What you need to know about North Cyprus real estate market
Purchasing property in North Cyprus is quite easy, and the prices differ according to facilities available and by location. According to Forbes Magazine, North Cyprus is the best place in the world to buy beachfront property. The area is ideal for retirement or investment due to its low cost of living and pleasant environment.
Can I purchase property during the Covid pandemic? Yes, we have made arrangements with vendors to allow you to make a deposit, hold the home (no matter how long), and finalize the purchase when you come. We have used this technique with multiple properties successfully.
Is it easy to retire in North Cyprus? Most of our clients move here to retire for the beauty, low cost, and weather. The majority of Ex Pats here are retired. In fact, getting a job requires an extra permit so it’s easier to retire here than be employed.
What about the Cost of Living? In general, this is one of the least expensive places around the Mediterranean to purchase real estate. There are a few things that are high, but in general most commodities necessary for living are cheap. Villas & Apartments are especially inexpensive.
Is it possible to buy real estate during the Covid pandemic? Yes, we’ve established arrangements with vendors to allow you to put down a deposit, reserve the home (for as long you like), and complete the transaction when you arrive. We’ve successfully applied this technique to a variety of properties.
Is retiring to North Cyprus simple? The majority of our clientele come here to retire because of the natural beauty, inexpensive cost, and pleasant weather. The majority of the ex-pats in this town are retirees. In fact, finding a job requires an additional permit, making it easier to retire here rather than work.
What about living expenses? In general, this is one of the most affordable places to buy real estate in the Mediterranean. There are a few things that are expensive, but most necessities of life are inexpensive. Villas and apartments are particularly cost-effective.
I want to move to North Cyprus to live. What about residency? Recently the residency application process moved online and was streamlined. Like all countries, there are rules for residency but in general almost everyone qualifies. There is a step by step process that begins and ends with the Immigration Office at the local Police Station.
Can I invest but keep living in my home country? Yep, happens everyday. In fact the process is so common we have a person who specializes in that exact procedure. Of all the estate agents in North Cyprus, Busy Bees is your best choice to handle investment transactions.
Why should I allow Busy Bees to sell my home? We are the biggest estate agency in North Cyprus for a reason: we sell more homes! Because of the size of our inventory, we have a bigger selection of villas and apartments. This allows customers more choices and they will spend more time looking for that one special Villa. The equation is simple: More properties for sale equals more customers searching. Common sense says you will sell your home faster with Busy Bees Estate Agents.
Can see a home in person? No problem; we will even help with the cost of your visit. An Inspection Trip can be arranged to you to see the Island for yourself. We can help with your airport taxi, hotel, meals, and even plane tickets. Anything you need we will try to have set-up and ready for your arrival.
You can also read a different article about the Northern Cyprus real estate market by clicking here.