Buying property in
North Cyprus
North Cyprus
Cyprus, located in the eastern Mediterranean and the western coast of Turkey, has been a special place for traders to meet for the first time. The long and hot summers in the unique corner of the Mediterranean Sea have provided a lovely atmosphere for the immigrants and residents of this country. Of course, winters with a little rain are also one of the characteristics of this beautiful country. Cyprus is one of the small and sparsely populated countries, but economically, it is completely independent and growing. Each year, nearly 12% price growth in the North Cyprus real estate market has led to investment in North Cyprus and the purchase of property in Cyprus from different countries.
Buying property in Cyprus
Buying a property in Cyprus is one of the ways to obtain residency in this country, and we will try to introduce and increase your information about it for people who intend to immigrate or stay in Cyprus for a period of more than 6 months a year. They must apply for a residence permit. To obtain residence through the purchase of property in Cyprus, after completing the purchase process, you must take the relevant documents to the registration and tax offices and register the property under the name of the buyer or buyers. It is worth mentioning that by purchasing a property, there is no need for your permanent presence in this country, and you can stay in your country, and you can enter or leave the country when you need or want. In the same way, some people leave Cyprus after buying a property and obtaining residence and leave the house for annual rent.
House prices in Cyprus
Advantages of buying a house in Cyprus
Buying a property is the best way for people who are planning to migrate and reside independently or with their family. What is better than investing in a safe place with an independent house. Also, there are various reasons for buying property in Cyprus.
1. The possibility of the union
North Cyprus as a part of the territory of the Republic of Cyprus is considered a member of the European Union in case of peace negotiations with South Cyprus, which with very specific assessments will increase growth. Three times the price of real estate Now the price of real estate in South Cyprus two and a half times Real estate is in northern Cyprus, so this negotiation is a great chance for people who have bought a property in the northern part.
2.Annual growth of property prices
Average annual real estate in this country Five to twelve percent growth and it is mostly reserved for pre-sold and purchased properties. Also, due to the greenery of the island, the influx of many nationals and immigrants from all over the world to this country, the percentage of annual stay increases due to its attractions. tourist And Tourism Also, the attraction of immigrants is increasing, as a result, it has a direct relationship with the increase in property prices.
3. Ease of administrative process and simplicity of document registration
Unlike many countries, this country has an easier process for residence, so you don’t have to buy any kind of property You do not need to establish a company In the continuation of the legal and administrative process in these stages,
it is very easy and simple that the affairs of the case can be quickly carried forward Payment of 30% of the total cost of the property It is registered in the name of the desired person and it is immediately possible to complete the residency procedures within three weeks.
4. Easy living conditions in Cyprus
Very easy conditions have been considered for people who intend to stay in this country for a long period of more than 6 months, but they must apply for a residence permit, therefore, to obtain residence from the purchase of property, after the purchase stage, the relevant documents must be submitted to the registration offices. and register the tax and the property in the name of the intended buyer. Also, the issuance of a license does not mean the presence of the applicant in Cyprus, and the buyer can leave or enter North Cyprus at any time and for any period. In the same way, some people leave Cyprus after buying a property and obtaining residence and leave the house for annual rent.
Advantages of buying a house in Cyprus
The possibility of the union of North and South Cyprus
Easy living conditions in Cyprus
Annual growth of property prices in Cyprus
Obtaining permanent residence
Ease of administrative process and simplicity of document registration
Annual growth of property prices in Cyprus
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