The benefits of buying property in northern Cyprus
Currently northern Cyprus is the most suitable place to buy a home or an apartment in terms of offering the best price for real estate in Mediterranean countries.
Property prices in some coastal areas start from 20,000 £ for an apartment and 62,000£ for a villa. Stylish and luxurious apartments and penthouses can be traded for very good conditions at a maximum price of 200,000£ and very stylish villas up to 250,000 £.
Due to the possibility of an alliance between northern Cyprus and southern Cyprus in the event of a United Nations agreement and peace, north Cyprus has considered part of the European territory of the republic of Cyprus. According to this event, the growth rate of home and property has estimated to be 2.5 to 3 times the value.
Occurrence of such an incident based on talks between the two Cypriots is an excellent opportunity for those who have purchased a property in northern part of the country.
Annual growth in property
Other benefits of buying a property in North Cyprus, Annual growth in property prices in northern Cyprus is about 5_12 %. Due to the island inertia and immigration of citizens from other countries, the demand for property is increasing every year.
Another advantage of buying a home in northern Cyprus is the simplicity of the administrative process of registering a document and obtaining a residence permit.
There is no need to set up a company to buy a property in north Cyprus and the administrative and legal process of buying property on the island is very simple.By paying 30% of the total amount, the house or any property in question will register as a client and the residency will given after maximum time of 3 weeks
Other benefits include entry into the country without having to obtain a visa in Northern Cyprus. The only thing travelers need when arriving and traveling to Northern Cyprus is a valid 6-month valid passport. Individuals will receive tourist visas of 30 to 90 days, once they arrive and will be able to extend their stay if needed.
Anyone who intends to immigrate or stay in Northern Cyprus for more than 6 months per year must apply for a residence permit, so you will need the assistance and advice of our associates to obtain residence in Northern Cyprus to take the necessary action.
A person residence is in no way subject to the permanent stay of persons in Northern Cyprus, and the buyer may exit or enter Northern Cyprus at any time. Therefore, you will simply be able to leave Northern Cyprus after renting your property annually.
After obtaining a residence permit in Northern Cyprus for a period of 5 years, you will still be entitled to a 5-year residence permit without having to live in the island.
In conclusion, Northern Cyprus is one of the safest countries in the world to live in, and according to the statistics of the World Health Organization, Cyprus ranks fifth among the smallest countries in global security and cleanliness of living environment, among all countries in the world. Lack of crime and optimum living conditions are advantages that make it desirable for everyone