In addition GBP, it is possible to pay in US dollars or Euro. When buying, a recalculation will be made at the exchange rate. It is also possible to buy if your capital is in cryptocurrencies.
The country has an autonomous political governance. It has completely independent legislation, i.e., Northern Cyprus is not part of the Republic of Turkey, and Turkish laws do not apply. The government is completely focused on prioritizing the development of the economy and transforming the country as one of the best destinations, both for tourism and for permanent residence for people from all over the world.
Northern Cyprus is an non-EU area, which has become a huge bonus and a new perspective hub for buying and selling property abroad. One of the reasons for this is the low property tax – 1 sq.m. = BGN 0.35.
Rarely in the world can you find a safer and more peaceful place for a comfortable stay of citizens from different countries. According to official statistics, Northern Cyprus is the country with the lowest crime rate for countries with a population of up to 5 million.
No! Every one is welcome.
Upon purchase of a property and getting an address registration, a residence permit is issued, which is renewed every year. The procedure takes 21 days.
From an economic point of view, the annual growth in property value and the average annual rent are among the highest in Europe and the Middle East. But Northern Cyprus still has beautiful nature, warm climate, unique history and culture, hospitality and wonderful cuisine, an atmosphere that is a feast for the senses and an affordable standard. With all these features, Northern Cyprus is the choice of over 100,000 young people from around the world who receive their higher education on the island.
Projects of all types are built. Largecity buildings, villas, gated communities, near and on the beach.
Yes, Management is offered in two options – with a fixed return and with a floating one depending on the specific option chosen by the client. You will receive detailed information about this in a comprehensive consultation.
Those with foreign licenses are permitted to drive for a period of three months, after which a local (TRNC) driving license must be applied for.
As property prices in North Cyprus become more affordable, real estate experts anticipate a significant uptick in property purchases in the foreseeable future. If you’re considering turning your dream of owning a home in North Cyprus into reality, the right moment is now.
For prospective buyers, deciding between investing in an off-plan or a ready-to-move-in property can be challenging. Here’s a breakdown to assist you in making this decision:
Off-Plan Properties:
An off-plan property in North Cyprus is one that is currently under construction and not yet considered a fully built structure. When you opt for an off-plan property, you typically make payments in installments until it is completed and ready for occupancy. This choice allows you to personalize your property and be involved in the construction process from inception.
Advantages of Investing in Off-Plan Properties in North Cyprus:
● Lower Initial Price
● Potential for Capital Appreciation
● Opportunity for Property Flipping
● Tax Benefits
● Ability to Choose Preferred Units
● Flexible Payment Plans
● Protection via Escrow Law
Challenges of Off-Plan Property:
● Waiting Period Until Completion
● Relying on Renderings and Show Unit References for Purchase
● Infrastructure Readiness Depends on Location
● Limited Availability of Mortgages
Returns:
● Assured Capital Appreciation from 1 month after purchase until completion, up to 50%
● Rental returns upon completion range between 10% to 15% Ready Properties:
Conversely, a ready property is fully constructed and ready for immediate occupancy. To secure a ready property, you need to make the full payment upfront and fulfill all legal obligations. This option offers the convenience of moving in without any further waiting.
Advantages of Investing in Ready Properties in North Cyprus:
● Immediate Potential for Rental Returns
● Property is Ready for Immediate Use
● Mortgage Availability
Challenges of Ready Property:
● Higher Initial Prices
● Older Structures Returns:
● Rental returns range between 8% to 15%
● Potential for Capital Appreciation over the long term
Every real estate investment choice comes with its own set of pros and cons. Understanding your buyer profile and the type of property that aligns with your needs is crucial.
If you need immediate housing, ready properties are the ideal choice. However, if your goal is to rent out or sell the property for potential profit, off-plan properties offer promising prospects.
1. Karpaz Gate Marina: Located on the northern coast. near the Karpaz Peninsula, Karpaz Gate Marina is a modern marina offering berthing facilities for yachts and boats of various sizes. It is known for its scenic surroundings and high-quality amenities.
2. Kyrenia Marina (Girne Marina): Situated in the historic town of Kyrenia (Girne), Kyrenia Marina is a popular destination for boaters and tourists. It offers berths for both private yachts and commercial vessels, along with restaurants, shops, and other recreational facilities.
3. Port Cyprium Marina: Port Cyprium Marinais located in the city of Famagusta (Gazimağusa) on the eastern coast of North Cyprus. It provides berthing services and facilities for boat owners, as well as access to nearby attractions and amenities.
