Frequently Asked Questions

Today, the real estate sector stands out as one of the most stable and secure areas for investment. For those who want to invest in Northern Cyprus, the advantages are increasing every day. So, why does buying a house in Northern Cyprus offer a great opportunity?

1. Advantages of Investing in Northern Cyprus

In recent years, Northern Cyprus has become an attractive market for foreign investors. The most important advantages for those looking to buy a house in Northern Cyprus are:

• 01Affordable prices and high returns: Houses sold at more affordable prices compared to the European real estate market have the potential to gain value in the long term. When extras like sea views and integration with nature are added, the prices are well below the world average.
• 02Tax advantages: Tax rates are very favorable for those who want to invest in Northern Cyprus.
• 03Tourism sector and rental income: It is possible to earn short- and long-term rental income in regions with a high tourist influx throughout the year.
• 04Mediterranean lifestyle: With its magnificent sea, peaceful natural living areas, and modern infrastructure, Northern Cyprus is not only an investment region but also a location that enhances quality of life.

2. Buying a House in Cyprus and Choosing the Right Location

One of the most important criteria when investing in Northern Cyprus is determining the right location. In the last 10 years, the value of many regions has increased significantly. Lefke Gaziveren, in particular, attracts the interest of investors as a rising area. Its developing infrastructure, increasing number of projects, and the natural beauty of the region make it an attractive investment spot.

Due to the different types of title deeds, it is very important to pay attention to this during the purchase phase. It is quite safe to buy property with deeds known as **Turkish Title Deeds**.

3. Is Real Estate Investment in Northern Cyprus Profitable?

Along with real estate appreciation, rental income, and the tourism sector, investing in Northern Cyprus is very advantageous. Buying a house in Northern Cyprus is an investment vehicle that gains value not only today but also in the long term.

The Architectural Structures of Northern Cyprus: Where History and Modernity Meet

Northern Cyprus has a captivating appearance with its historical texture and modern architectural structures. Carrying the traces of many cultures, from the Ottomans and Venetians to the British and modern designs of today, this region stands out for its architectural diversity. If you are also thinking of making an investment in Northern Cyprus or exploring this unique island, you should definitely check out its architectural structures.

1. Traces of Ottoman and Venetian Architecture

Many historical structures in Northern Cyprus date back to the Ottoman and Venetian periods. Notable among these are:

• Selimiye Mosque (St. Sophia Cathedral): One of the most beautiful examples of Gothic architecture, built in the 13th century, it was converted into a mosque during the Ottoman period.
• Kyrenia Castle: This castle, built by the Venetians, is one of the most iconic structures in Northern Cyprus.
• Büyük Han (Great Inn): A former commercial center from the Ottoman period, it now hosts art galleries and restaurants.

2. British Era Architecture and Colonial Influences

Northern Cyprus, which was under British rule between 1878 and 1960, features the architectural characteristics of this period in many of its structures:

• Bellapais Abbey: The abbey, which bears Gothic and English influences, stands out with its unique view.
• Old English Houses: Typical English colonial houses found in Nicosia and Kyrenia, with their large gardens and stone structures, are characteristic architectural examples of the region.

3. Modern Architecture in Northern Cyprus

Today, Northern Cyprus also attracts attention with its rapidly developing modern structures. Especially luxury housing projects and smart buildings are shaping the new face of the region:

• Luxury villas and residences: Modern villas with sea views are being built in areas like Kyrenia and İskele.
• Green building concepts: Projects built with environmentally friendly materials reflect a sustainable architectural approach.

4. Traditional Cypriot Houses: Living Spaces That Preserve Their Historical Texture

The stone houses in Northern Cyprus, with their narrow streets and courtyard structures, reflect the Mediterranean spirit. Some features of these houses:

• Thick stone walls: Traditional stone structures that keep houses cool in the summer and warm in the winter.
• Courtyards and inner gardens: Open spaces that reflect the Mediterranean lifestyle.
• Wooden details: The carvings on doors, windows, and ceilings reflect the craftsmanship of the region.

5. Architectural Investment Opportunities in Northern Cyprus

Architecturally captivating structures in Northern Cyprus offer great opportunities for investors. Key points for those considering investing in the region:

• Real estate prices are affordable compared to Europe
• High rental yield in tourist areas
• Luxury housing projects and commercial real estate
• Rapidly developing infrastructure and urbanization

The Currency of Northern Cyprus: The Golden Key to Investment

The Turkish Republic of Northern Cyprus (TRNC) attracts attention not only with its deep blue sea and friendly people, but also with its investment opportunities. So how does money work here? Why does everyone talk about the British Pound when buying real estate? Let's take a tour of the economic world of Northern Cyprus!

