Real estate in Northern Cyprus

Northern Cyprus, known as the “Pearl of the Mediterranean”, is recognized as one of the five safest countries in the world; This security includes various aspects, including economic. This island is known as paradise and its official language is Turkish-Istanbul, although English is also popular due to the large presence of tourists. Nicosia, the capital and the most central city of Northern Cyprus, has attracted the attention of many tourists with its beautiful beaches and mild climate. Many people are looking to buy a property in North Cyprus, so that they can solve the problem of their place of residence and easily immigrate to this country. If you are also looking to buy a property in this country, we will continue to examine the important details of this decision.

Conditions for buying property in North Cyprus

The 10% increase in real estate prices in Northern Cyprus shows the increasing demand for real estate in this country. This price increase is applied every three months and construction projects sell out quickly. Therefore, buying a property in North Cyprus is a great investment and you should not delay it. By buying a property in this safe and beautiful country, you can earn a significant profit and start your investment today.

How to get residency in Northern Cyprus

Staying in North Cyprus is possible in several ways, which we will discuss below:

Temporary residence by buying property: To get temporary residence, you need to buy a property worth at least £80,000. You have to pay one third of the amount in cash and the rest can be divided up to 7 years. With this, you get a one-year visa in the first year, which can be extended for two years after that.
Permanent residence by purchasing a property: For this type of residence, you must purchase a property worth at least 125,000 euros. The terms of payment are the same as for temporary residence. After six years, you will receive a white permanent residence card.
Temporary residence through education: One of the most popular methods of residence, especially among young people, is educational residence. After receiving academic admission and paying the first semester’s tuition, you can get a one-year residence permit, which must be renewed every year.

Real estate prices in Northern Cyprus

Buying real estate in North Cyprus is one of the best options for those looking to invest in North Cyprus real estate due to its high security, beautiful nature, and unique investment opportunities. Property prices in Northern Cyprus are varied and depend on various factors including location, type of property, amenities, and infrastructure. In the following, we will take a closer look at the range of prices and different properties in North Cyprus.

Real estate prices in Northern Cyprus
One bedroom apartments

Prices start at around £100,000 if you’re looking for an apartment with more space and a separate bedroom. These types of apartments are usually located in modern residential complexes with facilities such as swimming pools, sports halls and green spaces. In addition, proximity to shopping centers, restaurants and other amenities are among the advantages of this type of apartments.

Two bedroom apartments

For families who need more space, two-bedroom apartments are a good option. The price of these types of apartments starts from around 135,000 pounds. These apartments usually have two bedrooms, one or two bathrooms, kitchen and living room. Also, many of these apartments have a balcony or terrace with a beautiful view of the sea or the mountains.

Independent villas and houses

For those who are looking to buy more luxurious properties with more facilities, villas and independent houses are ideal options. Prices for this type of property start at around £300,000 and may increase depending on location, size and facilities. Luxury villas usually have several bedrooms, private pool, garden and private parking. These types of properties are often located in coastal areas with beautiful views of the sea or mountain areas.

Property discounts in North Cyprus

Real estate companies in Northern Cyprus offer special discounts to attract buyers, including:

Cash discounts: By paying in cash, you can enjoy special discounts.
Home Appliances: Some companies offer home appliances such as furniture or kitchen appliances as gifts to buyers.
Paying rent until home delivery: For buyers of pre-sale properties, companies bear the rent until delivery of the unit.
Free round-trip ticket: Round-trip costs are borne by the selling company.
Employment situation in Northern Cyprus

As an attractive destination for tourists and expats, Northern Cyprus has a dynamic job market. The minimum salary in this country is about 30,000 Turkish lira, which is almost twice the average income of Turkish people. This dramatic difference in incomes makes North Cyprus an attractive destination for job seekers and investors. In the following, we will discuss more details about the employment situation in this country.

Various job opportunities

One of the main reasons that the employment situation in North Cyprus is favorable is the variety of job opportunities. Due to its special geographical location and favorable economic conditions, this country offers job opportunities in various fields. The main sectors where suitable job opportunities can be found include tourism, education, construction, information technology and financial services.

The religion of the majority of the people of Northern Cyprus

The majority of the population of Northern Cyprus are Sunni Muslims. Islam plays an important role in social life and the culture of the people of this region and many religious ceremonies and traditions are widely held in society. As centers of worship and community, mosques play an essential role in people’s daily lives, and many religious ceremonies such as Friday prayers, Ramadan, and Eid al-Fitr are held with great pomp and attendance.

However, only about two percent of the population of Northern Cyprus are Christians. This small but significant group of Christians also includes followers of the Orthodox, Catholic, and Protestant churches. Christians in North Cyprus can also easily hold their religious ceremonies and churches are considered their places of worship and gathering.

The safest investment: buying real estate in North Cyprus

However, only about two percent of the population of Northern Cyprus are Christians. This small but significant group of Christians also includes followers of the Orthodox, Catholic and Protestant churches. Christians in North Cyprus can also easily hold their religious ceremonies and churches are considered as their places of worship and gathering.

The safest investment: buying real estate in North Cyprus

If you are planning to immigrate and make a safe investment, buying a property in North Cyprus is a great option that will give you a stay in this beautiful country and also bring significant profit. The return on investment in commercial real estate in North Cyprus is also very attractive. For more information on the services of Kargar Group in Northern Cyprus, visit our services page.