Is it possible to get from Turkey to North Cyprus by ferry boat? 16.09.2012
Three times a week a passenger ferry service operates between the Turkish port of Mersin and Famagusta. Ferry boat from Alanya to Kyrenia travels from Thursday to Sunday. Four times a week there is a ferry from Mersin’s port Tasucu to Kyrenia. Then cost of the travel varies 59 to 77 TL for adult one way.
i would like to know if I can build 500 square meter house on 2 acres of land in karaoglanoglu?
I have been getting conflicting information on the size. 13.07.2014
Thank you for your inquiry. One acre is 4046.9 square meters. Therefore two acres is 8093.8 square meters. In Northern Cyprus the land is measured in Donums and two acres are 6.04 donums of land. Of course a 500 square meter house can be built on the land of this size, however, foreigners are only allowed to obtain no more than 3 donums of land, which is 4,014 square meter or almost one acre.
The buyer does not receive title deed for property right after the signing and registration of the contract. Is it dangerous? 20.09.2012
If all the documents for the property are in order and all taxes were paid, receiving of title deed is just a matter of time. Receiving a title deed in owner’s name usually takes between 1 and 2 years after purchasing. During this time, the buyer of property is not in any danger - after the signing of the contract and its registration in the Land Registry of Northern Cyprus, buyer becomes rightful owner of the property and can live in it, rent, sell it…
Property tax is fairly low in North Cyprus. It is paid to the municipality of the settlement or city where the property is located, and at present, it is equal to 1 Turkish lira per sq.m. So, for the property with covered area of 150 square meters, the annual tax would be equal to 150 Turkish Liras.
Can I buy a property in Northern Cyprus with installment payments? 20.09.2012
Many construction companies offer their customers credit plans and installment payments. Interest-free payments are offered until completion of construction, until the buyer receives property key. In some cases, installment payment plan can be prolonged for another year or two.
Can I buy a property in North Cyprus without coming to the island? 20.09.2012
Yes, you can. However, you will need to supply your TRNC lawyer with power of attorney that needs to be registered in Turkish Embassy in your country. Such power of attorney authorizes your lawyer to conduct all necessary action relating to the sales contract and transferring property on your name.
What are the extra costs of buying a property in North Cyprus? 20.09.2012
Additional costs of the property depends whether you are purchasing a newly built or off plan property form developer or a resale property. When buying a resale property, usually, the new owner only pays for legal fees, the cost of drawing up the agreement and for the transfer of full title deeds to his name (6% of the sale price). When purchasing a newly built property, the buyer pays the cost of connecting electricity and water meters, one-time property tax (VAT) 5% of the purchase price, which is paid upon receiving the keys from the property. To obtain title deeds in your name 6% tax needs to be paid. Please note if you purchase property located in a development with communal swimming pools, gardens, etc a monthly fee needs to be paid to the maintenance company. Monthly fees can vary from 40 to 100 pounds.
Based on what documents I will be owner of the property? 20.09.2012
Purchase and sale agreement is the main document when buying property in North Cyprus. Registration of the contract in TRNC’s Land Registry gives you full right of ownership of the property. From the moment of registration of the contract in the Land Registry you become owner of your property and you have the right to sell it, rent it, etc…
What documents are required to choose and purchase property in North Cyprus? 20.09.2012
To choose and reserve property, you will need your passport and deposit to take property off the market (minimum € 1,000). Signed power of attorney is required, so that your lawyer can register the contract in the TRNC’s Land Registry, pay property taxes and deal with other contract-related activities on your behalf.
The process of starting a business in the TRNC is simple and accessible to everyone who has sufficient available funds - $ 100 000 must be allocated in account of one of the banks in the TRNC at the opening of the company. With the help of accountant or lawyer in North Cyprus, your company can get permission of the Council of Ministers within one month.
I have married a trnc citizan I have been told we will have yo live together gor 3 year's before I can apply for citizenship. Can I work in north cyprus, before I have a kimlik csrd. My husband has a kimlik I do not have aresidency permit. 18.03.2016
If I buy a property in Northern Cyprus can I obtain residence permit? 16.09.2012
Any buyer of any property in Northern Cyprus is entitled to apply and obtain Residence permit. This residence permit is given annually, however, can be prolonged every year. To obtain residence permit you will need sale contract, that’s states that the property was bought in your name, medical examination, and bank statement that indicates your financial stability (usually needed amount in bank that is equal to TRNC’s minimal wage multiplied by 12 months).
Tourist visa to Northern Cyprus is offered (free of charge) at the airport in the TRNC at passport control. Duration of a tourist visa can vary from a few days to 3 months. Visa offers to citizens of any country, there are no restrictions. With a view to a longer stay in the territory of Northern Cyprus, you need a visa: one year visa (residence permit), student visa, work or business visa.
Can I rent my property in Northern Cyprus with your company? 20.09.2012
Alliance-Estate estate deals with both selling and renting property in North Cyprus. Our managers in rental department will help you to rent your house, villa, apartment or commercial property for short or long term.
Property for rent, especially for short term, is highly demanded in North Cyprus. In addition to UK tourists, North Cyprus is very popular with Italians, Iranians, Russians… The cost of rentals in general depends on the location, type, size. On average, weekly cost of rental property in high season equals to monthly cost of rent long-term. Thus, the cost of a week living in a small apartment in walking distance to Mediterranean Sea will be minimum 250 pounds sterling, the villas - £ 500 a week.
Guaranteed rent of my property in Northern Cyprus 16.09.2012
A number of construction companies in North Cyprus offer their customers guaranteed rent at 5% to 7%(from purchase price) annually (long-term lease) up to 3 years. Calculation of annual income is derived from the price of the main contract. Clause about guaranteed rent is included in the main contract. For example, if value of the property is 50 000 Euros, rent per year will be equal to 3,500 Euros a year.
What regions of Northern Cyprus are most popular among buyers? 16.09.2012
There are four main cities in Northern Cyprus – Lefkosa, capital, Famagusta, Kyrenia and Guzelyurt. We have properties for sale in each of the towns and their regions. Choosing a region is a matter of personal preferences and purposes of the property. If you would like to invest in property or have it for renting purposes, then it is essential to buy property near a beach or in the cities, near universities, etc. Depending on the purpose of buying property (permanent residence, investment, leasing, summer vacation home), our customers choose the most different regions: Famagusta and Bogaz with an abundance of sandy beaches, an area with developed infrastructure of Girne (Kyrenia), or beautiful Tatlisu or Kayalar.
Alliance Estate offers inspection trips for those considering purchasing property in North Cyprus. Our work includes arranging your tickets, meeting you in the airport, transferring to the hotel or private sector. During the next three –four days we will show you the properties that you might be interested in. If you purchase a property from Alliance Estate, we will refund you all or part of your expenses. You also will be offered legal advice from one of the leading lawyers of North Cyprus.
North Cyprus can be reached by flying to one of the South Cyprus’ airports (Paphos or Larnaca) and then cross over to the north side, or to North Cyprus’ airport – Ercan. You don’t need a priory obtained visa to North Cyprus, tourist visa at the passport control will be received. Length of tourist visa can vary from a few days to 3 months. All the airplanes flying to North Cyprus must stop in Turkey. There is a variety of airlines flying to North Cyprus to choose from – Turkish Airlines, that fly from major airports worldwide, Onur Air, that fly from the UK, and Pegasus Airlines. Airport Ercan is 30 minute drive from the capital – Lefkosa, 40 minutes from both Kyrenia and Famagusta. Flight from Istanbul to Ercan takes one hour, from Antalya 30 minutes.