Apartment 3+1 in a quiet neighborhood in the suburbs of Kyrenia
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Apartment 3+1 in a quiet neighborhood in the suburbs of Kyrenia
Apartment 2+1 in a quiet neighborhood in the suburbs of Kyrenia
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Villa 2 + 1 by the sea in a new complex in Lapta
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Today, the real estate market of Northern Cyprus is the most attractive both for investors in construction and for potential buyers. The cost of villas and apartments here is quite low compared to Europe, and the level of service and quality of life are quite consistent with the highest demands of buyers.
Apartments in Northern Cyprus can be purchased with minimal effort and time, our company will prepare all the necessary documentation and you will only have to sign a contract of sale.
Northern Cyprus is an ideal climate and more than affordable prices for real estate, the demand for which is growing every year. Today, buying an apartment in Northern Cyprus means making profitable investments in liquid real estate on the Mediterranean coast.
The real estate market here is relatively young, but experts predict it to grow rapidly: the sale of real estate in Northern Cyprus is already catching up with the sale of apartments and villas in Southern Cyprus. You can become one of the lucky ones today by making a profitable purchase with the help of our company.
Our messenger will select the best real estate option for you
If you are looking for a secluded corner of Europe suitable for a comfortable stay, or you are choosing ways to invest your own funds profitably, we offer you to purchase real estate in Northern Cyprus.
In comparison with villas and cottages located in neighboring countries, real estate in Northern Cyprus pleasantly impresses with its affordable cost and the duration of interest-free installments.
With INEX Investment, the acquisition of real estate in Northern Cyprus becomes a simple and pleasant process!
Our company completely removes the headache of the assimilation process in Northern Cyprus from our company’s clients.
The large list of client support includes: Transaction management, legal assistance, a full package of documents, registration of a residence permit in Northern Cyprus and much more!
To obtain a residence permit in Northern Cyprus, it is enough just to buy a property.
And the cost of the object does not matter!
This document makes it possible to live in Northern Cyprus without any restrictions.
The period for obtaining a residence permit with INEX is 21 days.
North Cyprus differs advantageously from Turkey and South Cyprus in two main parameters when it comes to choosing real estate:
Undoubtedly, some real estate registration processes can be handled by yourself. However, it is more logical to turn to professionals. Being in a new country for the first time, you will spend a lot of time understanding local legislation, and possibly money if you fall into the wrong hands.
North Cyprus is absolutely not interested in the origin of your funds.
According to TRNC laws, a foreigner can only purchase one real estate property. The land registry office may register several properties in your name, but you will only receive permission to own one property.
For foreigners in Northern Cyprus, purchasing property from a developer through the interest-free installment program is very advantageous, as it does not require proof of income, co-borrowers, or additional bureaucratic procedures. The only document you will need to complete the transaction is a foreign passport.
At the same time, you will have the opportunity to choose a payment plan, make individual amendments to the installment agreement, and have absolute confidence in conducting the transaction. Interest-free installments are available for any primary property.
A bank mortgage loan is issued only for finished real estate with a condition to pay 50% of its market value and is issued at 6% per annum.
To apply for a mortgage, you need to provide proof of income, as well as undergo a number of other procedures (property appraisal, co-borrowers' involvement, etc.). Unfortunately, borrowers in Northern Cyprus do not have the option of early repayment of the interest-free loan.
One of the most frequent questions from our clients is about the conditions of permanent residence on the island and the process of obtaining a residence permit. On October 23, 2019, amendments to the immigration law came into force in Northern Cyprus, which regulate the entry, stay, and exit of foreigners from the country. Foreign citizens who own local real estate and who want to stay in the TRNC for more than 90 days or longer than the period provided by a visa must apply for a residence permit if they do not have any other permission to stay in the country. A residence permit is issued for a period of 1 year with the possibility of extension for the same period within the first 3 years, and then for a period of 2 years provided that the relevant documents on property ownership in Northern Cyprus are available. To obtain a residence permit, the following documents must be submitted to the local branch of the immigration police:
• Original passport and photocopies of pages with the owner's photograph and entry stamp;
• Documents proving ownership of real estate in original and photocopies (if the necessary documents have not yet been received, then the original purchase and sale agreement and a photocopy);
• Certificate of residence from the Muhtar (village headman);
• Documents from a local bank confirming the availability of the necessary amount on the account for each family member (minimum wage TL8,600 (about 465 euros) multiplied by 12 months);
• 2 passport-sized photographs;
• Appropriate state fees.
A mandatory condition for obtaining a residence permit is to pass a medical examination for HIV, hepatitis, and tuberculosis. This is because the island strictly monitors the prevention of the spread of these complex diseases. The cost of tests is about 30 euros.
According to the new regulation, people of retirement age who have reached 60 years old must obtain a residence permit. However, it is issued immediately for 2 years.
Children under 18 years old require simplified registration.
Short-term residence permits are also available for students, trainees, and foreigners undergoing professional training.
There are 5 classic ways to transfer money to North Cyprus:
All controversial issues related to the purchase of real estate in Cyprus are related to land issues.
In 2010, with the support of the UN and the European Court of Human Rights, the TRNC Land Commission was created.
This commission is empowered to consider land issues of Greek and Turkish Cypriots, carry out land exchanges, calculate and pay compensation.
Together with the Land Commission, the TRNC government has established a process for transferring property ownership.
Land documents have been brought into a unified format, all transactions are protected by the TRNC government and supported by international law through the Land Commission.
Land has been divided into different types of titles based on their origin and type of ownership.
There are several types of property ownership (titles) in Northern Cyprus, but the safest for foreigners to purchase are Turkish and exchange titles.
Our company offers properties with these titles.
Many of our clients forget that when buying property in Northern Cyprus, there are also additional fees, so-called "hidden costs when buying property abroad." Below you can see the complete list of taxes and expenses for registering property in Northern Cyprus.
Our manager will select the best property option for you
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