Property North Cyprus

About North Cyprus

North Cyprus Property Buyer’s Guide

The majority of people who come to Northern Cyprus to purchase property are not big time property investors savvy with the ins and outs of international real estate markets; they are people just like you and me who dream of owning a beautiful villa or apartment in the sun.

Therefore it’s essential to spread the word about the property buying experience in Northern Cyprus so that those who have yet to buy know exactly what to expect. This article is a quick run down of the buying process and some tips about where to find more information.

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Buying a Holiday Home in Northern Cyprus

Because the price of property in Northern Cyprus is so competitive when you compare like for like across the Mediterranean region and because the entire real estate sector is gaining strength and momentum in the TRNC, many more people are considering buying a holiday home in Northern Cyprus now than at any other time before.

The obvious investment potential is also another strong factor drawing property investors to consider TRNC’s real estate market, but because buying a home overseas can be quite a daunting process with many unknowns, a language barrier and a great deal having to be left to trust, here are our top ten tips to help you buy abroad successfully.

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Properties for Sale in North Cyprus

With such a bewildering array of properties for sale in North Cyprus advertised in the papers and on the internet each week, how can a buyer seeking an investment opportunity or a new home truly determine whether they’re comparing like for like and getting quality and value for money?

As anyone who’s visited Northern Cyprus or who resides here already knows it’s neither a case of comparing properties by location nor simply comparing prices - oh no, the process is a lot more complicated than that! So, here’s our guide to the successful navigation of the real estate market in TRNC for anyone seeking properties for sale here.

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Is It Safe To Buy Property In Northern Cyprus?

Anyone who considers the obvious benefits of the property market in North Cyprus will always come to the point where they ask themselves “is it safe to buy property in Northern Cyprus?” And the answer to this question is a simple one - “yes!”

There has been a lot of misleading information in the media lately that would have you believe all land and property in Northern Cyprus is potentially subject to a legal claim and that is quite simply NOT the case - this article explains the situation fully.

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North Cyprus Property

First time visitors to Cyprus often fall in love with this romantic Mediterranean island and dream of one day retiring to the island or buying a second home here.

If you too are considering buying a house or a holiday home in North Cyprus what can you expect from property on the island?

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Buying Property Off Plan

Because the property market in Northern Cyprus is emerging and beginning to boom it is enjoying intense investor interest.

This focus has been intensifying over the last 5 years and as investor confidence grows in North Cyprus, so the property prices begin to rise.

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Investment Property in Northern Cyprus

The property market in Northern Cyprus has gone from strength to strength over the last five years and has reached a critical point today where confidence in the market is stable, making the annual gains sustainable.

This means that the real estate market now forms a strong part of the country’s economy and the government are keen to attract and support those looking to invest in property in North Cyprus.

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Types of Property Available

Because the property market in Northern Cyprus is young and fairly undiscovered there are a wealth of opportunities available here for property investors, those looking for a holiday home in the sun as well as those seeking to up sticks and move lock stock and barrel to this beautiful island.

The years between 1974 and 2004 were hard for the Turkish Cypriot people as they lived with embargoes and no political recognition, but the years were kind to the face of Cyprus and meant that much of the land, buildings and scenery has remained unchanged, untouched and unspoilt.

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The Property Buying Process

From the outside the property buying process in Northern Cyprus can seem a little complicated and even daunting. This is partly due to the various different types of title deed that can be attached to land or a house and partly because the system differs a little from that in other European countries with purchase permissions needed to own property in North Cyprus for example.

However, first appearances can be deceptive because with a little explanation and some clear guidance the buying process needn’t be difficult, and in many cases it is swift, smooth and quite a bit easier and cheaper than the processes in other countries!

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Estate Agents in North Cyprus

There are around 150 - 160 registered estate agencies in Northern Cyprus meaning that those in search of an agent to represent their needs should have a wealth of choice.

But with choice can come confusion, after all, what is there to differentiate between the good estate agents in North Cyprus and the not so good?

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Mortgages in Northern Cyprus

Northern Cyprus has a reputation as a cash buyer’s island where only those with a sizeable disposable lump sum can secure their dream Mediterranean home.

While this may once have been the case, nowadays thanks to the development and maturity of the property market in TRNC there are banks, estate agents and developers lining up to assist financially with property purchase on the island.

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Title Deeds in Northern Cyprus

Northern Cyprus is moving closer towards worldwide recognition and acceptance each month and as it moves closer, so the property market in North Cyprus develops, matures and heats up as confidence in it grows.

Most real estate investors are fully aware that the situation that exists currently with houses on the South of the island priced at least 50% higher than those in the North cannot last. House prices in the North are set to come into line with those in the Republic of Cyprus, house prices in the South themselves are continuing to rise year on year as well.