is known for its welcoming atmosphere towards British tourists and residents, with English widely spoken. Many British expatriates are involved in local societies, including the Red Cross, the Northern Cyprus Society for the Protection of Birds and Nature, and the Kyrenia Amateur Dramatic Society. Additionally, there are English-speaking educational institutions for children, and religious services in English are available in Kyrenia and Famagusta. The British Residents Society, established in 1975, plays a significant role in supporting British expats in the area.

To live in comfort in Northern Cyprus, not to bathe in luxury, but also not to limit themselves in living expenses, you need to have an income of at least £ 300-450 per month per person.

Yes, you can view real estate remotely. Many estate agents now offering online viewing services, allowing potential buyers to explore real estate from the comfort of their own homes. This includes ours. This convenient option allows you to get a full view of the property, including detailed tours of the interior, garden plot and any other important features.