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F.A.Q's

frequently asked questions about Northern Cyprus


Q.

 

What is the time difference?

A.

 

The island is two hours ahead of British GMT.

 

Q.

 

Is it safe?

A.

 

Northern Cyprus is considered extremely safe, there is hardly any crime. It is safe for all ages. Family is important in North Cyprus and respect for the elderly, is a way of life.

 

Q.

 

Are there any international banks? What is the banking system like?

A.

 

The banking system is the same as many international banks. We even have a local HSBC in both Kyrenia and Nicosia. Although the Turkish Lira is the principle currency, Sterling, Euro, and the US dollar can be used everywhere.

 

Q.

 

Do I need a visa? How long can I stay?

A.

 

A valid passport is required and on arrival you will automatically be given a three month visa. If you decide to stay for a longer period, you will need to get a visa extension or alternatively apply for residency. You can apply for long term residency once you are a property owner. You can apply for citizenship after five years of residency. Northern Cyprus welcomes foreign investment. northcypruspd.com guarantees to arrange an inspection tour and take care of all travel arrangements and transfers for your first visit.

 

Q.

 

Given the political differences between the Turks and Greek in North and South of the Island is it safe to invest in Property in the North?

A.

 

YES. There has been some confusion and misinformation regarding investment in North Cyprus with several press articles declaring the area risky for investment because of land dispute between Turkish Cypriots and their Greek counterparts in Southern Cyprus following the civil war in 1974 and division of the island.
northcypruspd.com and its local development partner operating in Northern Cyprus will not be dealing with any disputed land and property investors are guaranteed to receive genuine title to their investment. As part of our service we recommend only reputable firms of independent solicitors, who specialise in this area of expertise.

 

Q.

 

I want to invest in an investment property; can I request a bespoke design?

A.

 

Yes you can. The appointed developer will build to your requirement and provide you with the land required.

 

Q.

 

What is the educational system like?

A.

 

North Cyprus has excellent educational facilities (which is good news for longer term investors) and there are 6 internationally renowned universities. A student population of over 70,000 means there is a high demand for rental accommodation and hostels.

 

Q.

 

What are the key steps to buying an investment property?

A.

 

  1. Identify your preferred investment on northcypruspd.com website or contact our local agents.
  2. Book a free inspection tour to Northern Cyprus (your travel and accommodation costs will be fully refunded on purchase of a property). All inspection visit arrangements including Visa applications will be carried out by northcypruspd.com.
  3. If you are satisfied with property details (fully developed or off-plan) sign a purchase contract following your consultation with an independent Solicitor.

 

Q.

 

What about Medical and Hospital facilities?

A.

 

The main Hospital is in Nicosia and there are other smaller ones in Kyrenia, Famagusta, Guzelyurt, and Lefke. There are also clinics in smaller towns and some villages. Private medical care is widely available and much cheaper than the U.K. with many doctors trained in Britain and other Western European Countries.

 

Q.

 

Where are the best beaches?

A.

 

North Cyprus has numerous beaches - e.g. the world famous Golden Beach (7 km. long) and Malibu Beach are beautiful and of course there is the renowned Alagadi Beach (also known as the Turtle Beach), and many more.

 

Q.

 

What is the climate like?

A.

 

Cyprus enjoys a typical Mediterranean climate, with long dry summers (up to 46% centigrade hotter than Lagos Nigeria) and mild winters with the main seasons being separated by a relatively short autumn and spring period. There are approximately 300 days of sunshine per year.

 

Q.

 

How about Postal services?

A.

 

The postal service in Northern Cyprus is reasonably fast and efficient. Please remember that to receive mail from abroad letters must be addressed "Mersin 10 - Turkey" at the bottom of the address.

 

Q.

 

How do I telephone from Northern Cyprus?

A.

 

The dialing code for England is 00 44 followed by the local number but omitting the first number (0). The dialing code for Nigeria is 00234 followed by the local number. The dialing code from abroad is the same as that for Turkey (00 90). To call a local number dial 00 90 392 followed by the local number.

 

Q.

 

What is the rental potential for investment properties in Northern Cyprus?

A.

 

The demand for holiday rentals and student accommodation is high. Yield on investment properties is usually 6% and above depending on location.

 

 

Q.

 

Can I buy a property in North Cyprus from overseas?

A.

 

We have many overseas buyers who due to their busy programme are unable to visit in the first instance but do not want to miss out. If you do want to buy remotely this is a very easy process and we will be happy to guide you through this every step of the way. NCPD.com can facilitate overseas purchase if required, however we advice investors to do an inspection tour. Seeing is believing.

 

Q.

 

Does the developer offer a flexible payment plan option i.e. staged payments?

A.

 

Yes NCPD.com has already negotiated a flexible payment option on your behalf

 

Q.

 

Can we use a foreign based solicitor?

A.

 

No. You must use a solicitor based here in Northern Cyprus. You can use a solicitor of your choice, however, we do have solicitors we would be happy to introduce you to.

 

 

Q.

 

What are the costs involved, when purchasing a property in Northern Cyprus?

A.

 

Solicitor’s fees: Including; drawing up of contract, Power of Attorney, purchase permits application and seeing the sale through to completion, currently £800. Stamp duty: 6% of the valuation levied by the Land Registry Office and 1% of the stamp duty charge, paid to the local Council. You will have the option to be exempt from 3% of the 6% stamp duty on any one purchase. VAT is payable on some new build properties only.

 

Still have questions???? Then simply contact us for further assistance.