Real estate in Northern Cyprus attracts numerous investors and resettlers. House building is highly developed here, and you can choose almost any type of real estate at affordable prices: from a studio to a luxury villa with a pool.
Developers provide buyers with interest-free instalment payment plan. The period of instalment depends on the real estate object. On average, it is from 2 to 6 years.
When buying real estate, you do not need to confirm the source of funds.
Residence permit in Northern Cyprus can be obtained based on property ownership in less than 1 month. At the same time, a residence permit is issued for the entire family of the owner, regardless of the value of the acquired property.
What country is this? - you may ask.
The Turkish Republic of Northern Cyprus (TRNC) is located in the northern part of the island of Cyprus. In 1974 the island was divided into two parts. Greek Cypriots live in the south, and Turkish Cypriots live in the north. Northern Cyprus is a partially recognized state. It is recognized only by Turkey, but, at the same time, representative offices of the embassies of the USA, Great Britain, France, Germany, Australia, and the EU office operate here.
This is a secular state. It has its own Government and Parliament. The territory of the country is 3335 sq. km. The population is about 300,000 people.
The capital of the country is the city of Nicosia. It is the only city in the world that is the capital of two states at the same time.
Major tourist cities are Kyrenia and Famagusta. For historical reasons, all localities in Northern Cyprus have two names - Turkish and Greek.
North Cyprus has a mild Mediterranean climate with 330 sunny days a year and little rainfall. The country is famous for its magnificent sandy beaches, historical sites, elevated level of safety and security, and perfect conditions for recreation. The climate in Northern Cyprus is not just comfortable. It is healing and especially benignant for people with diseases of the upper respiratory tract, and allergies.
The beaches in the east and north are sandy, with a shallow, gentle entry into the sea. This is very convenient for families with small children. In the west of the country, the beaches are pebbly and windier. They are popular among water sports enthusiasts.
A visa is not needed to visit the TRNC. For entry, you must present a return ticket and show the place of residence in the country.