The cost of buying a property in Northern Cyprus

Regarding the cost of buying a property in North Cyprus, I must say that it depends on several different factors. These factors include the age of the building, geographical location, city and proximity to the beach and sea. As a result, you can buy a property in North Cyprus for between £45,000 and £450,000.

Comprehensive guide to Northern Cyprus

In the table below, the sample prices of the cost of buying a property in North Cyprus are given. These prices are valid as of early 2024. We also try to keep the information up to date. If you want to get the price list of all projects, you can send a message to our support.

How much does it cost to buy a property in North Cyprus?

Additional costs of buying property in North Cyprus

The additional costs of buying a property in North Cyprus are also important. These costs include 5% of the property price as tax and 200 liras for issuing the land ownership document. It can be said that these costs have a direct impact on the cost of buying a property in North Cyprus. These costs are described in more detail below:

• Stamp cancellation fee at the land registry office
• Tax fee at the time of document delivery
• The cost of transferring the document from the seller to the buyer at the time of signing the contract
• The cost of branching, which depends on the project, will be paid before the delivery of the key

Installment purchase of property in Northern Cyprus

It is possible to pay in installments for the purchase of property in North Cyprus, and it is possible to pay attention to different projects, with installments ranging from 1 to 7 years. Many people finance their installments by renting the property to others, that is, they buy the property and then rent it out.

Due to the variety available, real estate companies usually consider various offers and discounts for buyers. These discounts can include cash discounts, home furniture, free property rental until delivery and free round trip tickets.

Finally, we should note that the offers related to the purchase of a car in this field are usually not regular and rarely happen. Finally, we should note that the offers related to the purchase of a car in this field are usually not regular and rarely happen.

After buying the property, there are also steps to obtain residency in North Cyprus. These steps include going to the Ministry of Internal Affairs, confirming the documents and taking the relevant tests. At the end, you will receive your temporary residence by paying taxes and health insurance.

Installment purchase conditions for property purchase in North Cyprus

• 30% advance payment
• Pay installments in 80 months without interest
• Breathe in payment
• How to pay installments: 2 months, 3 months or even 6 months

Property price growth in Northern Cyprus

In conclusion, I can say that the growth of the cost of buying a property in Northern Cyprus in 2024 depends on the geographical location and other factors. The highest price growth has been observed in the Long Beach area and we have experienced different increases in other areas as well. The emphasis to invest in buying property in North Cyprus in 2024 is statistically pointing to increase, and this increase is due to several reasons. One of the most important reasons is the country’s increasing progress in the tourism industry and economic growth. Northern Cyprus has many attractions for tourists and investors with its beautiful natural scenery, lovely beaches, and many tourist facilities.

Other reasons for the increase in property investment in this country include diverse residential facilities, the value of coastal areas, and incredible offers in the field of buying, selling, and renting houses. Many Iranians decide to invest in real estate and valuable properties in North Cyprus to use this opportunity to earn money and make successful investments.

It is clear that the absence of banking restrictions for Iranians who buy property in Northern Cyprus is one of the attractions of this country for investors. This possibility allows Iranian investors to easily manage their finances in this country.

Due to these and other available opportunities, investors are buying property in order to invest in North Cyprus and benefit from the attractive areas of this country.

Types of properties available in North Cyprus

One important thing about the cost of buying property in North Cyprus is that, in the world of real estate, property means tangible and intangible assets owned by individuals or companies, including land, buildings and other assets. There are different types of real estate, each with its own characteristics and benefits.

Residential real estate includes houses and apartments that can be rented or purchased. Commercial real estate includes office buildings, warehouses, and retail stores. In the field of industrial property, there are factories and industrial complexes. Agricultural properties also include farms and ranches and agricultural land. And finally, recreational properties include vacation homes, resorts, and places for recreation and relaxation.

Buying property in North Cyprus

Regarding the cost of buying property in North Cyprus, the price of properties depends on several factors. Factors such as geographic location, available amenities, and physical condition of the property can be influential. It should be noted that prices may change in the future.

It is important to keep in mind that a property with the same conditions in the same project may have different prices. For proper investment, under construction units with less physical development may be more suitable. Also, the city where you want to buy the property is also influential. The facilities in the city and local factors can affect the prices.

