Land Title in North Cyprus

“Rich dad taught me how to start businesses and invest in real estate. I follow this formula all the time,” Robert Toru Kiyosaki once said.

Today we will talk about real estate in North Cyprus. Investing in real estate is one way to create passive income. The most important thing is to learn how to look for good deals in the real estate market and buy new assets in order to make a profit. And the easiest way is to buy real estate and then rent it out. In order not to make a mistake with investments in North Cyprus, it is necessary to know the information about the titles. A land title in North Cyprus is a title deed with the number of the land plot (in the Land Registry Register), the size of the plot, the buildings on the plot, the name of the owner, etc.

Classification of titles

• Turkish title – Land previously owned by a Turkish Cypriot until 1974. A foreign (English, German or French) title has similar advantages. This means when a particular piece of land was owned by a foreigner (not Turkish or Cypriot) before 1974. In the property documents received for lands with a Turkish title, there will no longer be an indication of the title of the land. The reason for this is that all land officially has the title of land of the Turkish Republic of Northern Cyprus.
• The Exchanged is land formerly owned by Greek Cypriots and arose as a result of the exchange of land between Greek and Turkish Cypriots in 1974. The right to this land is guaranteed by the TRNC government.
• TMD is land owned by the UK government. This land was given as a reward to Turkish soldiers who took part in the 1974 war. The likelihood of any difficulties with this land is extremely small (there are no precedents in the history of the country).
• Leasehold is state land that is intended only for lease for up to 49 years, with the right to renew.

Having a title deed will provide you with complete freedom in the event of the sale or re-registration of your property. You will not need to contact the landlord (whose signature is required in the new contract of sale) in case the titles have not yet been obtained or transferred. Always remember! The governments of Northern Cyprus and Turkey are the guarantors of the inviolability of property rights in the territory of the TRNC.

Name translation

And if we need to transfer real estate from one name to another within the next few years (1-3 years). Everything is even simpler – we will immediately plan it and you will not have to pay any taxes. In general, we do not have bureaucracy, everything is extremely simple! The laws work clearly, the officials are very friendly and friendly. You will love North Cyprus. Come… 🙂

Where is it better to live?

We are often asked: “Where is it better for us to buy real estate by the sea or closer to the mountains”? This question is ambiguous, because you have to decide for yourself. Since, you will have to live further, and not someone else. Therefore, we will tell you in more detail. For example, the proximity of the sea will give you a beautiful view, fresh air and plus the beach within walking distance. And also, proximity to various entertainment venues. However, it can be damp and windy near the sea during a storm in winter. And if you choose proximity to the mountains, then there the house and the plot will definitely be larger for the same money. For example, there is most often more greenery, peace and tranquility, and no one has canceled the beautiful views into the distance. But, then you will have more opportunities for walking, for example, to the sea to swim. Although, no one has canceled cars 🙂 Choose… The last word is yours!

Residence permit (residence permit)

To obtain a residence permit in Northern Cyprus, in fact, it is not necessary to immediately purchase real estate. To do this, it is enough to show the state authorities a contract, for example, on the rental of housing and a sufficient amount on the account to live in Cyprus for a year. Usually, we recommend to our buyers if they need to apply for a residence permit right away, and there is no money in the account. Then, first transfer the money to pay for the property to your account, The second step: get a residence permit, and then pay for the property with this money. And if it’s a secret, then we have Vera and Dina dealing with these issues. These are specialists with vast experience and knowledge of all the intricacies of document management in the TRNC. Catch their contacts:

• • Diana Bash (Residency Consultant) +90 533 826 0449

  • Vera Ford (Residence Permit, Air Ticketing and Pet Transportation Specialist) +90 533 840 4838

Turkish title deed

Here is an example of a Turkish title in Northern Cyprus. This is a villa in Bellapais. It has an excellent location, because the center of Kyrenia is only 5 minutes away. By the way, there is a language school and a university nearby. If we talk about the villa, it is fully furnished and ready to move into. It should be noted that a major overhaul has recently been made. It is very spacious, and what is important – it has a large plot of land. There is also a private pool and a barbecue area. On the ground floor there is a living room, a kitchen and two bedrooms. There are also 2 bathrooms. A marble staircase leads to the second floor. There are also two bedrooms, one of which has been converted into an office. In addition, there are two large terraces, one of which can easily be converted into a full-fledged room. If you want to start a small renovation, then everything is in your hands. I want to note that all bedrooms have laminate flooring. And the view, what kind of view is here… panoramic windows make this villa an excellent option for buying property in the TRNC.

Undoubtedly, the purchase of this villa is a great opportunity to settle on the shores of the Mediterranean Sea. The island is always waiting for new guests!
Philip Babenko +90 533 840 3183

Exchange title deed

Also, here is an example of an exchange title in Northern Cyprus. We present to your attention a new villa (Ozankoy). This property is located almost in the center of Kyrenia. Which is also undoubtedly one of the advantages, since the entire urban infrastructure will be at your disposal. Upon entering the house, you find yourself in a large living room with an open plan kitchen. The kitchen set is built-in and quite a long length along the entire length of the living room. So you won’t have any problems with free space in the kitchen. You will be able to accommodate everything you want. In addition, the price includes a built-in refrigerator with two doors. Also on the ground floor there is a guest bathroom. And from the living room you can access a large terrace of 26 m2. In addition, the project provides a dressing room and a laundry room. The house has 3 bedrooms and each has very roomy built-in wardrobes of unique design. The rooms are very spacious with high ceilings and decorated walls. One bedroom is a guest bedroom located on the ground floor. The master bedroom and the children’s room are on the second floor. The master bedroom has an en-suite bathroom of stylish design with two sinks. The children’s room also has its own bathroom. And this is a great solution.

Pension in Northern Cyprus

According to Live and Invest Overseas, Northern Cyprus was in the top 10 in the world for retirement in 2022. Located on the other side of the world, this island offers year-round sunshine, pristine beaches and clear blue waters… Everything you need for a great holiday. The main language is Turkish. But, English is widely spoken, and it is easy to do business here. The expat community is large and welcoming, the culture is rich, and the crime rate is low. But most importantly, these are incredibly inexpensive real estate investment opportunities. 1+1 apartments in modern well-maintained complexes cost from 70.000 USD. Iskele, for example, on the east coast, is known for having the most beautiful and longest beach on the island, as well as seafood specialties.

Kyrenia is a small town on the northern coast of Northern Cyprus, sandwiched between the Kyrenia Mountains and the warm waters of the Mediterranean Sea. It is home to seaside hotels, restaurants and beach clubs, but it is best known for its old harbor and castle. And Famagusta is a charming town located on the southeast coast of Northern Cyprus. It is a walled city surrounded by roughly rectangular ramparts built by the Venetians in the 15th and 16th centuries.

Need help?

If you need help in preparing documents, reissuing titles and much more, then contact VELES for all questions.

I want to buy tickets to TRNC

This is Vera Ford. She will help you buy tickets and make a comfortable route to Northern Cyprus.

• Mobile: +90 533 840 4838
• Language: Russian, English, Turkish

Real Estate in North Cyprus

Source: Veles Enterprises Article prepared by: Valerii Veles

If you have any questions regarding a residence permit, buying air tickets. As well as questions about apostilled powers of attorney, please contact Veles Property. Our contact phone numbers: +90533 826 0449 (Diana), +90533 840 4838 (Vera)