Cyprus is the third largest island in the Mediterranean, and Northern Cyprus lies directly 70 km south of the Turkish mainland. The climate is described as “intense Mediterranean” – this means that, in general, the island enjoys short mild and temperate winters and very long hot summers. The main economy drivers in North Cyprus are tourism, construction and education. The country has a population of approx. 400,000 (last census 2011) The main currency is the Turkish Lira, however, GBP Sterling, US Dollars and Euros are all accepted forms of currency. Ercan International Airport in the north flys via Turkey to many worldwide destinations, with Larnaca International Airport available in the south. Ferry travel is also available from North Cyprus to the Turkish mainland. 

REQUIREMENTS FOR FOREIGN NATIONALS TO BUY:

Foreign nationals can only take title to immovable property which equals to 1 plot of land and/or 5 dönüms of land and/or 1 house. In order to purchase more than one immovable property and/or one house and/or a property over 5 dönüm in area, it is necessary to use trustees or set up a company in T.R.N.C. The immovable property to be purchased should be free of any mortgages/charges or impediments. The Vendor (Seller) should be the registered true freehold owner of the property. The Contract of Sale should be registered at the Land Registry within 21 days from the signature date. In order to register the immovable property under a foreign national’s name, application for permit to purchase property must be submitted to T.R.N.C. Council of Ministers and the permit must be granted by the Council 

 The Purchaser selects the property and pays a deposit. The Purchaser pays the solicitor’s fee. The Purchaser’s solicitor is sent the contract, to include price, timescale, payment terms and specifications. The Contract of Sale will also stipulate when future payments for your property must be made and will also establish a completion date. When buying a new build property the developer will normally require staged payments through construction with the balance due upon completi