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In Northern Cyprus, a unique, but completely stable, political situation has developed. A small part of the land in the state remained in the possession of the Greek Cypriots previously living in the north. Theoretically, they can claim their rights to them, so the purchase of unverified objects in the secondary market is complicated by risks. Another situation in the primary market. In Northern Cyprus, over the past decade, annual growth in sales of new buildings by an average of 10% has been recorded. This is due to the fact that developers use sites that do not have disputed status. A reliable developer has a full package of legal documents on land.
Choosing an object and a developer
Buying a property in Northern Cyprus begins with setting priorities. Depending on financial capabilities and personal preferences, the range of significant parameters is limited. House or apartment? Location, secondary or primary? Of great importance are the acquisition goals: for personal residence or for subsequent rental. Coastal areas are intensively built up in the country – the choice is diverse. Definitely not worth buying housing built in close proximity to military facilities. Real estate in the area around them limited to 500 m is not registered. Continue reading