North Cyprus Property’s Approval Procedure

North Cyprus is a fantastic place to live, you can buy a piece of land or any holiday home or villa easily. There are different types of property for sale in Northern Cyprus. The finest and highest quality residential, commercial and investment properties are available on reasonable rates. You can get help online, this means you can access to prime real estate on the best beachfront or mountain side locations built by the most reputable North Cyprus developers.

Many people have a tough time selecting among the properties in North Cyprus, including villas, apartments or bungalows. The Cyprus northern properties for sale include new, resale and off plan. Cyprus real estate agents can provide you custom tailored portfolios of the properties, suggestions, and advices based on your requirements. There are few significant things that you must know. Before the real estate in Cyprus can be registered in your name, an application must be sent to the Council of Ministers for approval. Foreigners are limited to one donum per person. The approval procedure would take about 10 – 15 months.

Turkish Freehold – title deed: Turkish Cypriot, British or foreign owned pre-1974. These deeds are 100% safe and are internationally recognized.

TRNC Freehold – title deed: This is property or land included in Greek Cypriot ownership pre-1974. These were transferred to Turkish Cypriot Citizens either in exchange of the lands left in South Cyprus or for economical development purposes. The Turkish Cypriot refugee could take a dispensed Greek Cypriot house or land in compensation for the lost properties.

Leasehold Title Deed: There is also the method of leasing land or property from the Government instead of purchasing through estate agents in Northern Cyprus. These are usually negligible houses that the Government will lease out for periods up to 49 years to foreigners, who renovate the property at their own expense, and also who pay a nominal base rent for the lease period.

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