For example, the city of Famagusta, with its characteristics, may have lower prices but its facilities may also be more limited. It is better to make a decision before buying a property in any city, and for better observation and evaluation, it is better to go to the desired place in person before buying.

It should also be noted that in different projects, different units are offered at different prices and installments. Based on your budget and needs, you may find a suitable unit for you.

Online purchase of property in North Cyprus

Finally, in the cost of buying property in North Cyprus, online facilities are also available. You can learn about properties online with the help of our experts, get related files and information, and even see a picture of the property you want. This method is suitable for people who intend to buy property from afar.

There are various facilities and conditions available to purchase a property in North Cyprus, but in any case, with care and attention to detail, you can make the right choice.”

House prices in Northern Cyprus

The price of property in North Cyprus really depends on many things, including the geographical location, the type of property (apartment, villa, etc.), the amenities of the property, and the state of the property market at the time of purchase. Also, exchange rate changes can also have an effect. These things cause the variety of prices in North Cyprus.

These things cause the variety of prices in North Cyprus. For example, beach and tourist towns tend to have higher prices than smaller towns or rural areas. Also, the specific characteristics of each property such as the number of rooms, modern facilities, proximity to the sea and other factors also have an effect. The cost of living in North Cyprus is also very low, and this has increased the demand for buying a house in North Cyprus.

Buying a cheap house in North Cyprus

Buying a home at a reasonable price can be an attractive option for people on a tight budget or those looking to invest in a property market with reasonable growth potential. But as you mentioned, buying cheap property comes with its own pros and cons. Here are some tips for buying a cheap house in North Cyprus:

Determining the area: As you mentioned, North Cyprus has different areas with varying property values. Before buying, decide in which area you want to buy property. If you are only looking to invest and rent a property, an area outside the cities or less popular areas may be a good option.

Realtor: Using the services of an experienced realtor can help you find the right property for your budget. They can accompany you through the various stages of the purchase and provide vital information about the property market.

Financing: Before starting the cost process of buying a property in North Cyprus, check what financing options are available to you. This includes a cash payment, a mortgage, or a combination thereof. It is important to check the interest rate and repayment terms carefully.

Duties and taxes: Before buying, consult with a real estate agent or lawyer to find out what duties and taxes you have to pay. Various costs such as property taxes and legal fees may enter into the transaction.

Commitment to Research: Gather accurate and complete information about the property and area you are interested in. Know the legal history of the property, the condition of the building, and the administrative costs.

Market Analysis: Carefully analyze the property market in North Cyprus. Demand and supply, price fluctuations, and attention to development projects in the area can influence your decision.

Price growth: If you are only looking for a low-priced property, you should note that the price growth of cheap properties may be lower than that of properties in investment areas. In other words, you may expect to get less from your investment in the future.

By paying attention to the above and with the help of a reputable real estate consultant, you can successfully buy cheap property in North Cyprus and take advantage of this investment opportunity.

House price in North Cyprus in Iranian currency

Because the real estate market situation may change, it may not be possible to accurately convert prices to Tomans. For more detailed information and property price updates in North Cyprus, you can contact the real estate advisory office in North Cyprus or visit the websites related to the property market in North Cyprus.

Also, you may need to convert currency to get the prices in Iranian currency. In this case, you must calculate with the valid exchange rate of the day.

Obtaining permanent residence and citizenship card in North Cyprus

To obtain a permanent residence and citizenship card in Northern Cyprus, you need to go through some steps. First, you start by buying a property and getting a one-year temporary residence. After this deadline, you can apply for a two-year residency and in the third year you can get another two-year residency.

Therefore, you can apply for permanent residence after spending five years with the condition of not leaving Cyprus for more than 45 days. By obtaining a permanent residence and meeting certain conditions, you can also receive a Northern Cyprus citizenship card, which gives you more opportunities in the country.

Although immigrating to North Cyprus may have differences with the citizens of this country, but by receiving a permanent residence and citizenship card, you can live a more comfortable life.

