North Cyprus properties are very affordable and profitable for investors from abroad. Those who examine the Cyprus real estate ads and housing projects already see this difference. Seeing its unique nature and cheap housing prices, the first thing investors do is to research about purchase progress.
In this article, we will share the details of Northern Cyprus purchase progress. And we’ll walk you through this process step by step.
Research About North Cyprus
Northern Cyprus may be the island of your dreams, maybe not. There are two ways to know this. On-site inspection and research.
Even if you come and see it sometimes, you may not be able to master everything in that short time. But the internet offers us unlimited access opportunity. That’s why it is important to do research on many topics such as Northern Cyprus, life in Northern Cyprus, Cyprus properties. Even research about the company you will work with, the housing project you are planning to buy …
As Kıbrıs Emlak Merkezi (KEM), the first and only real estate news and ad portal in Cyprus, we offer you a wide range of information in this area. You can review our titles. If you have any questions, you can always contact us.
North Cyprus Property
You can easily reach Cyprus houses on the internet. Many companies publish their real estate on the internet through their own websites or ad sites.
Here are a few things to consider. The first of these is price. Sometimes the same advertisement is placed on similar sites with different prices. Unfortunately, this is an act of deceiving the investor. So be sure to check the price.
Check out the advertised companies. Is there really such a company, does it have such a product? Ask these…
If you are going to buy a second hand home, the condition of the property is important. If you are considering a zero project, be sure to clarify the delivery date and delivery details of the project. You should also know that the price you agreed upon while buying a house in Northern Cyprus is not all-inclusive. Because on top of the amount spoken to buy a house, the cost of the purchases and some extra taxes are included. You can think of an average of 10 percent more on the price of the house you will buy … Since this is a standard practice in Northern Cyprus, sometimes companies that make sales forget to share with the investor.
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TRNC Tittle Deeds
It may be interesting to you, but the deeds are varied in Northern Cyprus houses. Generally, every country’s title deed is unique. But there are three types of title deeds in the TRNC.
- Turkish Tittle Deed – Pre74
- Exchange Tittle Deed
- TMD
Until a few years ago, the difference between title deeds was reflected in the price. There is not much difference anymore. But if you ask the best, the most reliable, Turkish title deed is in first place, exchange title two, TMD three…
Before making a purchase, be sure to ask your real estate agency or construction company the type of cob. Unfortunately, we sometimes hear that places with allocation titles are sold as Turkish titles. For safe shopping, it is important to ask and question lots of questions.
And one more warning about this. More than the type of title deed, the status of the title deed is of great importance for the investor. If you are buying second hand housing, you must take the title deed immediately. It is very important that there is no mortgage on the deed. If you are buying new housing, you have to annotate the deed with your contract. You can also get lawyer support to manage this process.
Solicitors in North Cyprus
Considering that you are coming to a new country you do not know much, professional and impartial support is important.
Therefore, we recommend that you get the service of a good lawyer / solicitor, other than the real estate agency or construction company you will shop with.
If you are buying a second-hand house, you are buying the house by seeing it. The deed process is usually handled quickly. But if you are going to buy a new housing project, you will have a timetable to extend, such as the project’s delivery process, content and title deed transfer. Thanks to the professional attorney support you will receive, you will sign a contract with the firm from which you will buy the real estate, in accordance with the TRNC laws. This also protects you in the event of a possible mishap.
NOTE: Since there is only a “ceasefire”, not a peace agreement between Northern Cyprus and Southern Cyprus, foreigners from places close to the military units in the TRNC cannot own a house. This is a ban imposed for security reasons. If the house you buy is at the border of the military zone, even if you pay for it, you will not be deed. This is one of the issues that you will clarify in the first place with the support of a lawyer.
One more note… We explained the importance of this much attorney support, please make sure that the lawyer you choose is not a real estate agent. Unfortunately, there has been an increase in the number of lawyers working in real estate recently. If you choose a more neutral name, you will be the winner.
Residence Permit in North Cyprus
You bought your house, the title deed was released… Then you can apply for a residence permit in Northern Cyprus.
The place to contact is the TRNC Ministry of Interior. Generally, real estate agents / construction companies or lawyers you work with help you in this process. Residence permits are renewed every year.
Frequently Asked Questions About North Cyprus Properties
As Kıbrıs Emlak Merkezi, we receive instant questions from our visitors. Users who enter our question – answer page ask the questions they are curious about, and our experts respond to them.
There is a wider archive than the frequently asked questions about Cyprus properties.
QUESTION – ANSWER
If you wish, you can review our Question – Answer page or read the Invest in Cyprus tab for topics such as Cyprus citizenship, opening a company in Cyprus and Cyprus inspection trip.
