A comprehensive guide to buying property in North Cyprus for foreigners

A comprehensive guide to buying property in North Cyprus for foreigners

With stunning sandy beaches, glorious historical sites and a lower cost of living than the rest of Europe, Northern Cyprus is a hidden paradise for those looking for such a lifestyle. But is buying property in North Cyprus an achievable dream for foreigners, especially Iranians?

its definitely true! North Cyprus welcomes foreign investors with open arms and has provided special conditions for foreigners to buy property in North Cyprus. This beautiful land offers countless benefits that can transform your life.

From easy residency to secure and profitable investment, buying property in North Cyprus is a window to a brighter future for foreigners. But before you prepare your bags for a sweet migration to this coastline, it is better to go with a comprehensive guide to buying property in North Cyprus for foreigners.

Procedures for buying property in North Cyprus for foreigners

Buying a property in Northern Cyprus is a relatively simple process for foreigners, but requires knowledge of legal procedures and requirements. Below are the main steps of this process:

1. Property selection:

The first step in buying a property in North Cyprus for foreigners is to choose the desired property. You can find the property you are looking for through real estate websites, real estate agencies, or by visiting in person.

2. Obtaining a purchase permit:

After choosing a property, in order to buy it as a foreigner, you need to obtain the necessary permission from the North Cyprus Real Estate Department. For this, you must submit the required documents to the relevant department and complete the relevant forms.

3. Signing the contract:

If you agree to the permit application, you can sign a purchase agreement with the property owner. In this contract, all terms and details of the transaction, including the price of the property, payment method, delivery date and other obligations of the parties must be clearly mentioned.

4. Payment of the transaction price:

After signing the contract, you must pay the price of the transaction to the owner according to the agreed terms. At this stage, it is recommended to pay through safe and legal methods such as bank transfer.

5. Document transfer:

Finally, after the full payment of the transaction price, the property deed is transferred to your name. This process is carried out at the North Cyprus Land Registry Office.

Documents required to buy property in North Cyprus for foreigners

To buy a property in Northern Cyprus for foreigners, you need the following documents:

• Valid passport
• Copy of national card
• Clearances
• Proof of financial ability
• Property documents

Additional costs of buying property in Northern Cyprus for foreigners

In addition to the transaction price, you should also consider other side costs. These costs include the following:

• Property purchase tax
• Attorney fees
• Document registration fees
• property insurance

Important points for foreigners when buying property in North Cyprus

• Before buying a property, be sure to seek advice from an experienced real estate lawyer in North Cyprus.
• Carefully check the documents related to the property and make sure of their accuracy and validity.
• Research the price of the property and find out its true value.
• Avoid paying any amount illegally or outside the scope of the contract.
• When signing the contract, read all its provisions carefully and if there is any ambiguity, ask your questions.

Kargar Consulting and Investment Company

As mentioned in the previous section, Kargar Consulting and Investment Company, with more than 14 years of brilliant experience in investing and buying property in North Cyprus, can be a reliable companion for you on this path.

Our experienced experts with full knowledge of the laws and regulations related to the purchase of property in North Cyprus for foreigners will help you in all stages. Our services include the following:

• Free advice on buying property in North Cyprus
• Introduction of properties that suit your needs and budget
• Doing things related to obtaining a purchase permit
• Setting up the purchase contract
• Follow up on document transfer matters
• Provide after-sales service

For more information and free consultation, you can visit our website at kargarinvestment.com.

In the next section, we will examine the benefits of buying property in Northern Cyprus for Iranians, as well as tips on obtaining residency in this country through the purchase of property.

Benefits of buying property in North Cyprus for Iranians

Buying a property in Northern Cyprus for Iranians has many advantages, some of which are mentioned below:

• Proximity to Iran: Northern Cyprus is close to Iran due to its geographical location, and this makes it easy for Iranians to travel to this country.
• Low cost of living: As already mentioned, the cost of living in Northern Cyprus is lower compared to other European countries. This issue can be a significant advantage for Iranians.
• Job opportunities: Due to the growing tourism industry in North Cyprus, there are many job opportunities for people with different skills in this country.
• Education: Northern Cyprus has prestigious universities with reasonable tuition fees. This issue can be attractive for families who intend to migrate.
• Security: Northern Cyprus is a safe country with a low crime rate. This issue can be important for Iranians who are looking for a safe environment to live.
• Culture: The people of North Cyprus are warm and hospitable people. This issue can help Iranians to live better in the society of this country.

Obtaining residence in Northern Cyprus through the purchase of property

One of the most attractive advantages of buying a property in North Cyprus for foreigners is the possibility of obtaining residency in this country. According to the existing laws, foreign applicants can obtain a permanent residence in Northern Cyprus by purchasing a property worth at least 300,000 euros.

Permanent residence in North Cyprus brings many benefits, including:

• The possibility of traveling freely to Northern Cyprus without the need for a visa
• Possibility to live, work and study in North Cyprus
• Having the benefits of medical and educational services
• The possibility of buying property in North Cyprus
• The possibility of obtaining the citizenship of Northern Cyprus after 5 years

Important points regarding obtaining residence in Northern Cyprus through the purchase of property

• To obtain North Cyprus residency through property purchase, you should seek the help of an experienced consultant or lawyer.
• The desired property must have a valid title deed.
• The applicant must have sufficient financial resources to cover living expenses in Northern Cyprus.
• The applicant must not have a criminal record.

In the next section, we will introduce some popular real estate projects in North Cyprus for investment, as well as answer your frequently asked questions about buying property in this country.

Popular real estate projects in North Cyprus for investment