Purchasing a Home in North Cyprus
To improve the efficiency of transactions at our Land Registry and Cadastre Office, an appointment system for transfer and mortgage transactions will be implemented on November 1, 2021. Appointments for transfer and mortgage transactions can be arranged on the official website of the Ministry of Interior.
There are important considerations for those making an appointment with Land Registry and Cadastre:
1- You must submit accurate and full information to the appropriate officer, both online and over the phone.
2- You must show up for your appointment at the relevant District Land Registry on the scheduled date and time. No work will be processed outside of the scheduled appointment time and date.
Many individuals dream of spending time in the sun. If you are looking for a vacation property, a place to reside or retire in the future, North Cyprus, unlike many other sun-drenched locations, is a secure and affordable place to invest in real estate.
If you have chosen to buy a home, one of the most important factors to consider is location. When you go on vacation for a few weeks in the summer, all you want to do is relax by the pool and eat at local restaurants. Your needs may change if you want to reside on the island or visit for several months each year. When choosing a place, take into account nearby facilities such as shops, hospitals, and cinemas, as well as areas with organized activities such as dance, pottery lessons, bowling, or cards circles, where you can meet new people and make friends. Consider commuting times if you plan to work; places like as Kyrenia and Nicosia have traffic challenges during peak commuting periods.
It is worth taking some time before you start looking for a home to think about the sort of neighborhood you want to live in, as this will help you narrow down your search to places and property types that are right for you. If you are familiar with North Cyprus, you might already know where you want to reside, but if you have not visited before, it is worth spending some time on the island to get a feel for it. There are other factors to consider when purchasing a property.
Do you wish to live in a housing complex with a lot of other foreigners? Several developers in North Cyprus are building houses in more rural areas. These are popular with European foreigners – Near Kyrenia and Famagusta, there are other major complexes that are more popular with Turkish residents and employees.
Do you want to live in a quiet region around mountains or another rural area? There are numerous alternatives with sites in the hills above Kyrenia or farther afield if you want to live in a traditional property within a rural community.
Do you want to live in a city or near a city with amenities such as hospitals, dentists, movies, and shops? Do you wish to reside in a location like İskele or Famagusta, which has a mix of expat and local homes on small developments? These sites benefit from proximity to amenities while being only a few kilometers from the unspoiled countryside.
Living in a rural village might be a wonderful experience if you don’t mind long commutes; but, if you need to be close to a hospital, a position closer to one of the larger towns may be more ideal.
Consider whether a large complex with multiple properties used mostly as vacation homes will be acceptable when many of the facilities close down in the winter if you want to live here year-round. Whether you want to buy a home for investment purposes, there are various options available, depending on whether you want to rent it out for a short or long period of time or if you want to raise the value of your home.
After you have chosen a location, think about the sort of property you will need. Your requirements may vary depending on whether you are looking for a vacation house, a retirement home, or a location to live and work. Making a list of your property requirements and deciding which are essential and which are desired is a smart idea. When you assess your property requirements, there is some important issue to consider.
Budget – Set a limit on how much you can spend and stick to it. North Cyprus property prices are negotiable, but be realistic about how much a seller would accept. Include other costs involved with buying a home, such as taxes, which can range from 5% to 6%.
Apartments are normally less expensive than villas and bungalows, however, penthouses and luxury apartments may be equally priced. If you only intend to use your property for a few months each year, an apartment or villa with shared facilities maintained by a management company may be a good option, since you can certain that your property’s surroundings will be taken care of while you are away. If you are retiring, having someone take care of your surroundings may allow you to spend more time relaxing. Gardening, on the other hand, is a gratifying and relaxing hobby. Bungalows are a popular solution for folks who have difficulty moving about.
Swimming Pool – Having your own pool is a dream come true for many individuals, but keep in mind the maintenance costs. Small private swimming pools cost roughly £60 per month to maintain, with upkeep and repair charges thrown in for good measure. Pools in North Cyprus are normally kept in good working condition all year, so you pay these charges even when you are not using the pool. Because the expenditures and upkeep are shared, a shared pool in a small complex may be more cost-efficient. Consider a house without a pool instead; the sea is nearby, and many people prefer to swim in it.
Garden/Landscape – Because land in Cyprus is relatively cheap, you may prefer a property with a lot of space. However, due to rising land costs, the possibilities for purchasing a new property with big tracts of land have reduced drastically in recent years. As a result, the majority of new homes are constructed on moderately small plots. The distance between detached houses must be at least 2 meters. If you want a house with a large garden, you will either have to buy an older house or buy land and pay a contractor to design and construct you a custom home.
Consider the work required to maintain a large garden if you pick a property with one. If you buy a holiday home with a large garden, you will need to hire a gardener all year to maintain it in your absence. Maintaining a garden may be a delightful activity if you are purchasing a home with the intention of retiring.
Historically, communal areas around flats and villa complexes have been neglected since the management of communal areas was poorly handled and many tenants fail to pay. This is changing; developers are now required to maintain communal areas in apartment complexes for two years after the development has been completed, after which they must make arrangements for an appropriate maintenance solution. Occupants of apartments are now required by law to pay maintenance fees, and they can be charged to court and forced to pay in the case of a breach. As a result, rather than the prior ad hoc arrangements between tenants, professional Property Maintenance Companies are progressively taking over maintenance of apartment blocks/complexes. Consider the maintenance of common area and maintenance agreements while visiting a home in an apartment building or complex with shared maintenance.
Sun and Shade — Cyprus is hot, especially in the summer months of July and August, so finding shade is essential. Consider whether your home has both shaded and sunny areas, as this is vital in Northern European countries. In the winter, a sunny aspect will help keep your home warm and save reduce the costs of heating.
Garage/Car Port/Off-Street Parking — providing shade for your car in the summer is quite important; if the house you are looking at does not have a garage or a car port, is there a suitable place where you might install one later? Because the expenses of constructing a modest auto port are cheap, you may easily add this feature later.
How many and what kind of reception rooms do you need? Many properties feature open-plan (American style) living rooms, which are wide and airy in the spring and fall but may be costly to heat and cool in the winter and summer. Consider if the home will be simple to heat or cool if you want to reside in Cyprus all year.
Bathrooms and number of bedrooms – Friends from other countries are likely to pay you a visit if you reside in North Cyprus. Consider how frequently you will have visitors and what amenities they will demand. In North Cyprus, new residences are rapidly adopting the current trend of having en-suite bathrooms in the majority of rooms. If you just need one or two bathrooms, an older home may be the best option.
If you have children or have relatives and friends who routinely visit you with children, consider the suitability of the property for children. Child safety rules are not as strict in North Cyprus as they are in other European countries. In addition, pets may be prohibited in some apartments.