FAQ's1.
How do you organise the viewing trips to Northern Cyprus? 2.
What is the fastest route to travel to Cyprus? 3.
What flights are available to Northern Cyprus Now? 4.
What is the cost of living in Northern Cyprus? 5.
How long can a British citizen stay in Northern Cyprus? 6.
Are there any limitations on buying property in Northern Cyprus for foreign person?
7. What are the procedures to buy the property in Northern
Cyprus? 8. What are the costs involved when
buying a property in Northern Cyprus? 9. What
types of deeds are available? 10. How long
does it normally take to complete the purchase of the property in Northern Cyprus?
11. What are the terms of payment for buying a property
in Northern Cyprus? 12. Is it possible to bring
personal possessions (furniture, pets, etc) into the country? 13.
Is the local driving license required in Northern Cyprus? 14.
Are there any limitations to repatriate rental or any other income from Cyprus?
15. What is the banking system like? Is it possible
to open a bank account in Northern Cyprus in £? 16.
What are the major cities and what do they offer from the point of view of buying
a property in Northern Cyprus? 17. What is
the official language in the TRNC? 18. What
is the time difference with UK? 19. Is TRNC
recognised elsewhere in the world? 1.
Do you organise the viewing trips to Northern Cyprus? We
can recommend several travel agents who would be able to organise your accommodation
and cheap flights to Northern Cyprus. Please refer to "Our
Services" page. Our representative will meet you at the hotel to take
you on the viewing tour. We will only be taking you to the view the properties
which fall within your search requirements indicated earlier. Please let us know
when you are planning to visit Northern Cyprus, the duration of your stay and
hotel in advance so we arrange the viewing for you. We would recommend you give
us as much notice as you can so we can search the best suitable options for you.
Back to Top
2. What is the fastest route to travel to Cyprus?
Currently there are no direct flights to Northern Cyprus (Ercan is the main airport
in Northern part of the island). Due to the rapid increase of the international
number of flights, Ercan airport is on reconstruction at the moment, which will
be re-opened earlier next year. Gecitkale is a back-up airport where all current
flights to the island are made. All flights are through mainland Turkey. You do
not have to leave the plane as a general rule and remain on board for 45 minutes
in one of the airports in Turkey (Dalaman, Antalya, Izmir, etc). It takes
20minutes drive to get from Ercan to Nicosia (Lefkosa) – the capital of Northern
Cyprus, 30 minutes to Kyrenia (Girne). In the nearest future it will be direct
flights from London, Manchester and Frankfurt. Back
to Top 3. What flights are available
to Northern Cyprus Now? North Cyprus has direct air links
only with Turkey (see Q.2), where all planes from Europe must land. More
than 90 flights to Northern Cyprus per week arrive at Ercan airport during the
summer. Currently there are approximately 20 flights per week to N. Cyprus from
London (Heathrow, Gatwick and Stanstead). For the passengers convenience most
of them arrive in the evening. There are also flights to Northern
Cyprus from Manchester, Glasgow and Dublin. From Turkey, you can arrange a connected
flight to Northern Cyprus from Istanbul, Izmir, Ankara, Adana and Antalya.
There is also a big selection of ferries from Turkey, the fastest is 2 hours.
Back to Top
4. What is the cost of living in Northern Cyprus?
The cost of living in Northern Cyprus is cheap compared to other countries in
Mediterranean region (Southern part of the island in particular) or popular European
destinations. The utility bills are exceptionally affordable. Living in Northern
Cyprus, you will be looking to pay £ 200 a year for electricity and
water for an apartment. A lot of the houses and apartments are built with the
solar water heating systems, which ensures cheap running costs even in winter.
Communal maintenance fees are also payable, depending what facilities you share
(pool, security, sewage, etc) Northern Cyprus living is changing
for the better. In recent years the number of the supermarkets that sell foreign
(including leading English brands) food has grown, which has brought the price
of the export goods slightly down but it they still remain higher than in the
UK. Turkish produced food could be purchased at a fraction of that and is good
quality and varied choice. Northern Cyprus is a paradise for smokers and alcohol
is exceptionally cheap. For a bottle of a local larger (EFES) you would pay 50p,
a bottle of a local Red/white wine (Cankaya) £ 2.50. Northern
part of Cyprus has restaurants galore – on every taste and pocket. An average
restaurant bill with drinks per person is £ 10-20. You can pay in all restaurants
and supermarkets directly in pounds and in Euro, without losing in conversion
rates. The cost of living in North Cyprus is very cheap compared to UK. Back
to Top 5. How long can a British citizen
stay in Northern Cyprus? British and the majority of Western
Europeans on arrival would automatically receive three month visa. If you decide
to stay on the island for a longer period you can get an extension or if you decide
to permanently settle there, you would need to get a residency permit. We will
put you in the right direction how to receive it quickly. Back
to Top 6. Are there any limitations
on buying property in Northern Cyprus for foreign person?
