Northern Cyprus is an unrecognized territory

Northern Cyprus is an unrecognized state. Despite this status, buying real estate here is profitable and safe.

Today, Northern Cyprus is recognized only by Turkey. It can be said that Türkiye has become the guarantor of Northern Cyprus. What is special about living on an island located in the Mediterranean Sea?

Firstly, housing prices here are significantly lower than in Europe. Secondly, Northern Cyprus is famous for its comfortable climate, hospitable population and picturesque nature.

When buying property in Northern Cyprus, a special system of property registration is used - Turkish and exchange title. This system guarantees owners full rights to the property and protects against potential lawsuits. Considering all the advantages of the region, this is a smart choice.

Victim of his own lands

Cyprus is an island that was divided into two parts by conflict almost 50 years ago. This division brought much pain and suffering to the locals.

One of the main problems was the issue of real estate. Many people lost their homes and lands. To solve the problem, the UN proposed a compensation plan in 2004, which involved assessing the sites and paying the affected parties.

An exchange title system has been introduced in northern Cyprus. It allows Greek Cypriots to purchase property in exchange for compensation from Turkish Cypriots in the south. The system was approved by the Northern Cypriot authorities in 1995 and by the European Court of Human Rights in 2010.

Warranty and title: what do they have in common?

There are several types of title deeds for property in Northern Cyprus. They vary in their level of security.

Turkish title was granted until 1974 to ethnic Turkish landowners. It is fully recognized by international law and is protected from claims. But there are few such plots left.

The exchange title was introduced after 1974, whereby Greek Cypriot land was transferred to Turks or foreigners in exchange for compensation in Southern Cyprus. This title is also protected by law and international agreements.

Having a Turkish or exchange title guarantees the possibility of selling the property without any problems in the future. This is important to consider when buying a property in Northern Cyprus. A reliable title is a guarantee of the protection of the right of ownership.

Today, Northern Cyprus is recognized only by Turkey, but despite its disputed status, life in this country has many advantages:

• Low cost of living and property compared to the EU. No visa required to visit the country for most countries.
• Simplified process of obtaining a residence permit and citizenship when purchasing a home.
• Favorable tax regime - no income tax, VAT or inheritance tax.
• Confidentiality of financial transactions and property ownership. No authority can obtain information about finances without your consent.
• Investment opportunities in high-end real estate near the sea.
• There is no difficulty in starting and running a business that you will love.
• Quality education and health care at reasonable prices. Schools and colleges in English.
• The modern Ercan International Airport has a capacity of up to 10 million people.
• Comfortable Mediterranean climate and ecology.

Northern Cyprus is a place with a high quality of life at an affordable price.

Investing in Northern Cyprus real estate can bring a stable income, which makes it possible to receive rental income of 8-12 % per annum.

The company, successfully operating in the Turkish market, opened its second office in Northern Cyprus. We carefully analyzed the local market and identified the need for professional real estate services.

When buying a home, especially on the secondary market, it is important to take into account all the details and consult with an experienced lawyer.

If you have any additional questions, please call +90 (549) 528 70 51. Our experts will provide qualified advice and help you choose the best property option in Northern Cyprus.