The Turkish Republic of Northern Cyprus is an island located almost in the middle of the Mediterranean and adorned with the beautiful parts of the Mediterranean climate. Developing especially in terms of tourism, the country has attracted attention with its nightlife at the same time. Cyprus Investment It has also created beautiful areas in the sense.
While the building, which is fed by tourism in particular, continues its development, it has evolved from hotels to properties in terms of investment. In this sense, it also includes very important opportunities for those who make savings.
In particular, it gives different privileges to those who keep their savings aside to buy property, even if they are foreign nationals. Thanks to these privileges, it has become very easy to obtain a residence permit.
Development Continues With Newly Opened Schools
Cyprus Investment While developing in the sense of development, one of the most important pillars of this development is undoubtedly students. In this process, the opening of many schools, especially the students who come to university age, preferred Cyprus for many reasons, bringing dynamism to the real estate market.
With this dynamism Cyprus Investment offers many alternatives especially for those who want to buy and rent property. Especially the connection between the student segment and rental rates turns the investment into profit.
Offers Great Opportunities for Turks
Although the Turkish Republic of Northern Cyprus outbound from Turkey is considered to be foreign nationals. Despite this, the opportunities developed make it easier to access many opportunities.
One of the most important opportunities is property acquisition. Moreover, thanks to the house purchased, a residence permit for about a year comes after it. And also Cyprus Investment For those who will use the intermediaries, you can make it easier to get rent from the property that is easily acquired.
The fact that property can be bought and sold without any problems provides a comfortable circulation in areas that combine with the unique nature and sea of the Mediterranean. When examined in this context Cyprus Investment it will be a good tool in directing the accumulation with its opportunities.
How to Invest?
First of all, field research is an important condition. In this sense, it is very important to search for a house according to the budget, not only in the capital Nicosia, but also in areas with similar natural elements.
In addition, the necessary documents must be prepared. It is possible to list them as follows;
- Real estate purchase is limited for foreign nationals. This restriction has been determined as one property.
- Those who want to buy a property TRNC It must obtain a real estate permit from the state.
- The stamp tax must be paid within twenty-one days, based on the amount written on the signed contract price.
- First, a sales contract is made. After that, it is obligatory to inform the Land Registry Office within twenty-one days.
With the enactment of the changed law, in previous years, the spouses were property a couple who are married under the new law can now own two properties in total.
Residence permit
After the property is purchased, a residence permit is obtained for one year. This permit is a permit that must be renewed every year. However, once you have completed three years, you can gain unlimited right to obtain a residence permit.
In addition, obtaining this residence permit is subject to greater convenience for individuals over the age of sixty-five. In this sense, from the moment the title deed is transferred, that is, over the age of 65, the person has an unlimited residence permit.
Points to Consider While Investing
While making savings involves a very difficult process, making investment crowns it with the correct evaluation of all this accumulation. In this sense, it is very important to do accurate market research and to be proactive.
Cyprus is increasingly becoming a tourism center that attracts more and more foreign capital in terms of the market. In this sense, the right investment will enable the property to be seriously valued. With the right investment, it is quite possible to get high incomes with low cost.
