Frequently Asked Questions

Some of the services of Cihanara Company are:

• Free airport transfer
• 6 days of free accommodation
• Recreational and Shopping mall tours
• Property tour to introduce the best projects and investment opportunities
• Providing a SIM card with 5 GB of internet
• Accompanying all stages of purchasing and obtaining accommodation
• Advice on bank loans

With a 6-day inspection trip, we help you to buy your property and experience a safe investment in North Cyprus with us.

After the official registration of the property in the name of the buyer, it is necessary to prepare some documents.

After completing the documents, you will go to the Immigration Office in Nicosia.They will stamp a one-year residence stamp in the passport of the buyer. They will also give you a pink residence booklet with a photo and details of the buyer.
It is first necessary to take the steps of obtaining a purchase permit by a legal lawyer. It takes at least 6 to 9 months. After receiving the purchase permit, the document will be registered in your name. Before receiving the purchase permit and only with the purchase contract, you can apply for residency.

Documents you will need:

• Photo and copy of passport and local observer’s certificate for accommodation
• A copy and original sealed contract in the Health Certificate Registration Office. It includes AIDS and hepatitis blood test.

Reserving a property in North Cyprus:

After selecting the most suitable property, you have to pay a reservation amount of at least 1000 pounds. This reservation is valid for one to two months. You can pay the full amount or pay it in installments to receive the property purchase agreement. Then, you can apply for residency.

The minimum purchase price for property in North Cyprus varies based on factors such as location, type of residential complex, and its facilities. As of the current information available, the lowest price for properties typically starts at 85,000£. Please note that these prices may change over time and can vary depending on specific factors, so it’s advisable to check with local real estate agencies for the most up-to-date pricing information.45,000 to £50,000.

Fortunately, there are a variety of payment methods in North Cyprus. They depend on the type of property and the manufacturer.

payment plans:

• Cash: With significant discounts or some of the most necessary furniture as a gift
• Installments: interest-free for up to 5 years or small interest for up to 10 years
• Bank loans

North Cyprus real estate rental market:

Due to the large number of immigrants, tourists and students in North Cyprus, the real estate rental market is dynamic. In North Cyprus, houses are easily rented for long-terms and short-terms. Also, the number of people who want to have an apartment or a beach villa has increased dramatically. Above all, North Cyprus is one of the fastest growing and most lucrative markets in the entire Mediterranean.

Why North Cyprus?

In recent years, demand for property in Cyprus has increased five fold. The properties of North Cyprus have reasonable prices and are facing annual growth. Buying property in North Cyprus is based on a stable currency such as the British pound. Administrative process of registering a document and obtaining a residence permit is simple and easy.

The real estate market in North Cyprus is currently booming. More importantly, British and European buyers are investing in North Cyprus. Now, it is the best time for investors to invest, as North Cyprus real estate is currently really affordable.

Residency Rules:

People under the age of 18 and over the age of 60 do not need a residence permit to stay in North Cyprus.  In other words, they can stay on the island as long as they want.

With its 10,000-year history and rich culture, Cyprus attracts more than 2 million tourists annually.

In North Cyprus, more than 101,000 students are currently studying at 16 universities. Eighty-seven percent of them are international students from 135 different countries. The number of international students has increased this academic year.

Studying in North Cyprus has the great advantage of entering the labor market and migrating to other countries due to having several internationally recognized universities.

The cost of living in North Cyprus is very low compared to European countries in the Mediterranean and similar countries.

White sandy beaches, numerous mineral springs, antiquities, mountain walks and water sports provide you with the best vacation. In addition, the warm and welcoming locals, delicious Mediterranean cuisine and low cost of living make it a beautiful and special holiday destination.

Weather:

There is no cloudy sky, rainy or cold weather in Cyprus, and it is mostly sunny. In fact, you will experience more than 300 sunny days a year.

The majority of people in the Republic of North Turkey are Sunni Muslims, a minority of Orthodox Christians and Christians of the Maronite Church.

The native population of North Cyprus is 326,000

Safety:

North Cyprus is the fifth safest country in the world. North Cyprus is known as a safe and friendly place compared to other countries.

Cyprus is the third largest island in the Mediterranean Sea. It is located in the south of Turkey and leads from the east to the Middle East, from the west to Greece and from the south to Egypt.

In North Cyprus, lands are measured based on Donum. One Donum is equivalent to 1,338 square meters and 4 Evleks.

Each Donum is equivalent to 1/3 acre.

It is mandatory to use a lawyer based in North Cyprus to oversee the purchase process. However, you can choose a lawyer of your choice or we can offer our own lawyer’s services to you.

The extra costs aside from property price in Northern Cyprus :

1. Lawyer fees which is around 1200 GBP
2. The transfer fee: The amount of this fee is 6% of the value of the property. At the moment, the buyer has the right to a one-time discount and payment of the fee at rate of 3%.
3. VAT of the property which is 5% and only payable for new properties.
4. Contract Stamp Duty which 0.5% of the property price. You should pay it within 21 days of signing the contract.

You need to apply for residency permit in North Cyprus. Upon arrival, you will get a 90 days visa. In the case of residing for longer term, you should apply for temporary residency permit. Therefore, it extends your visa.

Banking System:

North Cyprus banks are well reputed and they offer wide varieties of banking services. Numerous local and Turkish banks are available on the island. A wide range of ATM machines are also available. All the banks do offer Credit/Debit cards as well.

In North Cyprus, international telephone system is available and mobile coverage also covers all areas. ISPs also offer fiber optic Internet services.

The Turkish Lira is the official currency of North Cyprus. North Cyprus accepts Pounds, Euros, and Dollars as well. The British Sterling Pound is commonly used to purchase a home or a vehicle. University and school fees, on the other hand, are in dollars or euros.

The official language in North Cyprus is Turkish. However, English is the second language and the majority of people can speak English.