by Cenap Turgut 
Top 10 asked questions about North Cyprus real estate
- Is it safe to invest in North Cyprus real estate? Answer: North Cyprus is considered a safe place to invest. However, it is always recommended to seek professional real estate expert advice before making any investment decisions.
- What is the process for purchasing real estate in North Cyprus? Answer: The process for purchasing real estate in North Cyprus is similar to other countries. It is important to work with a reputable real estate agent and lawyer to guide you through the process.
- What types of properties are available in North Cyprus? Answer: There is a wide variety of properties available in North Cyprus, including apartments, villas, townhouses, and land.
- Can foreigners buy property in North Cyprus? Answer: Yes, foreigners can buy property in North Cyprus, subject to some restrictions.
- Are there any tax incentives for real estate investors in North Cyprus? Answer: Yes, North Cyprus offers tax incentives for foreign investors, including no property tax for the first 5 years of ownership and no capital gains tax for properties purchased before 2020.
- Can I get a mortgage to buy property in North Cyprus? Answer: Yes, there are options for mortgages in North Cyprus, but they can be difficult to obtain for foreigners.
- What is the cost of living like in North Cyprus? Answer: The cost of living in North Cyprus is generally lower compared to other Mediterranean destinations.
- What is the rental market like in North Cyprus? Answer: There is a growing demand for rental properties in North Cyprus, especially in the tourism industry.
- What is the quality of healthcare like in North Cyprus? Answer: The quality of healthcare in North Cyprus is generally good, with both public and private healthcare options available.
- What are the residency requirements for foreigners in North Cyprus? Answer: There are several residency options available for foreigners in North Cyprus, including long-term residency permits and citizenship through investment programs.
