How can foreigners purchase real estate in Northern Cyprus?

The division of Cyprus and its consequences

Since the beginning of 1974, Cyprus has been divided into two parts: Greek and Turkish. NorthernCyprus, which occupies approximately one third of the island's area, is the Turkish zone. However, it should be noted that this entity is not recognized by the international community.The President of Turkey is actively opposing the idea of uniting Cyprus....which reduces the chances of a change in the political situation on the island in the foreseeable future.

How to get to Northern Cyprus

If you decide to visit Northern Cyprus, the easiest option would be to land at the airports of Larnaca or Paphos, and then head to the "green line." This is a de facto border where checkpoints are located throughout the island. The most popular crossing is in the Nicosia area, where there are organized vehicle and pedestrian passages available around the clock. To enter NorthernCyprus, you won't need a visa; just complete electronic registration at the checkpoint.

Rules for crossing the border

If your goal is to visit the southern, Greek part of Cyprus, it is not recommended to land at Ercan Airport or enter the ports of Kyrenia or Famagusta. Otherwise, your stay will be limited to the northern part, and you will have to return to Turkey. Keep in mind thatCrossing the border can be perceived as a violation.From the perspective of the Republic of Cyprus, this makes your presence in Cyprus, according to the Greek side, illegitimate.

Changes in border crossing rules from March 1, 2022

Since March 1, 2022, changes have been made to the border crossing rules:

• For individuals who have been vaccinated against COVID-19 or have recovered from it, testing is not required.
• Those who are not vaccinated must have a negative PCR test taken no more than 72 hours before the trip.
• It is also possible to provide a test result for the antigen, valid for 24 hours.

Growing interest in real estate in Northern Cyprus

In recent years, there has been a growing interest in the residential real estate market in Northern Cyprus. Previously, this sector faced challenges due to the uncertainty of its legal status, but now it is becoming increasingly attractive to foreign investors. Citizens of various countries are increasingly considering:

• Acquiring property on this picturesque island.
• Active development of the real estate market.

Thus, you have the opportunity not only to enjoy a wonderful vacation in Cyprus but also to make a profitable investment in real estate.

Buying property in Northern Cyprus

Currently, purchasing real estate in the northern part of Cyprus has become a fairly straightforward process for foreign citizens, especially considering the reasonable price-to-quality ratio.

Legal aspects

An important aspect is that Turkish Cypriots have the legal right to sell their property to citizens of European Union countries and other states, based on previously reached agreements. These arrangements establish certain conditions for the coexistence of the two communities of Cyprus — Greeks and Turks, which exist under the administration of two different authorities: the Greek administration controlling the south and the Turkish administration responsible for the north.

Legislation and international agreements

Each of the administrative structures has its own legislative bodies that regulate issues related to real estate transactions and define property rights in accordance with current laws and international agreements organized with the support of the UN. This implies that at the international level, there are no restrictions on purchasing real estate in Northern Cyprus.

Property rights

Both Turkish Cypriots and foreigners who purchase property from them act in accordance with the norms of the law, and their property rights are confirmed by international agreements.

Conclusion

In conclusion, I would like to emphasize that Northern Cyprus represents a unique opportunity for foreign investors and tourists looking to enjoy beautiful landscapes, a warm climate, and affordable housing prices. Although this territory remains an unrecognized state, this should not deter potential real estate buyers. Transparent legal processes and existing international agreements open doors for those who seek to invest their funds in this area.

It is important to remember that, despite some political nuances, the real estate market in Northern Cyprus is developing more actively, and the demand for it is steadily increasing. As a specialist in this field, I can confidently say that you can find both residential and commercial properties here to suit any taste and budget.

Popular cities for investment

For example, the cities of Famagusta and Iskele attract many buyers with their stunning coastline, high quality of life, and rich history.

Now that the borders have become accessible for crossing and purchasing real estate has become easier for foreigners, you have a unique opportunity to become part of this amazing corner of the world. I hope my article has helped you better understand how to get to Northern Cyprus, as well as the laws regarding real estate purchases. This part of the island has great potential for investment and creating a cozy home.

Why should one consider Northern Cyprus?

• Affordable priceson real estate.
• Modern infrastructureand comfortable living.
• Picturesque viewsand high environmental standards.
• The friendliness of the locals.
• Investment opportunitiesin various types of real estate.

When thinking about the prospects, don't forget about the unique culture, cuisine, and the friendliness of the locals that will make your stay here even more memorable. If you are looking for an alternative place to live or invest, Northern Cyprus will definitely not disappoint you. I invite you to consider this option and discover all the charms it has to offer.