Tips for buying property in North Cyprus

Interest in North Cyprus property has been on the rise for quite some time. The region is beautiful, with wonderful sandy beaches and the exquisite mountains of Kyrenia. There are even strict rules to limit the construction of high-rise flats in order to preserve the natural beauty and allow Cyprus to retain its natural charm. With several new developments being completed and a few more on the way, there has never been a wider and better range of property available in North Cyprus, or a more perfect time to invest.

North Cyprus property is constantly becoming an active investment destination in the Mediterranean as they are turning North Cyprus into a wonderful holiday location. Despite an increase in property costs, the region is still much cheaper than Southern Cyprus, Portugal and Spain. Due to the lack of development, services in the region are still cheap. A large amount of funds is being injected into North Cyprus to expand its tourism sector to equal that of South Cyprus.

So how do you find a suitable property in North Cyprus and determine if it is right for you? Many people struggle with this problem, so here are some tips based on my experience to help you buy property in North Cyprus.

Do your research online

Once you are thinking of buying any type of property in North Cyprus or anywhere else, you should always do extensive research on all the options available online just to get started. Most North Cyprus properties have websites with the location of the development, site maps and floor plans, which is only part of the story. You will also be able to find North Cyprus property forums online, where genuine buyers compare their experiences buying from a particular development company. You’ll be able to ask questions to determine which developers are best to work with. Another thing you will also find is independent websites that provide independent reviews on North Cyprus developments.

Choose your region

Northern Cyprus is an exquisite country with many distinct areas, each with its own specific appeal. If you are buying a villa for yourself, choose the environment that you like best; Do you prefer to walk to a beautiful sandy beach or a place on the side of a mountain close to nature and with a view of the sea? Make a list of what you like best, as well as the regions that interest you, and then work your way up from there.

Take a trip to Northern Cyprus

At this level, a review inspection trip is required and can be arranged by the developer. Armed with your list of areas, you can spend your first few days simply driving around to see and feel your sights. You need to see for yourself which developments are really active with residents or which ones are empty or half finished. You should also visit local real estate agents and find out more about properties in your desired areas.

If you want to buy a property in North Cyprus that you can move into immediately, think about resale of newly completed properties. Your property must be completely complete with all utilities, minor issues resolved, and be in excellent condition. Second-hand homes are not like new-build homes; where your money is tied up for a few years with no return. Resale properties can be lived in immediately or rented once you receive the keys.

Get some pro tips

Buying any type of property is a big financial commitment, so don’t be forced into signing any contracts. Always hire your own independent attorney to advise and follow up on your behalf, get one other than one recommended by a property developer. Another important factor in purchasing property in North Cyprus is to obtain and use a qualified solicitor. A competent solicitor will look out for his best interests when buying property in North Cyprus.

Northern Cyprus is the place where two worlds meet; the old and the new, where new amenities can be accessed within minutes from ancient ruins. This region of Cyprus has a wide range of properties available for investment and includes villas, residential houses and vacation properties. These properties are in high demand from both Cypriots and international investors.