Is it possible to buy a property in North Cyprus by credit scheme?

 

Yes, it is possible. Local and international banks cannot provide financing for purchasing property because of unrecognized status of the TRNC. But developers solved this problem and will give you a chance to purchase and pay by installments with 7-10% annual interest. In fact this is a mortgage scheme were the collateral for your loan is the property itself. You can benefit from this scheme as you don't have to provide a lot of documents - only your passport will be enough.

 

Can I buy a property without coming to North Cyprus? What documents are needed?

 

A lawyer that has general power of attorney certified in Turkish Embassy can complete the deal without your presence in North Cyprus. There are only two documents that you need to provide to purchase a property - it is your passport and a certificate proving that you have no previous convictions. Local police offices in your country usually provide citizens with this kind of document.

 

How can I pay for my property in North Cyprus?

 

You can make a payment even without going somewhere - just make an electronic bank transfer via Internet banking system to the account of your solicitor or developer company. You can use the service of bank transfers provided in all international banks. You will need to have a copy of your sale contract to prove purchase of the property in North Cyprus.

 

Life in North Cyprus: language, currency, educational system

 

Though the state language of the TRNC is Turkish, you can hear English speech all over the country. There are a lot of nationalities coming to North Cyprus.

The official currency of Northern Cyprus is Turkish lira (TL), but you can make payments with dollars, euro and British pounds. Almost every bank will open an account in any of these currencies.

Northern Cyprus has well-established educational system. International universities and schools of Kyrenia, Famagusta, Nicosia and other cities attract students from all over the world. Language that is used is English.

 

How can I get driving license in North Cyprus?

 

You are allowed to drive a car using your home country driving license for a three months period. After this you will have to change it to a local document. You should remember that traffic in North Cyprus is similar to UK - it is left-side.

 

Is the quality of medical treatment good in North Cyprus?

 

Medical treatment system is quite developed here. You will always find a specialist who will help you with any medical problem. Treatment in North Cyprus is quite cheap but at the same time you are getting high quality service.

 

What is the religion in North Cyprus?

The main religion of North Cyprus is Islam, but there is no religious discrimination here whatsoever. People from all over the world living here profess different religions. Hospitable locals respect every religion.


How should I choose developer in North Cyprus?

Choice of the right developer company in North Cyprus is very important because the quality of your home will fully depend on the professionalism and experience the developer has. You should also remember safety issues during the purchase procedure. While you are looking for a development company take into consideration factors like how many years this company is presented on the market, what land is used for construction, how wide is their portfolio, how attractive is the future development from the investment point of view. You can always ask things that you want to know from current customer of a particular company and locals.

 

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