These marinas contribute to North Cyprus’s appeal as a maritime destination and provide essential services for boaters and marine enthusiasts. It’s worth noting that there may be additional smaller marinas or docking facilities along the coast with plans to build multiple more by 2027, but these three are among the most prominent and well-known.
North Cyprus has several golf courses, catering to both residents and tourists who enjoy the sport. Here are some notable golf courses in North Cyprus:
1. Korineum Golf & Beach Resort: Located near Esentepe, this 18-hole championship golf course offers stunning views of the Mediterranean Sea and the Besparmak (Five Finger) Mountain range. The course is designed to international standards and provides a challenging yet enjoyable experience for golfers of all skill levels.
2.CMC Golf Club: Situated in the Çatalköy area near Kyrenia(Girne), CMC Golf Club features a 9-hole golf course surrounded by picturesque landscapes. The club offers a relaxed atmosphere and welcomes players of all abilities.
3.The Cyprus Golf Club: Located in the Alsancak region near Kyrenia(Girne), The Cyprus Golf Club offers a scenic 18-hole golf course set amidst olive and carob trees. The course provides a unique playing experience with its natural terrain and challenging layout.
These golf courses in North Cyprus provide opportunities for enthusiasts to enjoy the sport in beautiful surroundings. Additionally, they often offer facilities such as golf academies, driving ranges, pro shops, and dining options to enhance the overall experience for visitors.
Yes, North Cyprus is generally considered to be pet-friendly, with many accommodations, public spaces, and services welcoming pets. However, it’s essential to keep in mind a few factors regarding pet ownership and regulations in North Cyprus:
1. Accommodations: Some hotels, guest houses, and rental properties in North Cyprus allow pets, but it’s always best to check with the specific establishment beforehand to ensure that they are pet-friendly and to inquire about any restrictions or additional fees.
2.Public Spaces: Many public parks and outdoor are as in North Cyprus are pet-friendly, allowing people to walk their dogs or spend time with their pets. However, it’s crucial to clean up after your pet and keep them on a leash where required.
3.Veterinary Services: North Cyprus has veterinary clinics and pet services available to care for your furry companions. It’s essential to ensure that your pet’s vaccinations and paperwork are up to date, especially if you are traveling to North Cyprus with your pet.
4.Pet Transportation: If you’re traveling to North Cyprus with your pet, you’ll need to check the requirements for pet transportation, including any necessary documentation, airline regulations, and quarantine rules.
5.Regulations: Like many countries, North Cyprus has regulations regarding pet ownership, including licensing and vaccination requirements. It’s essential to familiarize yourself with these regulations to ensure that you comply with the law and provide the best care for your pet.
Overall, while North Cyprus is generally pet-friendly, it’s essential to be mindful of local regulations and respectful of others when bringing your pet to public spaces or accommodations. With proper planning and consideration, you and your pet can enjoy all that North Cyprus has to offer.
North Cyprus offers a variety of shopping destinations, including malls and shopping centers, where visitors and residents can find a wide range of retail outlets, dining options, and entertainment facilities. Some of the prominent malls in North Cyprus include:
1.City mall: Located in the capital city of Nicosia(Lefkoşa), City mall is one of the largest shopping centers in North Cyprus. It features a diverse selection of shops, including international brands, fashion boutiques, electronics stores, and supermarkets, as well as restaurants, cafes, and a cinema complex.
2.Dereboyu Avenue: This bustling commercial street in Nicosia (Lefkoşa) is lined with shops, boutiques, and department stores offering a variety of goods, including clothing, accessories, home furnishings, and more. It’s a popular shopping destination for both locals and visitors alike.
3.Lemar Center: Situated in the Girne (Kyrenia) area, Lemar Center is a modern shopping complex that includes a supermarket, clothing stores, electronics outlets, and a food court. It offers a convenient shopping experience for residents and tourists in the region.
4.Dereboyu Shopping Center: An others hopping center located on Dereboyu Avenue in Nicosia (Lefkoşa), this complex houses a range of shops and boutiques, as well as cafes, restaurants, and entertainment venues.
5. Karakum Square: Located in the Karakum area near Girne (Kyrenia), Karakum Square is a popular shopping and leisure destination featuring a mix of shops, cafes, and restaurants, as well as outdoor seating areas and entertainment facilities.
These offering a diverse array of retail options and leisure activities for shoppers to enjoy.