If you have a child during your stay in North Cyprus, she will be protected by the country and will have the right to receive a North Cyprus visa in the future. She can also take advantage of free education in North Cyprus universities and pay lower fees than other foreign students.

Buying a property in Northern Cyprus to own nobles and estates

Buying a property in North Cyprus also leads to the possession of nobles and properties, and this means the eternity of the property to you and your heirs. This advantage is one of the privileges of buying property in this country.

Also, there are regulations and restrictions on real estate that are defined to protect the rights of property owners and tenants. These regulations ensure that your property is safe and secure.

In addition, other people’s opinions and experiences about buying property in North Cyprus can also help you make a better decision. Immigrating and buying property in a new country is an important decision and detailed information and experiences of others can be a good guide.

Conditions for buying property in North Cyprus

The conditions for buying property in North Cyprus can be important for people who plan to buy property in this country. In the following, the main conditions for buying property in North Cyprus will be explained:

• Legal age for the buyer

To buy a property in North Cyprus, the age of the buyer does not matter. But to sell the property, people must be at least 18 years old or sell the property as a person who has legal representation.

• Passport

To buy a property in Northern Cyprus, you need a passport. Passport is used as proof of identification and verification of your identity in this transaction.

• Property purchase cost

The cost of buying a property in North Cyprus varies depending on the location, type of property, and its features. In general, properties start at a minimum of £90,000. You should keep in mind that this cost may increase with other costs such as taxes and real estate attorney.

• No bad criminal record and infectious diseases

To buy a property in North Cyprus, you need to provide a certificate of no bad background from the country of origin (Iran in this case). You must also have a medical health certificate that shows that you do not have any infectious diseases. These health issues are considered very important and are influential for the flexibility of the North Cyprus government in granting residence and purchasing property.

By following these terms and detailed information about your transaction, you can purchase property in North Cyprus and manage your North Cyprus property purchase cost. It is also recommended to consult with reputable real estate consultants and lawyers in the purchase process to ensure that the transaction is done correctly and in compliance with local laws and regulations.

Documents required to register a property purchase permit in Northern Cyprus

Personal Information Form: You must complete and submit your personal information form. This form usually includes your information and information about the property you are looking for.

Letter Submitted for Application to the Ministry of Interior of Northern Cyprus: You must submit an official letter to the Ministry of Interior of Northern Cyprus stating your request to purchase your property and explaining the reasons and objectives of your purchase.

Copy of the ownership document: You must provide a copy of the ownership document of your desired property. This document must be verified and show the legal ownership of the property.

Official translation of the certificate of no bad background: You must have a certificate of no bad background from Iran or the country where you live and provide its official translation along with the original documents. This certificate shows that you do not have a bad criminal record and that you are not legally in trouble.

Please note that the conditions and documents required to register a property purchase permit in North Cyprus may change, so it is suggested that you contact a lawyer or a reputable real estate consultant in North Cyprus to receive up-to-date and accurate information on this matter. Follow the required steps correctly.

Important tips for real estate transactions in Northern Cyprus

Buying property in North Cyprus can be a complicated transaction and the tips you have provided are very helpful and vital. Below I will mention some other important points that you should keep in mind when buying property in North Cyprus:

Reputable real estate consultant: Choosing a reliable and skilled real estate consultant is very important. She can guide you in choosing the right property, legal transactions, and ownership documents.

Legal Review: Property laws and regulations may be updated or changed from time to time. Therefore, you should definitely have a lawyer or a skilled legal advisor to help you with legal matters and make sure that all the documents are properly organized.

Ownership document: The type of ownership document is important. Make sure the document is registered in your name and avoid any legal problems.

Property status: Check the condition and year of construction of the property. Buying a new property may be recommended due to its better build quality and longer lifespan.

Property location: The location of the property is also important. Access to amenities is important, and the value of your property can increase if it is also close to the beach and sea.

Number of rooms: The number of rooms in the property is important, especially if you are planning to move to Northern Cyprus. According to immigration laws, there must be one bedroom for each child over the age of 18.

Budget: Search for the right property based on your budget. There are properties in North Cyprus at different prices, so choose according to your budget.

Villa: If you are looking for a house with luxury facilities and a sea view, you may consider buying a villa. Villas are mainly located in coastal areas and offer many facilities.

