If you are looking for a warm and sunny coast on the Mediterranean sea for your second home or to retire, North Cyprus is clearly an option. Property prices are starting at affordable levels, and you could easily afford buying a home with sea view, and maybe even a beach front villa.
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[image caption=”Extraordinary villas”]http://www.myhomeabroad.net/wp-content/uploads/2014/08/dream-villa-cyprus.jpg[/image]
[image caption=”Amazing sandy beaches…”]http://www.myhomeabroad.net/wp-content/uploads/2014/08/cyprus-karpas-peninsular-myhomeabroad.jpg[/image]
[image caption=”Luxurious lifestyle…”]http://www.myhomeabroad.net/wp-content/uploads/2014/08/dream-pool-villa-cyprus-myhomeabroad.jpg[/image]
[image caption=”A beautiful historical heritage around you…”]http://www.myhomeabroad.net/wp-content/uploads/2014/08/bellapais-retire-cyprus-myhomeabroad.jpg[/image]
[image caption=”Enjoying dream landscapes…”]http://www.myhomeabroad.net/wp-content/uploads/2014/08/extraordinary-mediterranean-myhomeabroad.jpg[/image]
[image caption=”The memory of Ancient Times is here.”]http://www.untoitdanslemonde.com/wp-content/uploads/2014/08/northern-cyprus-treasures-myhomeabroad.jpg[/image]
[image caption=”Quiet and beautiful homes…”]http://www.myhomeabroad.net/wp-content/uploads/2014/08/upscale-properties-myhomeabroad-cyprus.jpg[/image]
[image caption=”The perfect destination if you are fond of golf…”]http://www.myhomeabroad.net/wp-content/uploads/2014/08/Golf-4.jpg[/image]
Cyprus is the third largest island in the Mediterranean, located at a cross roads of 3 continents and is one of the most popular destinations for tourism and expat migration in Europe.
The Turkish Republic of Northern Cyprus, (Northern Cyprus), covers an area of approximately 1358 square miles and it is perhaps the last remaining un-spoilt country in the Mediterranean.
With over 300 days per year of guaranteed sunshine and a high standard of living it is the perfect place for new opportunities or to simply retire and relax. There are many things to see from its beautiful ancient harbour, beaches that stretch for miles with its crystal blue waters and all the activities you can do.
Investing in Northern Cyprus makes excellent sense due to:
- Unique micro climate with over 300 days of sunshine per year
- Cheapest property prices in the Mediterranean
- Standard of construction
- Long term rental returns
- Steady appreciation of investment
- Low cost of living
- High standard of living
- Constantly improving infrastructure
- Excellent educational facilities
- Abundance of restaurants
- Beautiful coastline
- Cheap shopping
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Legal aspects: can a foreigner own a property in North Cyprus?
Under the new laws of the Turkish Republic of Northern Cyprus (TRNC) non-TRNC Citizens are entitled to hold a title deed to only one property up to a maximum area of 5 donums per household providing that the property only consists of one dwelling (previously this was 1 donum, but this has now been increased by the Immovable Property Acquisition and Long Term Lease (Aliens) Law 52-2008). Building permission will not be granted to build further dwellings after permission to purchase has been granted. For the purposes of this law, husband and wife count as one household. Before the title deeds to the property can be registered in your name, you will need to have permission from the TRNC Council of Ministers. This is explained in more detail below. If you wish to take title to more than 1 property, or a property over 5 donums in size, we can give you advice on using our Trust Company or setting up a TRNC company to hold the title for the property.