North Cyprus offers a vibrant nightlife scene, with a variety of bars, clubs, restaurants, and entertainment venues catering to locals and tourists alike. Here are some highlights of the nightlife in North Cyprus:
1.Girne (Kyrenia) Harbour: Girne Harbour is abustling hub of activity, especiallyin the evenings. Along the waterfront, you’ll find numerous bars, cafes, and
restaurants offering stunning views of the harbor and the surrounding medieval castle. It’s a popular spot for enjoying drinks, live music, and socializing with friends.
2.Bar Street: Located in the heart of Girne (Kyrenia), Bar Street is alively striplined with bars, clubs, and pubs that come alive after dark. It’s a favorite destination for partygoers looking to dance the night away and enjoy a vibrant atmosphere.
3.Nicosia (Lefkoşa) Old Town: The historic Old Town of Nicosia comes alive at night, with charming cafes, trendy bars, and stylish restaurants tucked away in its narrow streets and alleyways. It’s a great place to experience the local nightlife scene and soak up the city’s cultural ambiance.
4.Beach Clubs: Along the coast of North Cyprus, you’ll find several beach club sand seaside bars where you can relax, unwind, and enjoy cocktails or refreshments while overlooking the Mediterranean Sea. Many beach clubs also host special events, live music performances, and DJ sets during the summer months.
5.Casino Nights: North Cyprus is home to several casinos offering arange of gaming options, live entertainment, and dining experiences. Whether you’re into blackjack, roulette, or slot machines, you’ll find plenty of excitement and thrills at the casinos in North Cyprus.
6.Cultural Events: Through out the year, North Cyprus hosts various cultural festivals, music concerts, and special events that add to the nightlife experience. From traditional folk performances to contemporary music festivals, there’s always something happening to entertain locals and visitors alike.
Overall, the nightlife in North Cyprus offers something for everyone, whether you’re looking for a laid-back evening by the sea or a lively night out on the town. With its diverse range of venues and entertainment options, North Cyprus promises memorable nights for those seeking fun and excitement after dark.
North Cyprus offers a variety of sports and recreational activities for residents and visitors to enjoy. Here are some popular sports and outdoor pursuits in North Cyprus:
1. Water Sports: With its stunning coastline along the Mediterranean Sea, North Cyprus provides excellent opportunities for water sports enthusiasts. Activities such as
swimming, snorkeling, scuba diving, windsurfing, and sailing are popular along the coast,
with many beaches offering rental equipment and lessons for beginners.
2. Hiking and Trekking: North Cyprus is blessed with beautiful natural landscapes, including
mountains, forests, and nature reserves, making it ideal for hiking and trekking adventures. Trails such as the Five Finger Mountain Trail (Beşparmak Dağları), Buffavento Castle Trail, and Karpaz Peninsula Trail offer scenic routes for hikers of all levels.
3. Golf: Golf enthusiasts can enjoy the scenic courses in North Cyprus, including the Korineum Golf & Beach Resort near Esentepe. This 18-hole championship course offers stunning views of the Mediterranean Sea and challenges players with its well-designed layout.
4. Cycling: Cycling is a popular activity in North Cyprus, with routes ranging from leisurely coastal rides to challenging mountain trails. Cyclists can explore the countryside, visit historical sites, and enjoy the scenic beauty of the island while cycling on designated paths and roads.
5. Horseback Riding: North Cyprus offers horse riding opportunities for both beginners and experienced riders. Several equestrian centers and ranches provide horseback riding lessons, guided tours, and trail rides through picturesque landscapes.
6. Tennis and Squash: Tennis and squash facilities are available at various sports clubs, resorts, and hotels across North Cyprus. Players can enjoy matches, tournaments, and coaching sessions on well-maintained courts with scenic views.
7. Football (Soccer): Football is a widely popular sport in North Cyprus, with many local teams competing in leagues and tournaments throughout the year. Visitors can watch matches at stadiums or join in friendly games at local parks and pitches.
8. Fitness and Gym Facilities: North Cyprus has numerous fitness centers and gyms equipped with modern facilities for workouts, classes, and personal training sessions. Visitors can stay active and maintain their fitness routines during their stay in North Cyprus.
Overall, North Cyprus offers a diverse range of sports and outdoor activities for enthusiasts of all ages and interests, providing ample opportunities to stay active and enjoy the natural beauty of the island.
North Cyprus boasts a vibrant culinary scene with a wide array of restaurants offering delicious cuisine ranging from traditional Cypriot dishes to international flavors. Here are some of the best restaurants in North Cyprus:
1.Kybele Restaurant (Girne): Located in the heart of Girne (Kyrenia) near the harbor, Kybele Restaurant offers a charming setting with a courtyard garden and serves exquisite Mediterranean and Turkish cuisine. Diners can enjoy dishes such as meze platters, grilled meats, and seafood specialties.
