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CYPRUS REAL ESTATE INVESTMENT

Investors from all over the world Cyprus offers many advantages for Cyprus real estate investment, Cyprus, an island in the Mediterranean, for home buyers. It is a place where suitable real estates are found according to everyone's needs and purchasing power. Apart from this, the environment of Northern Cyprus suitable for investment offers profitable options to investors. As such, investors consider other investment options, such as purchasing a business, apart from real estate. Cyprus real estate investment has become hugely popular in recent years. While some of the buyers who are considering making a profit-oriented investment here consider buying an apartment, some of them turn to commercial real estate. Apart from this, those who are fond of comfort prefer to buy luxury villas with a view.

First of all, those who want to invest in real estate in Cyprus;
List what you expect from your dream home and the must-have features. Specifying the real estate you intend to buy and where it is in advance gives you information about how you will live. You should definitely visit Cyprus. Taking photos and asking for details will help you make a note of it later in the decision-making process. Meet with the real estate owner you are considering buying. Be sure to negotiate the price, payment terms and delivery date.

It is mandatory to hire a lawyer to invest in the Turkish Republic of Northern Cyprus. Don't forget to get yourself a lawyer. Your real estate sales contract will be prepared by a lawyer. Make sure it is notarized and signed. When investing in real estate in Northern Cyprus, you must have a bank account in Cyprus. Open a bank account for the convenience of your payment transactions. Obtain a purchase permit from the Council of Ministers in order to transfer the title deed. After your application is approved, your deed will be delivered.

WHAT SHOULD YOU CONSIDER WHEN INVESTING REAL ESTATE IN CYPRUS?

In general, those who want to live in nature and in houses by the sea prefer Cyprus real estate investment. You should evaluate the neighborhood where your house is located and the advantages it has. That's why we recommend you to choose a central, scenic neighborhood with good neighborly relations. It is very important to evaluate real estate whether the house you want to invest is suitable for investment. For this, you can get help from various consultancy. If a house you buy in Istanbul pays for itself in 20 years or more, the house you buy for Cyprus real estate investment will give you your money back in 10-15 years on average.

In addition, it is almost impossible to decrease the value of the houses you buy with the pound. Although the real estate sector is a profitable investment, it is a sensitive sector that is affected by many different factors. To earn a profit, you must sell when you are eligible to buy.

Important things you need to know to invest:
- Having a zoning and occupancy permit
- The deed is trouble-free
- Proof of use of the property
- No expropriation in the region
- Accurate soil inspection
- Resistant to earthquakes and other natural disasters
- The common areas and their rights in cooperative structures.