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Apartments and houses in North Cyprus from Kainarja Inshaat at bargain prices.

Apartments and houses in North Cyprus from Kainarja Inshaat at bargain prices.

Apartments and houses in North Cyprus from Kainarja Inshaat at bargain prices.

The prices of real estate in Cyprus are determined by currency and are subject to change depending on the current situation. In property sales and purchase transactions done in English pounds sterling in Cyprus, some homes in certain areas prove to be more costly while others are offered at more affordable prices.

You can buy quality homes built by Kaynarca construction company at bargain prices and you can easily buy residential projects in Cyprus led by this company. People looking for homes for sale in Cyprus, especially for investment, need to consider some important aspects when buying a home.

You can invest by buying affordable homes in the center of Cyprus and thus earn thanks to the appreciation of the currency. Prices for luxury homes that will fully cater for all people's needs range from £150,000 to £250,000 and also vary depending on the areas of North Cyprus. Please contact us for detailed pricing information.

Available neighborhoods for sale in North Cyprus
  • Gazimagusa
  • Lefke
  • Lefkosha
  • Iskeli
  • Girne

A particularly large differences in cost are observed for studio apartments and luxury duplexes, where the maximum price is for luxury houses and the minimum price is for studio apartments. For example, studio apartments in the Lefke area are offered at an average price of £75,000, while luxury and villas in the area are priced as high as £320,000. To take another example, one-bedroom apartments in the Lefkosha area typically sell for £75,000 and offer the opportunity to make a profit with the price increasing over time.

Foreigners buying property in Cyprus

When people are considering buying a home in Cyprus, they should consider that Cyprus is an independent state of NorthernCyprus and that non-Cypriot foreign nationals are only entitled to purchase property in the country. Every member of the family can purchase property and invest in Cyprus. However, in order to be able to purchase multiple properties in one's own name, a person must have international capital and own the company through which the property will be purchased.

The benefits of buying real estate in Cyprus.

Buying a property in Cyprus has a number of advantages over many other countries, including greater scale. The popularity of Cyprus is due to its resort vacation spots, nature, rich history and entertainment options. In addition, its geographical location, proximity to Turkey and high standard of living make it an ideal place to live and invest. Especially for young people in Cyprus there is a unique opportunity to get professional education in English.

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Cyprus offers many advantages for those considering buying property in the region, whether for residential or investment purposes.

The procedures for purchasing property in Cyprus

After purchasing a property in Cyprus and completing the transfer of ownership, it is possible to obtain a residence permit. The residence permit is issued for one year and requires annual renewal. After the 3-year extension period, you can apply for a permanent residence permit in Cyprus. Also, those over the age of 65 may be able to obtain a permanent residence permit once the property has been transferred. For those who hold Turkish citizenship and wish to obtain NorthernCyprus citizenship, it is necessary to obtain a permit to reside and work in Cyprus for 11 years.

Tips for buying real estate in Cyprus

People looking to buy a home in Cyprus should note that it is important to check whether the desired property is part of a new development or new build and to check whether the company constructing and selling is local. You should also make sure that the sales contract has official validity to avoid unpleasant situations during the transfer of the property. Kaynarca's real estate projects in Cyprus are of high quality and if purchased for investment purposes are profitable. Conduct a study based on the residential projects realized by the construction company in areas with high rental income such as Gazimagusa, Iskel, Lefkoşa and Girne. Cyprus, especially in the category of 1+1 apartments for sale, is a very profitable area and if all the necessary conditions and procedures are followed, it is easy to buy a home here for both residential and investment purposes.

Cyprus titles

With regards to the types of Cypriot titles, when buying a property in North Cyprus, the title you receive is called a 'tapu' and choosing the type of title when buying a home or property in Cyprus is important. Cyprus titles include 3 different types, namely Tahsis tapu, Türk tapu and Eşdeğer tapu. The "Türk" tapu view applies to places owned by Turks and British before 1974.

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