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RENTAL INCOME IN EXCHANGE

One of the most important reasons for the increase in investment demands in Cyprus is the rental income in foreign currency.

In Northern Cyprus, the sale of immovable properties and the rental of these properties are carried out in foreign currency. Mostly British pounds are used. However, Euro and American dollars are also highly preferred in transactions such as real estate and car buying and selling. People who want to invest in flats in Cyprus, after realizing this, secure their investments by finding value in foreign currency. Those who buy a house in the TRNC for the purpose of making a profit have regular foreign exchange income. New flats in Northern Cyprus vary between £300 and £1,500. A foreigner in Cyprus has the right to buy at most one house. Citizens of the Republic of Turkey also have this status. Anyone with a suitable investment situation can have rental income in foreign currency.

In TRNC, Guinea Region is more advantageous in terms of amortization period compared to other regions. Those who want to earn high returns can prefer this region. It is very popular with investors. The main reasons for the attractiveness of this region are: There are many touristic businesses, universities are concentrated in this region, and there are more entertainment and social opportunities. After Kyrenia, the Iskele region is one of the settlements that attracts attention recently.

It is a great advantage that investments in Cyprus are in pounds sterling. This place, which will provide all kinds of profits, makes investors smile a lot. Because, against the rental depreciation of 25%-30% in Turkey, returns in Cyprus vary between 10-13 years. Even assuming that there is no rent increase, its return to us as a profit in foreign currency is 12 years. This is an excellent plus.

SO WHY CYPRUS FOR RENTAL INCOME IN EXCHANGE?

Of course, the first thing that comes to mind when we say Cyprus is its magnificent nature and beaches. In addition, the entertainment industry, which keeps the island alive and active, is also here. The hospitable attitude of the Cypriot people is also at the forefront. The high socioeconomic structure is one of the most important factors that ensure peace on the island. The fact that the island people are educated and care about social values makes the island a safer country. The people of Cyprus are friendly, honest, democratic and social people with a sense of justice.

On the other hand, the fact that the island has a warm Mediterranean climate and sees more than 300 sunny days makes this region convenient. Cyprus offers some procedures for foreign investors seeking rental income in foreign currency. In this process, which must be carried out by Cypriot lawyers, his lawyer can apply to the Council of Ministers on your behalf.

There are three different types of title deeds in Cyprus due to political reasons. While looking at the advertisements for sale, you may encounter details such as Turkish Cob, Equivalent Cob and Tahsis Cob.
Turkish Cob: These are the properties owned by Turkish origin or foreign nationals before 1974.
Equivalent Cob: It belongs to the Turks who migrated from Southern Cyprus to Northern Cyprus.
Allocation Cob: Properties given by Cyprus (superior service to the state, forced migration, etc.).