What do you know about buying property in north Cyprus?
What do you know about buying property in north Cyprus?
North Cyprus is most attractive to those seeking to buy property. A non citizen can buy one property according to a new law and many tourists who are planning on making north Cyprus their family vacation spot are looking for suitable accommodations.
Buying property in north Cyprus is pretty simple. There are many properties on the market and you can find what ever you are looking for if you search long enough.
Most of the properties for sale are mediated by a broker. When you choose a broker better try to find out about him before hand, because there are frauds even in this line of work.
A good broker is one that would explain the tax liabilities to you. He would tell you the law applying on non citizens wanting to purchase property in north Cyprus and he would of course offer you various properties that fit your specifications.
You must be aware that prices of properties in northern Cyprus tend to fluctuate. You better try to buy property when prices are low so you make a better deal. Also when prices are low the broker fee will be lower, which means you cut expenses in both ways.
