Turkish Cyprus Guide
Benefits of Investing In Cyprus
Benefits of Investing In Cyprus Efficient Banking and other Professional Services The Cypriot banking system is properly designed for ease of doing business. Cyprus has a very organized banking system that consistently takes care of the diverse needs of individuals as well as companies. Also, there is a large pool of professional and highly skilled, and educated professionals who are willing to
Is it worth to invest in Cyprus?
Is it worth to invest in Cyprus? Cyprus has branded itself as a country where real value is created through the nurturing of creative ideas. This feature has made Cyprus home for entrepreneurs and all investors looking for growth and access to the European marketplace. Cyprus is a perfect choice when it comes to starting up all kinds of small and large scales companies.
Who Can Buy Property in Cyprus?
Who Can Buy Property in Cyprus? The process of purchasing a property in Cyprus is relatively simple, in comparison to other European countries. All foreigners can buy property in Cyprus, there are no restrictions, as long as the correct documentation is supplied, and the applicant does not have a criminal record. All non-Cypriots need to apply to the Council of Ministers for permission to buy property,
Why North Cyprus?
Why North Cyprus? Why North Cyprus? – Invest in Green, Blue and Sun! Cyprus, the third largest island of the Mediterranean, attracts domestic and foreign tourists as well as investors. With the increasing number of hotels, tourims, real estate investments and opende universities in the Turkish Republic of Nothern Cyprus in recent years, the number of those who want to invest in North Cyprus
First Steps
The rules and procedures when buying properties differ a little from those in your home country, but are very straightforward. Just like in many other parts of the world, you hire a lawyer who handles the formal, such as contract, registration and law enforcement.
Inspection Trips
Inspection Trips Cyprus must be seen and experienced! If you are looking to buy property abroad, we recommend you to go on with our inspection trip to get to know the atmosphere and see the country for real.Our inspection trips are non-binding and there are no “must buy” on these tours. We want to show this wonderful island and let you choose whether to
Expenses Involved in buying property in North Cyprus
Expenses Involved in buying property in North Cyprus There is some difference in the cost of a property purchase in northern Cyprus (Turkish Cyprus) and southern Cyprus (Greek Cyprus). This is because southern Cyprus has been an EU country since 2004 and the tax system is adapted to the European Union. VAT, Value Added Tax (VAT) 5% VAT is usually paid when we deliver
Mortgage from a Cypriot Bank
Mortgage from a Cypriot Bank Fortunately for those who are looking to move to Cyprus permanently, mortgages are widely available across the island. However, most will find that the process isn’t always a simple one – but this doesn’t mean that you won’t be able to get the house of your dreams. How to apply for a mortgage from a bank Residents and foreigners
The Economy Of North Cyprus
The Economy Of North Cyprus The economy of Northern Cyprus (the Turkish Republic of Northern Cyprus—TRNC) is dominated by the services sector (69% of GDP in 2007), which includes the public sector, trade, tourism and education. Industry (light manufacturing) contributes 22% of GDP and agriculture 9%. The economy operates on a free-market basis, with a significant portion of administration costs funded by Turkey. The
Investment Property Market in North Cyprus
Investment Property Market in North Cyprus North Cyprus is Europe’s newest “hot spot” in property investment. Several thousand foreigners have now invested in North Cyprus, and more and more are getting their eyes on this amazing place. There is strong demand for properties in north Cyprus and prices rise by 5-10% annually depending on region, location and standard. The large regions of Kyrenia
Rental Management
Rental Management Let us guide you through and assist with achieving the highest return on investment for your future property in North Cyprus. There are two recommended scenarios to follow; The primary and preferred scenario is to rent the property as a vacation holiday apartment for people from all over the world. There are several options such as AirBnB, Booking, Expedia, Trivago and even
Communal Purchase Opportunities
Communal Purchase Opportunities While owning a second home means a luxury for many others, a sharing of the property is accessible for everyone. Partial ownership allows you to share a holiday home or apartment with a larger group of friends or acquaintances. This means that a holiday home is purchased by a group, so most members know each other. If you want to
Off Plan Investment Properties In Cyprus
Off Plan Investment Properties In Cyprus Cyprus, the Mediterranean island, is fast turning into a haven for property investors because of its inviting climate and serene locales. Initially, foreign tourists would flock to the resorts and avail of the holiday packages they offered. Of late, however, holidaying crowds are showing a preference for private apartments and villas. This together with the slackening of legal
Cypriot Real Estate Market Forecast for 2021
Cypriot Real Estate Market Forecast for 2021 Cyprus’ macroeconomic performance throughout 2021 will remain under pressure, with downward annual variations in several indicators influenced by the ongoing pandemic. However, when the health side improves, so will the economy, both on the demand and supply side. According to the latest real estate outlook publications by the European Commission, the Cyprus economy is expected to
Is it safe to buy property in Cyprus?
Is it safe to buy property in Cyprus? ALTHOUGH changes to the law in recent years have helped to reduce the risks when buying property in Cyprus, significant problems still remain in cases where properties are purchased for which no Title Deed has been issued. Where no Title Deed has been issued for a property being purchased, depositing the sale agreement at a