2.Arch way Restaurant (Girne): Situated with in the historic walls of Girne Castle, Archway Restaurant offers panoramic views of the harbor and serves authentic Cypriot cuisine. The restaurant’s traditional atmosphere and hearty dishes, including grilled kebabs, meze, and fresh salads, make it a favorite among locals and tourists alike.
3.Sarayönü Meyhane (Nicosia): Located in the heart of Nicosia’s (Lefkoşa) old town, Sarayönü Meyhane is a charming meyhane (traditional Turkish tavern) serving delicious meze, grilled meats, and seafood dishes. Diners can enjoy a lively atmosphere and live music performances while savoring traditional Cypriot flavors.
4.Joya Bar & Bistro (Bellapais): Nestled in the picture sque village of Bellapais near Girne (Kyrenia), Joya Bar & Bistro offers a relaxed dining experience with panoramic views of the surrounding mountains and sea. The restaurant serves a variety of international dishes, including pasta, salads, burgers, and seafood, using fresh and locally sourced ingredients.
5.Levant Restaurant (Famagusta): Located in the historic walled city of Famagusta (Gazimağusa), Levant Restaurant offers an elegant dining experience with a focus on Mediterranean and Middle Eastern cuisine. Diners can enjoy dishes such as grilled meats, mezze platters, and traditional Cypriot delicacies in a charming courtyard setting.
6.Ambiance Restaurant (Alsancak): Situated in the Alsancak region near Girne (Kyrenia), Ambiance Restaurant offers a contemporary dining experience with a diverse menu featuring international dishes, fusion cuisine, and vegetarian options. The restaurant’s stylish ambiance and attentive service make it a popular choice for special occasions and casual dining alike.
7.Ada Restaurant (KarpazPeninsula): Located on the Karpaz Peninsula, Ada Restaurant offers stunning views of the Mediterranean Sea and specializes in fresh seafood dishes prepared with locally sourced ingredients. Diners can enjoy a relaxed beachfront setting and sample specialties such as grilled fish, seafood pasta, and meze platters.
These unique dining experience with exceptional food, ambiance, and service. Whether you’re craving traditional Cypriot flavors or international cuisine, you’re sure to find a culinary gem to satisfy your appetite in North Cyprus.
North Cyprus offers a diverse range of entertainment options to suit a variety of interests and preferences. Here are some popular entertainment activities in North Cyprus:
1.Historical Sites and Land marks: Explore the rich history and cultural heritage of North Cyprus by visiting its ancient sites and landmarks. Highlights include the medieval castles of Girne (Kyrenia) and Famagusta (Gazimağusa), ancient ruins such as Salamis and Soli, and the historic walled city of Nicosia (Lefkoşa).
2.Beaches and Water Sports: With its pristine coast line along the Mediterranean Sea, North Cyprus offers plenty of opportunities for beach lovers and water sports enthusiasts. Spend a day relaxing on sandy beaches like Escape Beach, Alagadi Turtle Beach, or Golden Beach, or enjoy activities such as swimming, snorkeling, scuba diving, windsurfing, and sailing.
3.Outdoor Adventures: North Cyprus’s diverse and scapes, including mountains, forests, and nature reserves, provide the perfect backdrop for outdoor adventures. Hiking, trekking, mountain biking, and jeep safaris are popular activities for exploring the island’s natural beauty and wildlife.
4.Dining and Night life: Experience the vibrant dining and night life scene in North Cyprus by sampling delicious cuisine at local restaurants, cafes, and tavernas. Enjoy traditional Cypriot dishes, international flavors, and fresh seafood, accompanied by local wines and spirits. After dark, explore the lively bars, clubs, and entertainment venues in cities like Girne (Kyrenia) and Nicosia (Lefkoşa).
5.Cultural Event sand Festivals: Immerse your self in North Cyprus’s rich cultural heritage by attending cultural events, music concerts, and festivals throughout the year. From traditional folk performances to contemporary art exhibitions, there’s always something happening to celebrate the island’s diverse culture and arts scene.
6.Shopping and Markets: In dulgein retail therapy at North Cyprus’s markets, bazaars, and shopping centers, where you can find a variety of goods, including local handicrafts, textiles, souvenirs, and fresh produce. Don’t miss the opportunity to explore the historic streets of Nicosia’s (Lefkoşa) old town or browse the shops and boutiques in Girne (Kyrenia) and Famagusta (Gazimağusa).
