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Northern Cyprus, a large island in the Mediterranean Sea, has attracted the attention of investors from all over the world in recent years due to its impressive economic growth. Investing in real estate and housing is one of the most popular fields for investors and it gives good returns. One of the benefits of buying property for people is obtaining temporary residence in this country for themselves and their families to improve their life priorities.
Due to the significant investments being made in North Cyprus, major construction companies from all over the world are also building in this country. In the continuation of this article, we are going to examine the way of activity in the field of construction in North Cyprus and the real estate construction companies in this country.
Construction in Northern Cyprus
Currently, the construction and property purchase industry in Cyprus has experienced significant growth. According to the recent laws and regulations of the North Cyprus government, permits for the construction of high-rise towers are not issued in many areas of the country, and the high-rise constructions that currently exist in North Cyprus have permits that were issued before the adoption of these laws.
Therefore, the first thing to pay attention to when buying a house in North Cyprus is choosing the area where to buy the property. Northern Cyprus has always emphasized that it should preserve its historical context and offer modern buildings and villas for tourists and immigrants.
Construction conditions in Northern Cyprus
One of the first conditions in the construction process of any country is familiarity with the laws of that country, and this also applies to North Cyprus. In the following, we will examine what are the points in construction in North Cyprus.
To build a building, two contracts must be signed; One to buy the land and the other with the construction company. These rules include verifying land ownership, registering land in the Land Registry, obtaining residential or commercial approval, obtaining necessary permits for land construction, conducting business contracts, etc. Also, each city in Cyprus has its own construction rules; For example, in each city, a virtual ceiling is defined for the number of floors of buildings so that the texture of urban architecture remains uniform.
Conditions and price of land purchase in North Cyprus
One of the first conditions in the construction process of any country is to be familiar with the laws of that country, and this also applies to North Cyprus. In the following, we will examine what are the points in construction in North Cyprus.
To build a building, two contracts must be signed; One to buy the land and the other with the construction company. These rules include verifying land ownership, registering land in the Land Registry, obtaining residential or commercial approval, obtaining necessary permits for land construction, conducting business contracts, etc. Also, each city in Cyprus has its own construction rules; For example, in each city, a virtual ceiling is defined for the number of floors of buildings so that the texture of urban architecture remains uniform.
House building costs in North Cyprus
The costs of building a house anywhere in the world are almost the same for builders and investors, and investing in North Cyprus, like anywhere else in the world, includes the costs of purchasing building materials, etc.
Construction costs are also calculated according to the opinion of the construction company and based on the size of the land, which includes the costs of excavating, materials, wiring and piping, drawing, costs of legal actions, etc. The average amount of construction for each square meter of land is estimated at 600 pounds.
Types of construction styles in North Cyprus
If you intend to immigrate to North Cyprus by buying property in this country, you should familiarize yourself with the types of houses and construction styles in this area.
The type of construction in North Cyprus is highly dependent on construction companies. Some of these companies have focused on building apartments and operate only in this field. Due to legal restrictions, these companies can only
Everything you need to know about real estate companies in North Cyprus
This new house that you want to buy in North Cyprus, you may think that you will get a better price by going directly to the office of the building companies than going to sales agents, but in fact, the opposite is true in North Cyprus! Just as travel companies can negotiate discounts with hotels and airlines, our relationships with builders and developers of residential units and villas in North Cyprus ensure that our unique offers will make the difference in your choice.
As representatives of reputable companies and manufacturers in Northern Cyprus, we represent your interests and ensure that you get the best benefit from this transaction.
We offer you the direct price of the seller company without any agency fees. And we can even get discounts for buyers to ensure that you can get your unit at a lower price than “direct correspondence” with the companies office. We arrange financial consultation between the customer and the construction company to provide the most favorable installment payment plans with the lowest interest in order to protect the interests of the buyer.
By choosing the right company for investing abroad, don’t miss the special discounts of MAN Investment Company during the transaction. If you are an investor looking for diverse residential projects and portfolios from North Cyprus builders, you can visit the residential projects section of these units to get more detailed information.
