What guarantees are there for the timely completion of the housing construction?
What guarantees are there for the timely completion of the residential construction? When concluding a contract, you must read all points carefully. Guarantees (payment plan, project completion) are regulated in the real estate purchase contract, so risks are excluded. If the construction was carried out with some defects, the developer will not receive further payment […]
Are properties sold fully furnished?
Are properties sold fully furnished? All North Cyprus properties have a fitted kitchen and a wardrobe in the bedroom (or a kitchen combined in a living room). The amenities depend on the area and the residential complex. You can choose properties with both simple furnishings and high-tech features. All modern real estate complexes have double-glazed […]
Short and long term rentals in Northern Cyprus
Short and long term rentals in Northern Cyprus Short term rental in Northern Cyprus No special formalities are required for short-term rentals in Northern Cyprus. Short-term rentals in Northern Cyprus range from a week to several months. Some landlords offer daily rentals, but this type of rental is not very common in Northern Cyprus. Apartments […]
Is it safe to buy property in Northern Cyprus?
Is it safe to buy a property in Northern Cyprus? There is a lot written on the Internet about the fact that buying North Cyprus real estate is a dangerous transaction is or is not safe. Since southern Cyprus does not recognize the legality of the north, there would be arrests and even imprisonment. These are just […]
What taxes are paid in Northern Cyprus?
What taxes are paid in Northern Cyprus? Local companies pay 25% of profits. Foreign companies are taxed at 25% of income from trading or other activities in the territory of Northern Cyprus, regardless of the country of registration. Stamp tax – 0.5% of the value of the purchased property. VAT – 5% is charged for Real […]
How much are the additional costs for a property in Northern Cyprus?
How much are the additional costs for a property in Northern Cyprus? Utilities are more expensive than in the CIS countries, but much cheaper than in Europe. This is due to the higher income, quality of life and type of buildings. For almost all properties in Northern Cyprus the following additional costs apply monthly: < […]
How do I get a loan to buy a property in Northern Cyprus?
How do I get a loan to buy a property in Northern Cyprus? Any foreigner can obtain a loan for residential or commercial real estate and other Northern Cyprus real estate. All you need is a valid passport. Guarantors, income and employment certificates are not required. There is also no need to mortgage the existing […]
Is it worth buying property under construction in Northern Cyprus?
Is it worth buying property under construction in Northern Cyprus? Buying a North Cyprus property during the construction phase is advantageous for the following reasons:< /p> There is a wide range of apartments to choose from. In finished projects with furnishings, the worst properties are usually left to choose from, as the best ones are already sold […]
Rental of properties in Northern Cyprus
Rental properties in Northern Cyprus There are various options for using your property. We introduce you to different types of rental. An important issue here is the location of your property (near the sea, region). Location of properties in Northern Cyprus Where is the best place to buy? It is worth paying attention to the […]
Entry requirements for Northern Cyprus 12/20/21
Current entry requirements for Northern Cyprus / as of 12/20/21 Germany is in the Orange Zone. Vaccinated or recovered: negative PCR test result before travel in the last 72 hours Entry without quarantine If you have had Covid-19, then you need a certificate of a positive result (date) from 30-180 days, i.e. not older than […]