7.Casino and Gaming: Test your luck at one of North Cyprus’s casinos ,where you can enjoy a variety of gaming options, live entertainment, and dining experiences.
Whether you’re a seasoned gambler or a casual player, the casinos in North Cyprus offer excitement and thrills in a glamorous setting.
These are just a few examples of the entertainment options available in North Cyprus, showcasing the island’s diverse attractions and experiences for visitors to enjoy.
The cost of living in North Cyprus can vary depending on factors such as lifestyle choices, accommodation preferences, dining habits, transportation needs, and personal spending habits. However, here is a general overview of the price of living in North Cyprus:
1. Accommodation: The cost of accommodation in North Cyprus varies based on factors such as location, property type, size, and amenities. Rental prices for apartments and villas can range from affordable to upscale, with monthly rents typically lower compared to many European countries.
2. Food and Groceries: The cost of groceries and dining out in North Cyprus is generally lower compared to Western European countries. Local markets, supermarkets, and grocery stores offer a wide range of affordable produce, meats, dairy products, and household items. Dining out at restaurants and cafes can also be relatively inexpensive, especially at local eateries serving traditional Cypriot cuisine.
3. Transportation: The cost of transportation in North Cyprus includes expenses such as fuel, public transportation fares, taxi services, and vehicle maintenance. While owning a car may incur expenses such as fuel, insurance, and registration fees, public transportation options like buses and shared taxis (dolmuş) offer affordable and convenient ways to travel around the island.
4. Utilities: Utility bills for electricity, water, heating, and internet services in North Cyprus are generally moderate compared to European standards. However, usage habits and the efficiency of appliances and heating/cooling systems can affect monthly utility costs.
5.Health care: North Cyprus has a mix of public and private health care facilities, with costs varying depending on the type of service and level of care required. While public healthcare services are subsidized and relatively affordable, private medical care may involve higher out-of-pocket expenses, especially for specialized treatments and consultations.
6.Entertain mentand Leisure: The cost of entertainment and leisure activities in North Cyprus can vary depending on individual preferences and interests. Options include dining out, cultural events, sports activities, shopping, and outdoor excursions, with prices ranging from affordable to upscale depending on the venue and activity.
Overall, while the cost of living in North Cyprus is generally lower compared to many European countries, it’s essential to budget and plan accordingly based on personal circumstances and lifestyle preferences. Additionally, currency exchange rates and economic factors may also influence the overall cost of living for expatriates and visitors in North Cyprus.
Buses: Buses are the backbone of public transportation in North Cyprus. The main bus company is called KIBHAS, which operates routes connecting major cities and towns across the region. These buses are relatively inexpensive and are a popular choice for both locals and tourists.
● Minibuses (Dolmuş): Minibuses, locally known as dolmuş, are also widely used for transportation within and between cities. Dolmuş routes cover shorter distances and typically operate on fixed routes with set fares. They are known for their flexibility and frequency.
● Taxis: Taxis are available in North Cyprus and can be hailed on the streets or booked through phone calls. They are more expensive than buses and dolmuş, but they provide a convenient option for travelers who prefer door-to-door service or need to travel outside of regular bus routes.
● Car Rental: For those who prefer more independence and flexibility in their transportation, car rental services are available in major cities and at airports in North Cyprus. Renting a car allows travelers to explore the region at their own pace and visit remote areas that may not be easily accessible by public transport.
● Ferries: While not strictly public transportation within the region, ferries connect North Cyprus with Turkey and offer an alternative mode of travel for both passengers and cargo. These ferries operate between ports in North Cyprus and various cities in Turkey, providing an important link between the two regions.
1. DefineObjectives:
Start by setting your budget, preferred location, and property type.
2. Research:
Explore the North Cyprus property market, neighborhoods, and trends. Luxify Investment offers market insights and a wide property portfolio.
3. ViewingandDueDiligence:
Schedule property viewings, paying attention to location and condition. Luxify assists with due diligence to ensure legal compliance.
4. NegotiationandPurchaseAgreement:
Negotiate terms with Luxify’s expertise, then sign a purchase agreement and pay a deposit.
5. CompletionandTitleTransfer:
Finalize payment, obtain permits, and transfer title with Luxify’s assistance.
With Luxify Investment, buying a home in North Cyprus is a seamless and rewarding experience. From defining objectives to completing the transaction, Luxify provides expert guidance at every step.