If you have decided to purchase a property on the Mediterranean coast in Northern Cyprus, it is essential to view all the options that interest you personally.
In this section, we will tell you about monthly fees payable for property maintenance in Northern Cyprus.
Taxes in Northern Cyprus are strictly governed by the law. When you buy a real estate, you pay the following taxes in stages.
Interest-free 24-month instalment payment plans.
A loan at 5% annual interest for up to 10 years without guarantors or proof of income.
Once you have selected a property, you need to hire a solicitor to represent your interests throughout the purchase process.
Dealing with administrative issues, leasing your property, finding professionals for maintaining it in your absence, etc.
Income generation is one of the reasons why people buy property, especially the one abroad. Foreign buyers have discovered Northern Cyprus for themselves, and there has been a high demand for property here for a few years.
Another reason for buying property in Northern Cyprus is getting a residence permit.
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