£1,250,000 GBP
Buy Options – the choice is yours!
Land in North Cyprus can be purchased for many different reasons.
Building opportunities
This particular building plot is classed as Blue Belt land as such is ideal for Touristic development such as a Resturant, or Guest house/Hotel.
Developing
Should you be looking at developing in North Cyprus, you will need to form a Limited Company within the Turkish Republic of Northern Cyprus to do so. We are able to introduce you to relevant solicitors, architects and builders for this purpose
We are able to assist in the whole planning process for those wishing to purchase a plot of land to build a villa or bungalow to their own design. Helping you find and secure the right plot of land with secure Title Deeds is critical. We have a good portfolio on our books but if your ideal is not available we have numerous contacts within the local community and will endeavour to find what you desire. Having secured the land, we can then assist you in employing a good solicitor, architect, and builder and guide you through the processes. Once the building process is underway we will keep an eye on progress to ensure time lines are met according to your contract and that your staged payments are made to the builder as scheduled. Foreign citizens may now purchase up to 5 Donums but may only build one villa on the land.
Pure Investment
Many people are buying land in North Cyprus for investment purposes. There are no complicated concepts that investors need to understand with land, just that there is an ever-increasing demand for building and a restricted supply of plots for sale. Land prices have risen faster than equivalent house prices. This particular plot of land holds original pre 1974 Turkish Title Deeds, the only undisputed land title in Northern Cyprus.
Land sizes
1 Donum 1338 square metres (one third of an English acre)
1 Evlec 334.45 square metres
Build costs
Build costs can vary, dependent on what standard of finish is required. For a standard finish, please allow approximately £400 per square metre. Costs of architects, electric, swimming pools, landscaping and so on can be given on individual plots at the time of viewing.