It should be said that in the past few years, immigration through the purchase of property in Northern Cyprus has increased even more. Northern Cyprus is one of the closest countries to Iran, and because of its well-equipped universities, favorable economic situation, etc., it has become one of the most popular destinations for Iranians. Therefore, many Iranians go to this country. The country is attracted.
Due to the increase in the welfare level in this country, the ability to buy property in North Cyprus has increased and you can buy your property with the lowest and most economical amount possible. The official currency of Northern Cyprus is Lira , which is the currency used in daily transactions. Buying property in Northern Cyprus is usually in pounds . The characteristics of the original people of Northern Cyprus are written in their passports in three languages: English, Greek and Turkish, and still, from the point of view of the European Union, the territory of Cyprus belongs to Europe.
The simplicity of the process of obtaining residence in North Cyprus, as well as the lack of permanent presence of people in North Cyprus to obtain residence, has made immigrants interested in North Cyprus as a suitable country for immigration. Obtaining residence through the purchase of property and… is at your service in this way to provide you with the best advice and guidance
Conditions for buying property in North Cyprus
One of the best vacation spots around the Mediterranean Sea. But basically, most people try to make this vacation permanent and they can easily stay in this country whenever they want or settle permanently. Of course, the cost of buying property in North Cyprus is much cheaper than other countries, especially South Cyprus.
Northern Cyprus has a good geographical location; The existence of a good and Mediterranean climate, free from any pollution, as well as the low crime rate, have provided these conditions for people from most European and Scandinavian countries, especially from Iran, to choose this country as their destination.
Buying a property in North Cyprus does not require a complicated process and does not have difficult conditions. You can buy your property with a passport and a certificate of no bad background. And when you buy a property, by paying 30% of the value of your property and registering your request in the municipal association of this country, you have a one-month process ahead of you. In general, every person is allowed to buy one of these items: one unit an apartment, a villa unit or… but if he intends to buy more than these. Even though the contract becomes official, half a percent tax must be paid; It will also be mentioned in the document that this property can only be traded by this person in the registry office.
Buying a property in North Cyprus is one of the easiest ways for your loved ones to immigrate. But anyway, you are entering the territory of another country that you do not have accurate and complete information about. Do not worry, our experts are at your service to accompany you from zero to one hundred of your migration. So contact us for more information. You can also understand the conditions of this country by reading the article on migration to North Cyprus .
Steps to buy property in North Cyprus
If you have a criminal record in any country you are in, you are not allowed to buy property in this country. Also, before buying the property and in that one-month process, tests will be taken from you to determine your physical and health conditions.
1- Select the desired property
You must first choose the property you want according to your own conditions and the unit and environment you want in this country. You should also choose which city or project you want to live or invest in.
2- Advance payment
Once you have chosen your property and intend to buy it, in order for that property to be registered in your name, you must pay an amount of 1,000 to 2,000 dollar as a reservation to pay your rent within 30 to 40 working days. . It should be noted that when paying the initial 30% of the reservation amount, it will be deducted from it.
3- Property inspection
Before paying the amount, the migration experts of Melal Real Estate Agency will help you to make sure of the authenticity of your chosen property. And if there is any problem, the advance payment will be returned to your account immediately.
4- Set up the contract
The sales contract is done in the official office of the company. In this contract, all terms and conditions of property sale, property specifications, payment plan, etc. are included. Then you have between 30 and 40 days to pay the full amount or pre-payment as agreed.
According to the new property purchase law in Northern Cyprus , after signing the contract, the buyer must pay the stamp duty within 21 days and register the contract in the Real Estate Registry Office. It is worth mentioning that the stamp duty for buying property in Northern Cyprus is 0.5% of the total price of the property . The purpose of this new law is to protect the buyer’s property rights. After registering the contract in the real estate registry, the seller cannot sell the property to another person or put it under mortgage or rent.
5- Purchase permit
Non-Cypriots should refer to the Northern Cyprus Municipal Association to obtain a transfer permit. To buy a house in North Cyprus, you must apply for a purchase permit; The necessary documents to obtain a purchase permit are a photocopy of the passport and a certificate of no bad background.
6- Transfer of ownership document
When you receive the purchase permit from the municipality of North Cyprus. You have to pay property transfer tax. After that, the company transfers the ownership of the property, which is 5% of the total value of the property, to your name at the registry office.
Residence in Northern Cyprus by purchasing property
Currently, you can get your and your family’s residence by buying a residential property in cash or liquidation. If you get residence, you will benefit from the benefits of free education, free medical services, foreign currency account and legal work permit.
How to get North Cyprus residency by buying property
After paying the initial installment (30% of the property amount) and signing the contract with the builder, the transfer of the document is done by referring to the notary offices.
The cost of buying a house in Northern Cyprus
The minimum cost of buying a property in North Cyprus in Iranian currency is from 4,000,000,000 tomans.