Research: Detailed research on the area, laws, and property market in North Cyprus is important. Work with a skilled real estate consultant to make the best decisions.

Important tips for buying property in North Cyprus Cooperation with real estate and legal professionals will help you to make your transaction with more confidence.

Important points of buying property in North Cyprus

I agree that you need to be careful and have enough information when buying a property in North Cyprus. The points you have provided are very important and helpful. In the following, I will point out other tips for optimal use of property purchase in North Cyprus:

Commit to Research: Before making any decision, do your research carefully and gather enough information about the property and area you are interested in. This research may include the local property market, property laws, and future property values.

Region diversity: North Cyprus has different regions with different climate, nature, and attractions. Check which area is the best choice for your needs, then find the right property in that area.

Skilled real estate consultant: Using the services of a skilled and experienced real estate consultant can help you find the best property according to your priorities and budget.

Pay attention to legal details: Legal matters such as contracts, title deeds, and property taxes are very important. Make sure that all legal issues are resolved correctly and that you have enough information.

Check the condition of the property: Make sure that the physical and structural condition of the property is good. Check if it needs repairs or renovations.

Property management: If you have a plan to rent a property, a real estate consultant can help you manage the property and prepare a suitable lease for you.

Attention to financial issues: Before making a deal, it is important to get financing and choose the best financing options. Pay attention to issues such as interest rates and terms of financial facilities.

Immigration arrangements: If you plan to immigrate to Northern Cyprus, familiarize yourself with the immigration laws and residency requirements and make the necessary arrangements.

By following these tips and cooperating with expert advisors, you can properly manage the cost of buying a property in North Cyprus and optimize your investment.

last word

Today, North Cyprus is a paradise for investors and families to invest, buy a house, live and educate their children. company MAN investment ltd By taking advantage of our capabilities, knowledge and expertise in the field of immigration, investment and property purchase, it can be a good advice for you dear ones. In terms of the cost of buying a property in North Cyprus, let us know because your opinion is valuable to us.

common questions

What is the investment profit and the cost of buying a property in North Cyprus?

Buying property in North Cyprus is very profitable and due to the good future of this country, it will definitely grow a lot and currently it has an average growth of 15%.

Is it possible to get residence and passport of this country by buying a property in North Cyprus?

One of the ways to immigrate and obtain residence in North Cyprus is to buy a property in this country, and you can find residence for yourself and your family members by buying a property in North Cyprus.

How much does it cost to buy a property in North Cyprus, for example, a 50-meter apartment?

On average, a 50-meter apartment suitable for living and investing in Cyprus costs 100,000 pounds.

Is it safe enough to buy property in North Cyprus and invest in this country?

Buying real estate in Northern Cyprus and investing in this country is of great interest to Iranians and European citizens because of high security, very low taxes, non-interference in political issues and ease of residence rules for the high immigration acceptability of this country, due to the small population of natives. The high economic growth of North Cyprus and finally investors from countries such as Sweden, Germany, Russia, Turkey, England and the Middle East have been welcomed.

What are the statistics of buying property in North Cyprus in 2023?

According to statistics, the number of people who are investing in buying property in North Cyprus in 2023 is increasing.

What documents are required to buy a property in North Cyprus?

To buy a house in Northern Cyprus, only the original passport is required.

Is it possible to obtain residence in Northern Cyprus by buying a property?

Yes; Currently, by purchasing a property in Northern Cyprus, you can first obtain temporary residence for 5 years and finally obtain permanent residence in this country.

Is it possible to obtain North Cyprus residency for the family after buying the property?

According to the laws of Northern Cyprus, with the purchase of each property, only one residence is granted to the owner, but after receiving this residence, you can also receive residence for your family members and first-degree relatives.

Is the process of buying property in North Cyprus complicated and long?

Currently, the rules for buying property in North Cyprus are simpler and faster than in many European countries as well as Turkey.

Is it possible to pay the cost of buying a property in Northern Cyprus in installments?

Yes, many projects in North Cyprus have provided good conditions for installments of property purchase in North Cyprus, you can make the most of this unique opportunity.