property-northern-cyprus
New Euro Estates lists all properties in Northern Cyprus. Property include villas, land, bungalows, flat, ruins, holiday rentals and new builds.
We are located in Northern Cyprus. Cyprus is an island in
Mediterranean Sea.
It is a really good invesment to buy a property in North Cyprus. It is cheap and
valuable. Buying a property is an excellent choice for your retirement plan or
for your holiday rental.
Properties in Northern Cyprus are classified into 4 title deeds: Freehold with foreign title, freehold with Turkish title, TRNC title and leasehold title.
New Euro Estates in Northern Cyprus, serves hundreds of property
queries made by our potential customer via our web site.
We insist that we list every single property that is available in Northern
Cyprus.
Properties - List of all properties.
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Property Northern Cyprus is all about comfortable relaxing beautiful island, Cyprus. Property in Northern Cyprus is within reasonable prices and probably lower than any other European country.
Land and Property Purchase
With regard to the purchase of land or buildings, we will first look at the
different types of property in Northern Cyprus, and the title deeds which one is
likely to be offered.
a) Clean freehold title - British or other foreign ownership pre-1974, with
title deed (kocan), clearly stating that this is the case. Internationally
recognised deeds.
b) Clean freehold title - Turkish Cypriot owned pre-1974. These deeds are 100%
safe, but before the property can be registered in your name, an application
must be made to the Council of Ministers for approval. Foreigners are limited to
one donum per person (husband and wife count as one person unless they have
different surnames). The procedure to obtain approval will take about four to
six months or so.
c) TRNC - kesin tasarruf - absolute possession document - title deed. This is
property or land that was in Greek Cypriot ownership pre-1974. When the Turkish
Cypriot refugees came to the safety of the north cyprus after July 1974, they
left all their possessions behind in the south. Accordingly, the Government then
assessed on a points basis, the value of the refugee's forsaken assets in the
south. With these points, the Turkish Cypriot refugee could take a relinquished
Greek Cypriot house or land in compensation for his lost properties. He would
then sign over his properties in the south to the TRNC government, who would
then hold them pending a negotiated settlement between the north and south
Governments. The refugee would then be issued with a title deed for his newly
recompensed property. Until he received this title, he would not be in a
position to sell. Our feeling is that as the island is heading, albeit slowly,
for some sort of solution, whether it will be a negotiated settlement or
annexation to the Motherland, then the TRNC title deed properties can be
considered safe to purchase.
d) Land or property - Greek Cypriot pre '74 - no title deeds - yet unissued.
Some people offer for sale, for relatively nominal sums, these properties
without deeds. They are sold for "air money" or "goodwill" usually, these need
the purchase of additional points before the title deeds will be issued. It is
our opinion that agreements should not be entered into for property that does
not have a title deed issued by the relevant authority.
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