Four Vision Development

Frequently Asked Questions

FAQ

Popular Question

Where to buy Investment property in Cyprus
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Associated with Four Vision Development

In 2017, four leading real estate companies The North Cyprus in Turkey were merged to form Four Vision Development. The real estate giants are Dovec Group, Recaioglu Group, Noyanlar Group, and Tunali Group.

Four Vision Development is currently focused on the projects that have been established on the Island of Iskele Bogaz. However, we are on the move to expand our project areas to several other locations on the Island.

Our project, as one of the few, is located directly on the beach. The entire infrastructure, such as shops, swimming pools, restaurants, is located directly at the housing estates. We use high-quality materials to finish the houses, so you can enjoy them for years.

Our projects range from £70,000 to £900,000. You can choose any project based on your budget.

Well, we have been in business for 30 long years though Four Vision Development was established in 2017. So, we have the industry expertise, brand value, and experience to maximize your investment securing a huge return for you.

First, you need to schedule a meeting with our consultants through our official website or other available ways (Emails, WhatsApp, etc.). They will list your requirements and let you know about the high-potential projects that we will have for you. However, it totally depends on you to make any decision based on your budget and other preferences.

Apart from that, you will get:

  • Consultation Services.
  • Real Estate Maintenance Services.
  • Site Management Services.
  • House Renting Services.

 

Professionals with expertise deal with those services to make sure that our clients can meet their demands.

First, we develop a payment plan to send to the investor which question is about resale as I understand and below the answer for purchasing process  is followed by a pre-payment for the reservation of the house/property.  Then, we ask for the down payment from the client along with a legitimate contract to initiate the sale.

No, you won’t. Four Vision Development has staff to do them for you.

Certainly, you can. The regions of North Cyprus where we offer services are:

  • Famagusta
  • Nicosia
  • Iskele
  • Kyrenia

Associated with Legal Matters

The answer is ‘Yes’. You will require a visa to get residential status. However, people from most European countries get an on-arrival visa for 3 months. If you need more time, you may apply appropriately revealing the fact that you are trying to settle here permanently.

The answer is ‘Yes’. You will require a visa to get residential status. However, people from most European countries get an on-arrival visa for 3 months. If you need more time, you may apply appropriately revealing the fact that you are trying to settle here permanently.

It will require your passport as the only document to purchase any property.

Basically, it follows the British Legal System. 

It varies based on the experience and other criteria. Mostly, a solicitor charges £1500 to £2000 for each purchase contract. There will be an additional charge of £300 for the permit. Note that the solicitor fee includes all types of applications required to live in North Cyprus.

You will be required to pay the following taxes when purchasing property in North Cyprus.

1) VAT You will pay a 5% Value Added Tax on your purchased property and will be liable to pay this within 3 months before you get the keys.
2) Stamp Duty This is one of the mandatory taxes and should be paid within 21 days after you sign the contract of sale. It consists of only 0.5% of the value of your purchased property. Once the contract is signed, you are payable to the Tax office for the registration of the contract of sale in the Land registry.
3) Transformer Charge Just like VAT, this is also to be paid within 3 months before receiving your keys. The amount of transfer charge depends on various factors such as the provision of electricity, water communication, telephone, etc. Thus, its value or rate is not fixed.
4) Transfer Fee This is the last step before transferring the title of the property to your name. The rate of the transfer fee is 6%, which is payable to the local Immovable Property Commission. If you are buying property for the first time in North Cyprus, however, you have the right to reduce this tax to only 3%.

Inspection Trips

Who wouldn’t want a beautiful, luxurious, and well-maintained property on the breath-taking views of North Cyprus, right in the heart of the Mediterranean? However, surveying and traveling to find an ideal location can sometimes be quite confusing and challenging, but not anymore!

 

You can participate in any of the Four Vision Development comprehensive inspection trips in North Cyprus in order to become familiarise yourself with the North Cyprus vicinity!  

 

Not only will we make sure you become familiar with the sites and locations in North Cyprus, but we also provide comfortable and convenient transport and living experience!

 

When you choose any of Four Vision Development’s services, we take care of all your responsibilities.

 

At Four Vision Development, we prefer to deal with each client personally. We offer to pick you up from the airport directly and accompany you to the hotel of your choice! We will then give you a grand tour of our projects followed by a Turkish dinner.

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