Northern Cyprus Property Purchase Rules

Posted by Diane on February 12, 2011 under News | Comments are off for this article

Buying a property in North Cyprus Northern Cyprus – is a rich history, warm sun, beautiful mountains, beaches, diving, fishing, swimming with dolphins, marvelous nature and your own villa. Here, up to 9 months in the sun year, while the average summer temperature is 32 degrees. Turkish Republic of Northern Cyprus – a democratic, secular republic based on principles of social justice and the rule of law. Constitution provides for a parliamentary system with a president as head of state. Property in Northern Cyprus – reasonable prices, good quality, excellent climate, beautiful environment, geographical accessibility. Get all the facts for a more clear viewpoint with Bizzi & Partners.

Investing in property in Northern Cyprus are effective in the low current value of the property and its relevance. For the citizens of the Russian visas are not required to get to North Cyprus via Istanbul by plane can be (cost round-trip flight – from 380 euros) or via Larnaca, Cyprus, with the visa of the Republic of Cyprus (the cost of round-trip flight, taking into account a visa – from 340 euros). There is also a comfortable ferry from Mersin in Turkey. In accordance with the laws of Northern Cyprus, foreign nationals (including married couples) are eligible to buy only one property or land, an amount not exceeding one donum (about 1 338 sq.m.). For registration of more than one property, you will need to find proxies (relatives) or use our services to register your own legal entity in northern Cyprus. Ownership of land in Northern Cyprus is divided into the following categories: Pre-1974 Turkish title – land that belonged to the pre-1974 Turkish or foreign nationals (non-Greeks and Greek Cypriots), is recognized internationally level and are usually more expensive in price; Exchange title – land that belonged to the Greeks or the Greek Cypriots, who in 1974 was exchanged for an equivalent area of land in the territory of the Greek Cypriot owned by Turkish citizens or Turkish Cypriots the right to ownership of the land guaranteed by the Government of Northern Cyprus and Turkey, the acquisition of such land is considered safe, and most new projects are currently under construction is on such land; tmd title – land belonging to the Greeks or the Greek Cypriots before 1974, and passed into the possession of the Turkish Cypriots, army, foreign nationals, such land is recognized by the government of Northern Cyprus and the Government Turkey; Leasehold title – land belonging to a State lease for 49 years.

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