Can foreigners buy property in Northern Cyprus?
Yes, it is possible for a foreigner to go ahead and buy property available in the region. The best thing about purchasing property in Northern Cyprus is that the overall process is a hassle-free one. There aren't any special restrictions, and you just need to go ahead and buy.
Is property cheap in Northern Cyprus?
Northern 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 EU. Electric, water and council tax are relatively inexpensive making your Pound go further.
Is it easy to buy property in Northern Cyprus?
The procedure of buying a property in Northern Cyprus is not as complicated as it seems, in fact it is open and simple. Foreign citizens have the right to acquire any desired property in Northern Cyprus and there are no limitations whether buying land, villa, apartment, commercial or Investment property.
How much tax do you pay in Northern Cyprus?
All residents in Northern Cyprus are subject to pay Personal Income tax. The Personal income tax varies from 10% to 37%. The lowest personnel income tax levied in Northern Cyprus is 10%.
Is it a good time to buy property in Northern Cyprus?
Based on the dynamics of the property market in the region, the cost of housing in Northern Cyprus is set to rise. This is why we recommend our clients to buy property now while there is still an opportunity to choose good properties at a lower cost. And then, when prices rise, the properties can be sold at a profit.
Call or text to the messenger at the phone number: +90 533 883 74 84 WhatsApp/ Viber,
and we will advise you on how to purchase property in Northern Cyprus.