1. The Currency in Northern Cyprus: Turkish Lira or British Pound?

The official currency of Northern Cyprus is the Turkish Lira (TRY). So you can do your daily shopping with TRY. But when it comes to big expenses, especially real estate and investments, the British Pound (GBP) comes into play. So why is that?

2. Why is the British Pound So Popular in Northern Cyprus?

• It holds its value: Since fluctuations in the Turkish Lira are common, the British Pound gives investors confidence.
• International recognition: Since the British Pound is a strong currency in Europe and around the world, it attracts foreign investors.
• The real estate sector is tied to this currency: If you want to buy, sell, or rent a house, you will most likely see the prices in British Pounds.

3. What to Consider When Investing in Northern Cyprus?

• Take precautions against currency fluctuations: If you are earning with TRY, calculate your income-expenditure balance well.
• Consider British Pound-based investments: The real estate sector, in particular, offers great opportunities in this regard.
• Take advantage of tax benefits: In Northern Cyprus, taxes are low in many sectors, and there is an investment-friendly economy.

4. The Most Profitable Areas to Invest in Northern Cyprus

• Real Estate: Villas, apartments, and commercial properties that are gaining value every day.
• Tourism: Northern Cyprus's tourism is developing every year. You can earn foreign currency by opening a small hotel or a tourism business.
• Student Investments: Due to the abundance of universities, student dormitories and rental apartments can be a serious source of income.

5. Advantages of Investing in Northern Cyprus

• Protection from loss of value thanks to British Pound-based pricing
• A constantly rising trend in the real estate sector
• Low tax rates and easy procedures
• Great potential in the fields of tourism, education, and commerce

Life in Northern Cyprus: The Hidden Paradise of the Mediterranean

The Turkish Republic of Northern Cyprus is a wonderful place to live with its deep blue sea, unique nature, and warm people. So, what is life like here? Let's get to know Northern Cyprus closely with its climate, culture, cost of living, and social life!

1. Life in Northern Cyprus: Living in Peace and Tranquility

Northern Cyprus is a perfect destination for those who want to get away from crowded cities and a stressful lifestyle. The island's calm atmosphere, warm people, and life intertwined with nature are among the most loved features by those who move here. Cities like Kyrenia, Nicosia, and Famagusta, in particular, have both modern amenities and stand out with their natural beauty.

2. Mediterranean Climate: A Happy Life Four Seasons

Northern Cyprus has a typical Mediterranean climate. Summers are hot and long, while winters are mild and short. This means you can swim in the sea and enjoy outdoor activities for a large part of the year. If you don't like rain, Northern Cyprus could be a true paradise for you!

3. Social Life: Entertainment, Culture, and Nature All in One

Northern Cyprus is a fascinating place with its historical and cultural texture. Kyrenia Castle, Bellapais Abbey, and the Salamis Ruins are historical sites worth exploring. Additionally, beach parties, music festivals, and local events add color to the island's social life.

In addition, nature sports are quite popular. Activities like diving, hiking, and camping offer great options for nature lovers.

4. Owning a Home in Northern Cyprus: Why Should You Live Here?

Northern Cyprus is an attractive place not only for investors but also for those who want to start a new life. Here are a few reasons to live here:

• British Pound-based real estate market: House prices are more affordable than in Europe and are constantly gaining value.
• Tax advantages: Investing in Northern Cyprus is more advantageous due to low taxes.
• Warm and welcoming community: When you move here, you'll feel right at home immediately.

Is Buying a House in Northern Cyprus Risky? Facts and Misconceptions

Northern Cyprus is an attractive region for investors with its deep blue sea, sunny climate, and affordable real estate market. However, many people ask the question, 'Is it risky to buy a house in Northern Cyprus?' So, is it really risky, or is it just a misconception? Let's take a look at the details together!

1. The Real Estate Market in Northern Cyprus: A Rising Value

The real estate sector in Northern Cyprus has shown great development in recent years. Modern housing projects and holiday regions are growing rapidly, especially with the interest of foreign investors. Here are some reasons why this region is so attractive:

• Affordable prices: There are much more economical housing options compared to Europe and Turkey.
• A promising investment: Housing prices are constantly rising due to the increasing number of tourists and developing infrastructure.
• Luxury living with a sea view: It is possible to own a villa or residence in Northern Cyprus at an affordable price.