Income of real estate developers in North Cyprus
The income of manufacturing companies depends on the type of their activities as well as the profit and loss of the market that exists in each country. So far, no company in North Cyprus has suffered a loss due to the progress and development of this country, and the percentage of profit of the companies directly depends on the type of their activities and investments.
The field of civil engineering is one of the most popular fields in the field of engineering, which deals with architectural design, construction of towers, commercial complexes, and infrastructure development such as railways, road construction, bridge construction, and public construction projects.
Also, building renovation projects are also part of the subcategory of this discipline. In Cyprus, there are job opportunities in this field at both the public and private levels.
The minimum annual salary of specialists in this field varies between 25,000 liras and a maximum of 36,000 euros. The minimum salary of an ordinary worker is 18,000 liras and the minimum salary of government employees is 25,000 liras. This amount depends on education, work experience, gender, growth of national rights, etc. The interesting information that you should keep in mind is that with the passage of time and increasing work experience, the amount of basic salary will increase as a percentage.
The credibility and reputation of real estate companies in North Cyprus
To ensure the credibility and reputation of real estate companies in North Cyprus, you can check the following:
Activity history of the construction company: Does the construction company have a long and brilliant history in building and selling property in North Cyprus?
Opinions of former customers: Are former customers satisfied with the services of the manufacturing company?
Certificates and licenses of the construction company: Does the construction company have the necessary certificates and licenses to build and sell property in North Cyprus?
Timely delivery of property from property developers in North Cyprus
To ensure timely delivery of the property from the North Cyprus property developers, you can check the following:
Property delivery date: Specify the property delivery date in the contract.
Guarantee of timely delivery of the property: Ask the manufacturer to provide a written guarantee for the timely delivery of the property.
Some tips for buying property from real estate companies in North Cyprus
Ensure the credibility and reputation of the manufacturing company.
Before signing the contract, check all the details of the contract carefully.
Ask the construction company to provide a written guarantee for the construction and delivery of the property on time.
Get the help of an immigration lawyer to review the contract and provide legal advice.
In the following, we will answer a very important question about real estate construction companies in Northern Grave:
What points should you check before signing a contract to purchase a property from a property developer in North Cyprus?
Before signing a contract to purchase a property from a property developer in North Cyprus, you should check the following:
Property Details: Carefully review property details, such as property type, property size, property location, and property amenities.
Property Price: Compare the price of the property with the prices of similar properties in the area.
Payment method: Check the payment methods and payment terms carefully.
Guarantees: Ask the construction company to provide a written guarantee for the construction and delivery of the property on time.
last word
We suggest that if you intend to immigrate to North Cyprus for work or construction in North Cyprus, you must use an experienced consultant or lawyer in this country to help speed up your work and avoid legal problems. You can contact our consultants at MAN investment ltd for free.
With the help of MAN Investment LTD‘s sales consultants and experts, you can get the best price for your property and invest in this beautiful island with the confidence to pay what it’s worth – not what the owner thinks it’s worth. !
common questions
In general, it is safe to buy property from property developers in North Cyprus. However, before buying a property from any construction company, you must do the necessary research and ensure the credibility and reputation of that company. If the construction company does not fulfill its obligations, the property buyers can go to court and complain. do In these cases, the court usually supports the property buyers.
Yes, it is possible to obtain permanent residence for property buyers from real estate companies in Northern Cyprus. To obtain permanent residence, property buyers must invest at least $250,000 in North Cyprus. This investment can be in buying a property, establishing a business, or depositing in a bank.
Yes, it is possible to get a bank loan to buy property from real estate companies in North Cyprus. However, the conditions for receiving a bank loan are different in each bank. Therefore, before applying for a bank loan, you should check the conditions for obtaining a bank loan in each bank.
Yes, it is possible for Iranians to buy property in Northern Cyprus. The only condition for buying a property for Iranians is that they must be over 18 years old and have a valid passport.
In general, it is safe to buy property from property developers in North Cyprus. But, before buying a property from any construction company, you must do the necessary research and ensure the credibility and reputation of that company.
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