Land in North Cyprus can be purchased for many different reasons.
Building your own villa
Some people prefer a villa or an apartment on a holiday complex with lots of facilities,
others may prefer a quiet spot in the country to live in peace and tranquillity.
Then again, maybe the prospect of living in a typical Turkish Cypriot village may
be very appealing. A lot of Europeans and other foreign nationals have found that
adapting to the Turkish Cypriot way of life can lead to a most rewarding lifestyle.
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.
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.
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. The developments taking
place such as the new yacht marina now open at Yenierenkoy on the Karpaz, are expected
to add to return on investments in no small way.
1 Donum 1338 square metres (one third of an English acre)
1 Evlec 334.45 square metres
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
Please CONTACT US with any questions you may have on investing in land or property in North Cyprus.