NorthCyprusPropertyTop Tip #1: Do Your Research Online Whenconsideringbuying any propertyin NorthCyprus, always research youroptions onlinefirst. Mostorth Cypruspropertydevelopmentshave websitescomplete withglossy sitemaps and impressivefloorplans,which onlytellhalfthe story. For the full picture, joina NorthCypruspropertyonlineforum, whererealbuyers compare experiences of purchasing at specific developments.You can postquestions,or just browse the posttitlesto see which NorthCyprusdevelopers keep theirpromises,and which don't! Best of all are the independent NorthCyprusweb sites;thatofferindependent reviewsof developmentsalongsidecomments fromtheirforum members.
NorthCyprusPropertyTop Tip #2: Pick Your Area
NorthCyprusis a beautiful countrywithseveraldistinctareas,each withtheirown particularappeal. If you are buying a homefor yourself;, decide what you want most; walkingdistance to a sandy beach, or a mountainside locationwithviewsover the sea. The same applies to consideringpossiblerenta;l;markets or investmentpotential;golf tourists willwishto be close to the new courseat Esentepe, whilecouples withyoung childrenwillpreferto renta holiday homeright next to a beach. Makea short list of one or two areas thatinterest you, then checkyouronlineforums for local insights, such as goodschools, top restaurantsor problemswithwater supplies!
NorthCyprusPropertyTop Tip #3: Visit NorthCyprus
At thisstage,don'ttake an inspection trip organized by a developer;you need to be freeto followyourinstincts.Armedwithyourshort list of areas,spend the first two days simply driving around and gettingthe feel of the places you are interestedin. Drop intothe local caféfor coffee, and chatto the locals. See for yourself;which developmentsare actually busywithresidentsor workmen, and thosethatare standing empty or half-finished. NorthCyprusPropertyTop Tip #4: Estate Agent Days
Visit local estateagents and get details of propertiesin yourchosenareas.Onlyaccept details on propertieswithin;yourpricerangeand arrangeviewings for any propertiesthattick all the boxes. Follow the estateagent in yourown car to any propertyviewings, so if you don'tlike them,you can swiftlymove on. NorthCyprusPropertyTop Tip #5: UnderstandingTRNCDeeds
You must ensureyourpropertycomes witha TurkishRepublicof NorthernCyprus(TRNC) freehold;deed. Due to the division of Cyprusin 1974, these come in fourformats;
1. Pre 1974TurkishFreehold Title,for landor propertyowned by a TurkishCypriot before1974.
2. Pre 1974Foreign Freehold Title,for landor propertyowned by a foreign nationalbefore1974. These titlesare internationally;recognized. 3.TRNCExchangeTitle,for landor propertygivento a TurkishCypriot in exchangefor landand propertythey owned in southCyprusbefore1974, and have relinquished theirrightsto.
4. TRNCTMD Title,for landgivento TurkishCypriotsfor military or governmentservice, or to settlers. Allfourtitlesare acceptable, withthe first type commanding around a 30% premium.
NorthCyprusPropertyTop Tip #6: SaveMoney with\'Nearly New\'
If you want to buy a NorthCypruspropertyyou can move straight into, consider resales;at recentlycompleteddevelopments.Your propertyshould be alreadysorted withall utilities, minorsnaggingissues ironedout,and yet the propertyshould stillbe in excellent condition.Unlike new buildproperties, whereyourmoney may be tiedup for two yearswithno return,a resalepropertycan be enjoyed or rentedout as soon as you get the keys!
NorthCyprusPropertyTop Tip #7: Get ProfessionalAdvice Buyingany propertyis a majorfinancialcommitment, so don'tbe pressured intosigningany agreement.Always employyourown, independent solicitor to advise you and act on yourbehalf, never one suggested by a propertydeveloper. With a complex buying process, new tax laws and various permits to be gained, a goodNorthCyprussolicitor is wellworththe modest fees they charge.Again, onlineforums are goodsources of feedback on reliablefirms- and thoseto avoid.About the Author:Read these Cyprus Property Tips written by the illustrious Tim Martins and check out his Cyprus Villa Blog
