Is North Cyprus a Good Place?
The Turkish Republic of Northern Cyprus is the third largest island in the Mediterranean region and is known for its excellent climate, warm people, diverse cultural and natural beauties. There are six districts in the TRNC, which are Nicosia, Kyrenia, Famagusta, Güzelyurt, İskele, and Lefke. With its green maquis vegetation, Cyprus is the historical and cultural center of the Mediterranean region. It gives the students an ideal environment for education with the ease of life caused by the mild weather characteristics.
How to Buy a House in North Cyprus?
The procedure of buying a property in North Cyprus is not as complicated as it seems. In fact it is open and simple. Foreign citizens have the right to acquire any desired property in North Cyprus and there are no limitations on buying a villa, apartment, commercial or an investment property. However, in the process of buying a property in North Cyprus, it is important to get familiar with the property laws of North Cyprus as well as getting in contact with a good Lawyer, whose primary interest is to protect your rights as a purchaser of a property. In this case, the entire process of acquiring a property in North Cyprus (from arriving and choosing a real estate to register the contract), does not take too much time and is not too difficult.
By purchasing a property in North Cyprus, you become the rightful owner of the property in Cyprus and you have rights to administer, in any way you wish: rent it, sell it, use it in your will, etc. The most important step is to choose the right property. A property that meets your demands and goals which has documents in accordance to North Cyprus laws, rules and regulations, regardless of what real estate you have chosen.
The first step is to agree on the price and payment terms, fill the reservation form to take the property off the market, and pay the agreed deposit, which is usually not more than £1000-2000. In a preliminary (reservation) treaty, conditions of sale, the price of the object, possible credit and payment plans, … are described.
After preliminary agreement on the price and terms of the property buying, the next step is to choose a lawyer who deals with the contract and verifies all property documents, registration and payment of taxes and necessary fees on your behalf. The power of attorney for the Lawyer you have chosen, gives him the right to continue with the whole process of buying the property on your behalf.
The lawyer verifies property’s documents for their legality, legitimacy, absence of loans, and mortgages. He draws up a contract (that can be made in English, Russian, and or Turkish) between the buyer and seller and presents the contract to the buyer for careful studying, making any amendments or adding additional requirements, if required. After registration of the general power of attorney, it is not essential for the buyer to be in the TRNC and the whole process of signing the contract can occur via the Internet or mail.
After signing a recorded contract in accordance with its terms, the payment of the real estate is made. In most cases, all payments are made through a lawyer. Our North Cyprus real estate agency offers you a number of reputable Lawyers in Northern Cyprus , with which you may consult on the purchase of a property in Cyprus. You can obtain a residence permit in Northern Cyprus after registration of the contract.