The good news is that as the years have passed, various new regulations have been passed which have made a sensible new property purchase in North Cyprus increasingly safe and worry-free – with no more risks with a North Cyprus property than in any other overseas property destination.
Is buying property in North Cyprus a good investment?
There are fabulous opportunities for property investors in North Cyprus, with the best performing North Cyprus property investments achieving over 10% rental return per year. We at North Cyprus International (NCI) can guide you as to the best investment properties to suit your lifestyle and your needs.
Is Northern Cyprus safe?
Despite political tensions, an often-noticeable military presence and geographic proximity to troubled areas, North Cyprus is currently perfectly safe and a vast majority of visitors will experience no problems during their visit. The political situation is somewhat tense, but not violent.
Can foreigners buy property in Northern Cyprus?
Non-nationals require a purchase permit from the government in order to buy property in Northern Cyprus, and such permits may take four to 12 months to come through. Taxes are usually payable at the end of the transaction after a purchase permit has been granted and title deeds transferred into your name.
Can Brits buy property in Northern Cyprus?
UK citizens can buy a property in Cyprus following the same rules and regulations as any other non-EU citizens. … You can stay in any of the EU member states for 3 months out of every 6 months without a visa. If you want to stay longer, you will have to apply for permission to do so.
Is it easy to buy property in Northern Cyprus?
True: New properties built on Pre-74 and Exchange Title Deed Land in North Cyprus are very safe. There are two types of land deed in North Cyprus on which most new properties are built and which are considered very safe to purchase. … These deeds are underwritten by the North Cyprus government.
Can you live in North Cyprus?
North Cyprus Residence
When entering the TRNC (the north), you are given a 90-day permission to stay visa. However, if you decide to stay longer, you must apply for a temporary residence permit as soon as possible. Until you obtain Permanent Residency, all residency visas are classed as “Temporary”.
Which is better north or south Cyprus?
The North is a little cheaper, but not much. The people is friendly in both parts of the Island. The food is more or less the same in both parts; there are more good restaurants in the South. There are good beaches (sand and pebble) in both parts.
Can you drive from south to north Cyprus?
“It is possible to travel to the north of Cyprus from the south (and back again), including via the Ledra Palace and Ledra Street checkpoints in central Nicosia where you can cross by foot. If you intend to take a hire car to the north, the main crossing in Nicosia is Agios Dometios.
Is North Cyprus expensive?
North Cyprus must be one of the least expensive places to live in the Mediterranean. It is exceptionally good value when compared to living costs in the UK. Electric, water and council tax are relatively inexpensive making your Pound go further. … Cigarettes and alcohol are also cheap in North Cyprus.
Is there inheritance tax in Northern Cyprus?
Taxation of the will
Property under 100 000 pounds sterling is not subject to taxation, the property over 100,000 is taxed at 1%. The process of transferring the property to the heir in North Cyprus takes up to 6 months if the will was made.
Is Northern Cyprus in the EU?
Northern Cyprus is legally part of the EU, but law is suspended due to north being under the control of the Turkish Republic of Northern Cyprus, which the EU does not recognise. The North uses the Turkish lira instead of the euro, although the euro circulates alongside the lira and other currencies.