Advantages of buying property in North Cyprus
Today, North Cyprus is one of the most important investment centers in the tourism sector for the people of the world. Many international companies have entered the tourism sector of this country so that this safe island in the Mediterranean Sea can welcome investors of all nationalities.
Buying a property is a way that many Iranian people choose to spend their holidays, retirement, and the future of their children. Buying a property in North Cyprus with a low cost of living, a relatively better income compared to other countries, indescribable peace, an attractive and lovely destination for Iranian people, and also the biggest feature that is important is security in North Cyprus . The price of the property in North Cyprus is not much different from the property in Iran, and perhaps in many areas of Iran the prices are much higher than the price of the house in North Cyprus.
Our profit from buying property
- The best prices in the North Cyprus real estate market
- Getting permanent residence
- Legal work permit
- Easy payment terms
- Annual property price growth between 8 and 12%
- Buying property as land from the European Union
- Living in one of the safest countries in the world
- Enjoying all the rights of the citizens of this country
The cost of buying a property in Northern Cyprus
The cost of buying a property in North Cyprus is much more reasonable than other countries in the region and other Mediterranean islands . This is why many expats from all over the world buy property in North Cyprus to spend their leisure time. How much should you spend to buy a property in North Cyprus? It is a general question that depends on many factors.
Many property buyers in North Cyprus usually face the challenge that the cost of buying a property and staying in North Cyprus is more than the amount that was initially announced to them. We Melal Real Estate Agency strive to keep you away from such challenges.
For this reason, we share with you all the costs and side costs of buying a property, and by reviewing the mentioned items, you can check your conditions for buying a property in North Cyprus and know all the costs before moving or buying a property. Be.
Buying property in North Cyprus is divided into two fixed and variable categories:
- Costs that depend on the value of the property purchased by you are called variable costs.
- We consider the costs that are not related to the price of your purchased property to be the fixed costs of buying a property in North Cyprus.
The best areas to buy property in Northern Cyprus
Over the centuries, one of the reasons that fueled the flames of war was the desire to conquer a suitable place to live. Therefore, Northern Cyprus has seen many wars over time. An island that has the best weather conditions, has many attractions, is the fifth safest country in the world and… all of these are reasons for the popularity of this island.
These characteristics have existed in this country since the past, and it is still possible to say based on these reasons that all the cities of North Cyprus are suitable for buying regional property, and you can know for sure that the investment will be You have done it right. But Melal Real Estate Agency will introduce you the areas that have more suitable conditions.
Long Beach Pier
The Long Beach area is not only the best area to buy real estate, but the best area to buy real estate in the entire world. This is the claim made by the American economic magazine Forbes. In an article published in February 2021 in the American Forbes magazine, 5 of the best regions in the world for investing and buying property were mentioned in order of priority. At the top of them was the waterfront area and the beautiful beach of Long Beach.
Attractive townships, reasonable prices, proximity to the beach, convenient amenities, diverse entertainments, etc. are among the features that make Long Beach the best area to buy property in North Cyprus.
Esen Tepe
Esen Tepe is a neighborhood in the east of North Cyprus, which is one of the areas recommended for buying property in North Cyprus. This area is considered a part of paradise. The clear sea, spectacular sunsets, beautiful mountains, unique sea activities and unique and spectacular views have made Esen Tepe a dream area for tourists from all over the world. Buying a property in this area can lead you to a dream life. As much fun as you can imagine.
Reasonable prices, numerous facilities, suitable environment, beautiful restaurants and golf course of this area are the attractions that attract you to buy property in this area of North Cyprus.
Famagusta
This historical city that historians believe! Leonardo da Vinci was involved in the design of its streets. It is considered one of the tourist destinations in North Cyprus, and in the past few years, it has seen significant growth in construction and has taken a significant share of the real estate market in North Cyprus.
Famagusta, which is called Magusa or Gasi Magusa in the local language. In addition to paying attention to the tourism industry, it welcomes many students from all over the world every year. The universities of this city have good facilities, so there are many applicants to buy property in this city. Buying a property in this area of North Cyprus is highly recommended for those people who are thinking of continuing their family’s education.
Kyrenia
Kyrenia is one of the most attractive tourist areas in the world. Moderate and suitable weather, countless water sports and history that can be seen in the streets of this city can be considered as the characteristics of this region. This city is full of historical places and attractions and because of these tourist attractions, it is considered one of the main destinations for property buyers in Northern Cyprus.
Throughout history and since the beginning of human life, people have tried to choose the best place to live. A place where they can live comfortably, farm, there is a river or sea around them, they are safe from natural hazards such as floods, storms, avalanches, etc., they are far away from neighbors and the evils of the times, and maybe hundreds of reasons. We have not thought about it at this time.
Of course, we are still looking for the best place to live, buying a property in North Cyprus gives you the opportunity to enjoy your life. If you still think owning a house is a dream, you can easily achieve this dream with Melal Real Estate Agency