Yes, there is a limitation. The land in Northern Cyprus is measured in donums.
The foreign national cannot buy more than 1 donum of land (which is 1,338 square
metres or approximately 14,000 square feet) for one property. This area of land
will satisfy the majority of our clients. In the case where you want a bigger
piece of land, this can be easily met by adding members of your family as the
owners or by forming a local company to buy the land in its name. Back
to Top 7. What are the procedures to
buy the property in Northern Cyprus? Due to the buoyant market
situation, we do advise our clients to arrange finance before traveling to Northern
Cyprus and to have the reservation fee available, if you find something you like.
Otherwise it could be a wasted journey. Please also note that a debit/credit card
payment is not acceptable when it comes to a reservation fee. You would need to
see a solicitor during your visit if you decide to purchase a property and issue
him with the Power of Attorney, so he can follow your instructions during your
absence.
You appoint a solicitor who checks and confirms the title deeds.
The next stage is to draw up a sale contract. It will define the payments terms
and the completion date. Your attendance is not essential as the solicitor will
act on your behalf if you issue a Power of Attorney.
On the day of the
completion, the monies are paid to the vendor and the Land Registry (Stamp duty
at 6%) by your solicitor. Your name will be included into the Land Registry's
books, but it takes up to 12 months for the new title deed to be issued.
Back
to Top 8. What are the costs involved
when buying a property in Northern Cyprus? The solicitor's
costs are in the region of £ 1000 (be aware that some solicitors charge
an hourly rate fee, that could work out very expensive) when buying a property
in Northern Cyprus. We can always refer you to the solicitor we work with, who
is more competitive and charges at £ 700. The stamp duty
is 6% of the property value, but more often than not the valuation is lower than
the selling price of the property. Some may consider to build their own house
as the stamp duty will be payable on the cost of the land than the built property,
if the permission to buy is received before the construction begins.
Also the buyer has to bear in mind the sales tax (VAT) at 5% on newly built property.
Sales and stamp duty tax is payable to the Land Registry office
when the permission to buy is granted and the property is completed as well as
a nominal registry fees (in the region of £ 200). The buyer
also should enquire about the other costs in relationship to the electricity,
water, gas installation. Sometimes, the costs are built into the selling price,
but more often than not there is a separate cost, especially if you are building
your villa in isolation to the main road or the nearest village and there is not
construction nearby. Back to Top
9. What types of deeds are available?
Like in UK there are two main types of deeds in TRNC, like in UK – Freehold and
Leasehold deeds. However, there are some significant differences the UK buyer
should be aware of when he comes to buy a property in Northern Cyprus.
Leasehold property or land is as a rule restored buildings which are leased to
the foreign nationals by the Government for the period up to 49 years. The ground
rent is negligible. Typical example of such properties could be found in the well
established Karmi Village near Kyrenia (Girne), where originally all foreign nationals
settled. Most of them are English, but also other European nationals, like Germans,
Swiss, and Dutch live here. There are three types of deeds for
Freehold property, which differentiate significantly, but all of them are absolutely
legal. The first one is the Freehold property that belonged to
the foreign owner (pre-1974), which could be rarely found on the market these
days, as the owners consider it a good investment and do not feel like parting
with it when the property prices are going up.
Second type is the deeds that belonged to Turkish
Cypriots before 1974, which are also internationally recognised
title deeds.
Third type is the TRNC absolute possession document, which was
issued to Turkish Cypriots in compensation of their lost property in the Southern
part of island by TRNC Government. The land or property before the conflict belonged
to the Greek Cypriots. The Turkish Cypriots signed over their property left in
the Southern part of the island in favour of the TRNC, who used the full possession
title in return. It is also often referred to as a basis points land. However,
the buyer should be aware that some plots of land or property located close to
military sites cannot be completed (e.g. your name will not appear on the title
deeds). It is a common belief that the TRNC title deeds issued to the military
serviceman for their service on the island carry the high risk of repossession,
as they were issued not on a basis point system, but as a reward for the services.
The land and property with no title deeds issued (that belonged
to Greek Cypriots pre-1974 and not reclaimed by the Turkish Cypriots) as well
as “pending ownership” (the purchase that did not complete pre-1974) are illegal
and are not considered safe. Your new home could be at risk
if you complete your purchase without confirmation of the titled deeds by a solicitor!
Sunny Property Estate Agents does not deal with a property without title deeds!
Back to Top
10. How long does it normally take to complete the purchase
of the property in Northern Cyprus? Be prepared to wait.
It could take up to 12 months to complete the purchase, but it nothing to worry
about of course if you are not planning to sell the property during this period
of time. The waiting will be rewarded by becoming the owner of your dream home.