2. Title Deed Status: Is There a Risk?

One of the most curious topics in Northern Cyprus is the reliability of title deeds. Here's what you need to know:

• Turkish Cypriot Title Deeds: This is the most reliable type of title deed and does not contain any legal issues.
• Equivalent Title Deeds: These are title deeds given after 1974 and are under state guarantee.
• Allocated Title Deeds: These are title deeds given by the state, and their use is safe, but detailed research should be done.

To avoid risks, you should definitely consult an expert lawyer to check the title deed!

3. Things to Consider When Buying a House in Northern Cyprus

Here are ways to minimize risks when buying a house:

• Be sure to check the title deed and municipal records.
• Visit the area and see the project in person.
• Examine the real estate contract in detail and consult a lawyer if necessary.

By doing this, you can both secure your investment and make a profitable purchase.

4. Advantages for Foreign Investors

Northern Cyprus is a very advantageous market for foreign investors. Here are the reasons:

• Tax advantages: Real estate transaction taxes in the TRNC are quite low compared to Europe.
• Low cost of living: Basic expenses such as electricity, water, and food are more economical compared to European countries.
• Developing tourism sector: It offers investors the opportunity to generate rental income in a short time.

5. Is It Logical to Buy a House in Northern Cyprus?

Buying a house in Northern Cyprus can be a highly profitable investment if you do your research correctly. If you choose a reliable title deed and meticulously follow the legal process, you can both have a great life here and own a profitable investment.

If you're thinking of investing in Northern Cyprus but are wondering how the process works and what to do, we've compiled the things you need to know, the required documents, and the payments to be made here for you.

- WHY YOU SHOULD INVEST IN CYPRUS

Northern Cyprus, which is among the first choices of investors who want to profitably turn their investments into profit, has also proven its reliability by being the 3rd country with the lowest crime rate in Europe.

Reasons such as guaranteed rental income, real estate prices, VAT rates, jobs, and education are some of the reasons why people want to buy real estate in Northern Cyprus.

Northern Cyprus, which offers holiday opportunities 365 days a year, not only offers sun and sea but also offers winter sports. Troodos ski resort, which is 35 km from Güzelyurt, a popular area for investors, is flooded with visitors who want both summer and winter tourism.

Of course, Northern Cyprus is not limited to winter sports, but it has also become the choice of golf lovers with the CMC golf club. This facility, which serves golf lovers in all seasons of the year, is located 10 km from Güzelyurt.

Advantages of Investing in Northern Cyprus

The Turkish Republic of Northern Cyprus (TRNC) is a region that attracts attention with both its natural beauty and investment opportunities. Known as the pearl of the Mediterranean, this region offers great advantages, especially for real estate and business investments. If you also want to turn your investment into a profit, get ready to discover the opportunities that Northern Cyprus offers!

1. Great Opportunities for Real Estate Investments

The real estate sector in Northern Cyprus is growing rapidly and offers attractive opportunities for investors.

• Affordable Prices: Real estate prices are much more affordable compared to Europe.
• High Return: Rental income is very high due to the dense tourist and student population.
• Luxury Villas and Residences with Sea View: Properties with a unique view of the Mediterranean are offered with modern projects.

2. Tax Advantages

• Low Property Tax: Taxes paid during real estate transactions in the TRNC are quite low compared to Europe.
• Tax Benefits for Companies: There are various incentives and low corporate tax advantages for those who will establish a new business.
• No Double Taxation: Double taxation agreements exist between the TRNC and some countries.

3. Quality of Life and Safe Environment

• Low Crime Rate: The TRNC is one of the safest regions in Europe.
• Mediterranean Climate: The number of sunny days throughout the year is quite high.
• Healthcare and Education Opportunities: There are modern hospitals and universities that provide education at international standards.

4. Tourism and Trade Potential

• Developing Hotel Industry: Luxury hotels and holiday resorts open up great earning opportunities for investors.
• Casino Tourism: The TRNC is a major center of attraction for casino tourism.
• World-Famous Beaches and Natural Beauties: Regions such as Kyrenia, Iskele, and Famagusta host thousands of tourists every year.

5. Strategic Location and Easy Transportation

• Proximity to Turkey: Regular flights and ferry services are available from Turkey to the TRNC.
• Port and Logistics Advantages: Northern Cyprus ports offer great convenience for entrepreneurs who want to do business.

If you are considering making a real estate investment in Cyprus, your job is quite easy. A residence permit is obtained for the first year after the title deed transfer, which can be renewed in other years, and you get an indefinite residence permit after the third year. If you are 65 years and older, you are entitled to an indefinite residence permit.

- Required documents for residence

• Passport and its photocopy.
• Original title deed and its photocopy.
• In case of a real estate purchase based on a sales contract (if there is no title deed), the original of the sales contract.
• Residence Certificate to be obtained from your place of residence.
• Bank account book showing that you have sufficient money without working in the TRNC.
• 2 passport photos and 6 stamps.

