Buying Properties in North Cyprus
Tourism is considered one of the driving sectors of the Turkish Cypriot economy and Kyrenia is considered the capital of tourism in Northern Cyprus, with its numerous hotels, entertainment facilities, vibrant nightlife and shopping areas
Procedures for Buying a property North Cyprus
North Cyprus offers lucrative opportunities for real estate investors with its beautiful Mediterranean climate, beautiful beaches, rich history and culture, and affordable cost of living. There are many advantages of investing in real estate in North Cyprus:
1. Research and Determine Budget: Start by researching the real estate market in North Cyprus to understand property prices, locations, and regulations. Determine your budget based on your financial capability. We have very wide property portfolio to suit your budget and preferred location in Northern Cyprus.
2. Engage a Real Estate Agent: Başpinar Estate Services is a reliable and licensed real estate agent who specializes in properties in North Cyprus. We will assist you in finding suitable properties based on your preferences and guide you through the entire process.
3. Property Selection and Viewing:Visit North Cyprus to view properties that meet your requirements. We can arrange property viewings to get a better understanding of the options available.
4. Legal Due Diligence: Once you find a property you are interested in, conduct legal due diligence with the help of our team of solicitors specialized in North Cyprus property law. This step ensures that all necessary legal paperwork is in order, and there are no outstanding issues attached to the property.
5. Agreement and Reservation: If you are satisfied with the property, you can negotiate the terms of the sales agreement with the seller or developer. Once both parties agree, sign the agreement and pay a reservation fee to secure the property. Our solicitors will handle the legal aspects of the purchase. They will handle the necessary searches, title transfer, and ensure compliance with local laws and regulations.
6.Title Transfer and Completion: The solicitor will arrange for the completion of the sale, including the transfer of the property title. During this process, you will need to pay any outstanding fees, taxes, and legal expenses. After completion, they will register the property in your name at the Land Registry Office, ensuring your ownership rights.
7. Post-Purchase Tasks:Once you become the official owner, you can proceed with property insurance, utility connections, and any necessary renovations or furnishing. It is crucial to consult with us and our solicitors throughout the buying process to ensure a smooth and legally sound transaction.