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 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.