- Title Deed Transfer Fee

It is paid at 3% over the current market value determined by the title deed office.

- VAT (Value Added Tax)

This tax, which is only valid for properties purchased from a project, is at a rate of 5%. Remember, you do not pay VAT if you buy a second-hand apartment.

- Transformer Contribution Fee and other connections

In Cyprus, the fees for the electricity, water, internet, and telephone infrastructures drawn to the project are paid by the customers on a one-time basis. This fee, which is valid for real estate purchased from a project, just like VAT, is determined by dividing it by the total number of apartments in the project, which amounts to a total of 1500-2000 GBP per apartment.

- Stamp Duty

Within 21 days after both parties sign the sales contract, the buyer pays a stamp duty fee of 0.5%, and the contract is registered with the title deed office.

If you ask whether there is another tax to pay after the entire procedure is completed and you have received the title deed for your property, the answer is 'Yes, there is'. The 'Annual Property Tax', which is paid once a year, is priced only per square meter in the TRNC. For example, your house is an apartment worth 50 thousand GBP, and it is 110 m2. The tax is 110 TL. So, it is 1 TL per square meter.

In Cyprus, the title deed is called 'Koçan'. There are 3 known types of koçan: Turkish Koçan, Equivalent Koçan, and Allotment Koçan. The most valuable one is the Turkish Koçan.

- Turkish Koçan

It is the most valuable koçan in the Cyprus real estate sector, meaning the title deed of real estate owned before 1974, regardless of identity.

- Equivalent Koçan

It is the koçan given to Turks who migrated from the Greek Cypriot side in return for their properties there.

- Allotment Koçan

It is the koçan given to people who settled in Northern Cyprus from Turkey after 1974.

Turkish citizens only need an identity card to study at a university in Cyprus, while international students need a passport to enter Cyprus and enroll in a university. Studying in Cyprus becomes more affordable compared to many big cities when transportation is also taken into consideration.

BENEFITS

• Being a Turkish citizen provides many benefits to both investors and their families in terms of social life, financial opportunities, and ease of travel. Turkey guarantees the well-being and future of its citizens with the free health and education services it provides.
• The program also provides shortcuts for Turkish citizens to relocate in the UK and the USA under suitable special visa categories. Foreign investors can initiate the process of becoming a British citizen by settling in the UK as a useful extension of the agreements between the two countries. In addition, there is also the possibility of living in the USA by obtaining an E-2 investment visa.
• Foreign investors can purchase real estate as a residence or as a potential asset with a high possibility of investment return. Turkey has a wide range of comfortable residences and luxury seaside villas at affordable costs for all budgets. Foreign investors can also earn rental income from their real estate investments or sell them after the 3-year restriction period.

REQUIREMENTS

• There are different options and requirements to obtain Turkish citizenship.
• The easiest and fastest option is to become a Turkish citizen by purchasing a property worth $250,000.
• Those who purchase real estate such as residences, workplaces, land, etc., for at least 250,000 USD can go to the General Directorate of Land Registry and Cadastre to initiate their applications.
• The documents requested by government institutions must be prepared in accordance with the legislation.
• Following the application to the General Directorate of Land Registry and Cadastre, real estate appraisal experts check whether the purchased property is worth $250,000.
• The applicant must hold the property for at least 3 years.

You can apply for a long-term residence permit in the following situations:

1. Residing in Turkey continuously for at least eight years.

2. Having a valid health insurance.

3. If you are retired in your country or are over 45 years old and have more than 3600 days of insurance (but in this case, you must reach the retirement age).

How a foreigner can retire in Turkey:

1. If you are already retired, you need to confirm this status through your consulate.

2. Or, work for 20 years like any Turkish citizen and you will receive a Turkish pension when you turn 60.

3. Or, pay insurance for over 3600 days and wait until you turn 60.

Turkey has many beauties to offer to anyone who plans to reside in the country. While it sounds great to dream of living abroad, there are many things you need to consider before moving to a country you know nothing or have limited information about. Every decision should be personal and not a necessity.

There are serious things to consider. For example, when you move to that country, its lifestyle may not appeal to you. It is very important to take a moment and think carefully about every aspect of your decision. Once you make your move, there is no turning back. For example, state-of-the-art infrastructure, a simple procedure for obtaining a residence and work permit, and a low cost of living.

Many families from many different countries around the world move to Turkey to buy property and live in Turkey with their children. Many of these families ask many questions about Turkey and living in Turkey.