Investment Guide: Buying Property in Northern Cyprus

Exceptional beauty, outstanding quality of life, and one of the most desirable places to own real estate investment property, Northern Cyprus has it all.

Buying property in Northern Cyprus as an international investor is an option, but you have to know how to navigate this market to protect your investment. This property investment guide for Northern Cyprus provides you with the insights you need.

Know the Real Estate Legalities

Under the Laws of the Turkish Republic of Northern Cyprus, non-citizens can purchase and hold one property in their name. That property can be up to 5 donums, which is a bit more than 1.5 acres of land. For those who wish to purchase more than one property, it’s possible by setting up a company and trust that’s registered in the region.

These are freehold title deed properties. Unlike other areas, there is no leasehold property in Northern Cyprus. Also, note that title deeds are quite safe and readily available in the country. The government itself underwrites all title deeds for this region.

Changing Laws Improve Stability

In recent years, numerous laws and regulations have helped to create a far more stable real estate market in the country. Now, beyond all measures, the area is quite safe to purchase property, and thanks to these efforts, it is not rather straightforward to purchase property here.

Do You Need a Lawyer to Buy Property in Northern Cyprus?

Buying property in Northern Cyprus requires a solicitor or a real estate professional who can help you navigate the legalities of the process. It is important to note that not all overseas bank mortgages are an option, and most banks within the country will only lend 50% of the property value as a loan to overseas buyers. By working with a solicitor, you gain the insight you need to confidently make these decisions.