Back to Top
11. What are the terms of payment for buying a property in
Northern Cyprus? The terms of payment depend upon the property
you buy. Re-sale property is paid fully on the exchange of the contracts, however
a reservation payment to your solicitor is advisable, which takes the property
off the market until the title deeds are checked and the contracts exchanged.
. The payment terms for a newly built or build on order varies depending upon
the construction firm. It could be from 100% upfront to 10-30% deposit with monthly
installments afterwards till completion. Please indicate your financial position
and your preferences regarding how you would prefer to settle your purchase. As
we are not tied to one specific contractor we would be able to find the right
property for sale in Northern Cyprus that you would suit your financial status.
Back to Top
12. Is it possible to bring personal possessions (furniture,
pets, etc) into the country? There are several removal companies
that offer this service. The price depends upon the cubic metre capacity. To shop
around for quotes would be the best route to follow. We can provide you with several
contact numbers to get in touch. There are no harsh requirements
on bringing pets into the country if you have a UK vet certificate stating that
the animal has not got any infectious diseases, which needs to be presented to
the Ministry of the Agriculture. The quarantine period is 4 weeks. Bear in mind
that you would have to look after your pet during the quarantine period as this
service is not offered. Back to Top
13. Is the local driving license required in Northern Cyprus?
Driving in Cyprus like in many other ex-colonies is on the left,
which should not create any problems. You would be allowed to drive on your UK
Driving License for the period of three months, after that you would need to apply
for a permanent driving licence. Back
to Top 14. Are there any limitations
to repatriate rental or any other income from Cyprus? There
is no limitation on repatriating the profits, including the rental income from
your property in Northern Cyprus. No questions asked about the origin of income.
Back to Top
15. What is the banking system like? Is it possible to open
a bank account in Northern Cyprus in £? There are a
lot of local private banks in N. Cyprus as well as branches of the Turkish banks.
You would be able to open the currency accounts (in £) which offer good
interest rates. However we do recommend you to go for the reputable banks as there
were instances of bankruptcy of the local banks in the past. HSBC International
has opened its branches in Kyrenia (Girne) and Nicosia (Lefkosa), which is a sign
of financial and political stability on the island. Back
to Top 16. What are the major cities
and what do they offer from the point of view of buying a property in Northern
Cyprus? Lefkosa (Nicosia) – is the capital of the
Northern part of the island with the population of 150,000 and it is divided into
Turkish and Greek sectors by a boundary known as the `green line' which runs through
the city. The place is fascinating with its history, architecture and places of
interest. The place might attract the buyers who are planning to work for the
local Government or international company. The investment in property here might
be very rewarding if and when the island reunites. There is a massive potential
for the investment growth. Famagusta. The place is like
an outdoor museum in itself, but also here is so much historical interest concentrated
with many museums. To name but a few, Saint Barnabas Monastery and Museum, Agios
Ionnis Greek Orthodox Church and Icon Museum. This is a very much the cultural
centre of the island, including the University. This area would appeal to families
with children of different ages, just like Kyrenia. However, the landscape of
this area is very different, it is more flat and the sea view is more restricted,
but the golden sand beaches are the best on the whole island. This area is becoming
increasingly popular amongst foreign buyers, not just British. The British Community
here is smaller than in Kyrenia at the moment, but this keeps the property prices
lower and more attractive to other European buyers. Girne
(Kyrenia) – is famous for its resorts, beautiful seaside, restaurants, casinos
and large British community in the town itself and its vicinities. The head office
of the British Residents Society is located here. Few minutes drive from Kyrenia
there is Karmi (an English Village settlement), situated high in the mountains.
The property for sale there is leasehold, not freehold. Gyzelyurt
(Golf course) is famous for its olive and orange trees orchards. It is located
30 miles west of Kyrenia (Girne). This area is famous for its tasty apples, vegetables,
grapefruit and melons due to the underwater springs. Güzelyurt is also famous
for its annual Orange Festival, which is a major event lasting two weeks. The
golf club (9 holes) is located outside the town. It is open every day to the public.
Clubs are available for hire at the clubhouse and the best days to meet and play
with the friendly local members are Tuesdays and Thursdays. However, do not expect
to see a sophisticated golf course by European standards. It is basic, but the
views are fantastic. Imagine finishing the game just before the sun dips over
the horizon across the blue shimmering sea? Back
to Top 17. What is the official language
in the TRNC? The official language is Turkish; however English
is a business language and widely spoken. Back
to Top 18. What is the time difference
with UK? Turkish Cyprus is two hours ahead of UK GMT time.
Back to Top
19. Is TRNC recognised elsewhere in the world?
The TRNC has an Embassy in Ankara and Consulates in Mersin and Istanbul; Offices
of Representatives in London, Washington, New York, Brussels, Pakistan and Abu
Dhabi's Honorary Representatives in Italy, Germany, Austria, Canada, South Africa
and Finland. There is a Turkish Embassy, British High Commissioner
and German Consulate in the TRNC. Back
to Top |