Everything you need to know about buying property in Northern Cyprus
Pre-sale units (ready in 1 year): 30% prepayment + 20% till getting the key + 50% 60 non-interest installments
Ready units: 50% when delivering the key + 50% 60 non-interest installments
Per 6 months
0.5% stamp and seal of government
5% taxes (payment to the government)
3% cost of title documentation registration
£1000-2500 cost of meter and divisions
Studio: from £42000
1-bedroom: from £55000
2-bedroom: from £64000
Villa: from £100000
Each individual can open a bank account in any currency within one day of registration of the contract.
Studio: from £55000
1+1: from £72000
1+2: from £82000
Villa: from £150000
It has 300 sunny days and an enjoyable Mediterranean climate.
The world’s fifth safest country, with exceptional security.
The official language is Turkish, However the English is spoken by 90% of the population.
The time it takes to get a residence permit is four working days after the contract is registered. For both ready and pre-purchase units, the terms are the same.
Residence for 1 individual or a couple: a suite at least
Residence for a family of three: 1-bedroom unit at least
Residence for a family of four or more: 2-bedroom unit at least
Annual residency permits are granted for up to 4 years and can be converted to permanent residency after the fourth year.
Studio: £200-300 per month
1+1: £300-350 per month
1+2: £350-450 per month
Villa: more than £500 per month
The price difference between each unit is determined by a variety of elements, including the project, cleanliness, equipment, view, floor, and facilities.
The above prices can be increased by up to two times if you rent on a daily basis.
The prices are relatively similar to those in Turkey, and they are significantly less expensive than similar countries and European countries.
Hundreds of international, private, and public English courses are provided in Northern Cyprus, ranging from preschool to university.
Anyone who has received all four vaccine doses and has a negative PCR test within 72 hours can travel to Northern Cyprus without being quarantined.
Those who haven’t been vaccinated should be isolated at home for five days. A negative PCR test is also required.
If you are interested in purchasing, you can view your selected units via Whatsapp video call and reserve your unit at $1000 for one month after making your selection. Then make a prepayment. The online purchase process is identical to in-person, and you will be there at all times through video call.
If you make a reservation or prepayment, you can exchange your unit for a smaller or larger one at any time without incurring any additional charges, as stated in your contract.
Five major kitchen appliances (oven, hood, stove, large refrigerator, and washing machine)
Air conditioners in numbers of bedrooms and living room
Payment for a round-trip ticket
It is worth noting that Ornest Group is available in Northern Cyprus to assist you with services such as six days of free stay, free city and airport transfers, city tours and acquaintance with Northern Cyprus, shopping trips, and so on.
InTime Investment Company, established under MS’22764, specializes in investing and purchasing real estate in Northern Cyprus. With more than 15 years of experience in this sector, we are ready to give services to you