B U Y E R ' S G U I D E
Advantages
of Buying from NCP
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Pay
Only 5% Instead of 15% VAT.
For the non-citizens, the government recently
raised the VAT from 5% to 15%. NCP is protesting government's
this unfair decision. We will be fighting against this
decision. And, we will be paying the 10% difference until
our "clever politicians" changes the unfair
decision. |
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Two
Years Rental Income Guarantee. |
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After-sale Maintenance & Rental Service (Click
HERE for more information). |
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10 Years Construction Guarantee (insured by UK insurance
company). |
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Long
Term Payment Options (Click HERE
for more information). |
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Inspection
Trip Discount (up to £1000) |
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Proffessional
Customer Care Throughout the Construction Period.
NCP Customer Care Dept will be together
with you throughout the construction period. You will
also be provided an account on our server with a username
and password. Through this account you will be able to
see your payment details (like an internet bank acount),
your choices for your house (colours, tiles, kitchen,
extras, etc.), pictures and panoramic views of your house
and the surroundings, information about the progress,
etc. |
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NCP
Accommodation Advantage
You can stay in several hotels in North
Cyprus with up to 40% discounts. Among these hotels are
the Colony Hotel, Dome Hotel, Rocks Hotel, Bellapais Monastery
Village, etc. |
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Property
Title Deeds & Purchase Procedure in the TRNC
The Turkish Republic of Northern Cyprus enjoys a typical Eastern
Mediterranean climate with long hot summers and short mild
winters. The northern coastline which borders the Girne (Kyrenia)
mountain range is accepted as being one of the most beautiful
areas in the world in which to live. The natural beauty of
the island, the lovely climate, the warmth and generosity
of the Turkish Cypriot people and the abundance of fresh foods
make Northern Cyprus an unspoilt and uncommercialised haven.
There is virtually no crime to speak of and this country is
reminiscent of UK standards long lost where hospitality, politeness
and the general enjoyment of life are the daily norm.
As this country eases towards a settlement with the south
of the island and a possible accession into the European Union,
we examine the pros and cons of the freehold and leasehold
property purchasing opportunities. The most crucial factor
in buying property, whether it be land or buildings, is to
use a qualified lawyer in all cases for all contracts and
Government applications. There are various forms of title
deeds, as described below:
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Additional
Costs
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The
purchase permit application costs between £ 750
and £ 1,500. |
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15%
VAT (only 5% for NCP customers)
Note: VAT is paid when you get the title into your name.
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6%
tax which is due to be paid to the Registry Office (stamp
duty).
Note:
Tax is paid when you get the title into your name. |
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Water
& electricity connection fee (around £500) |
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Solicitor
fee is around £1000. (Solicitors
Page) |
Other
Costs
For a standard family (four
persons) total of all the local taxes
(electricity, water, telephone, municipal ...) is not more
than £150 - £200
per month. Yearly property tax is around £80.
There are no any government restrictions in selling your property.
The seller also pays 6% while selling. If you want to pass
the property to the name of your children then you pay 2/1000.
Construction
& Planning
If
you wish to purchase land and build a house or villa, the
laws are as follows:
a)
Outside the Municipal boundaries, there are restrictions on
the area that one can build on (20% of the land area), and
a height restriction of two storeys.
b)
There are good architects and engineers who will plan and
design your villa at reasonable rates. We are pleased to be
able to recommend reliable practices for interested clients.
Once the plans have been lodged with the District Office,
work may commence.
c)
Land in Cyprus is measured in donums.
1
donum = 1338 m² or 14400 ft²
1
donum consists of 4 evleks
1
evlek = 3600 ft²
1
acre = 3 donums
Building
costs vary, depending on finishing, from £250 per m²
upwards. Most buildings are constructed in the reinforced
concrete frame system that is prevalent in the Mediterranean
countries. Buildings tend to be over-specified, but this can
only be an advantage to the buyer. Materials are readily available
from Turkey, Spain, Italy, Germany and UK. Our construction
team is very reputable and quotes are available upon request.We
have a property management section who will attend to all
your requirements should you wish to rent your property or
have the villa managed in a professional manner. Please contact
us for further details.
Why
North Cyprus
It is true to say that retired people and
families who come to live in Northern Cyprus enjoy a much
higher standard of living than their UK counterparts, with
pensions having a much higher purchasing power, and with the
reassuring knowledge that one is living in a safe environment.
For
younger people with families, there can be no finer, safer
and healthier environment in which to raise one's children,
and being in a position to earn one's living in Northern Cyprus
can only be considered a bonus.
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TRNC
Title Deed Problem
IS
IT SAFE TO BUY PROPERTY IN NORTHERN CYPRUS ?
During
the last 30 years (from 1974 to 2004) so many people asked
this question. And, the Turkish Cypriots answered as YES while
the Greek Cypriots answered as NO. The last 30 years showed
that the Turkish Cypriots' answer applies. YES, it is safe
to buy in Northern Cyprus. Whoever bought a property within
the last thirty years is still owning, using, renting and
selling it. Moreover, after the referandum on 24 April 2004
for the United Nations (Annan) Plan which offerred a fair
solution to both sides and fanatically refused by 76% of the
Greek Cypriot population, for the first time since 1974 the
Turkish side got the chance to show the rest of the world
that it is not the Turkish Cypriots who has been dividing
the island. By accepting the Annan Plan (Kofi Annan: the UN
General Secretary) with 65% the Turkish Cypriots accepted
the unification of the island. Turkey's and Greece's troops
would go back to mother lands, both sides would give back
some land or compensate accordingly in a fair way, and the
island would enter into EU as a whole. However, by trusting
the Greek Cypriots the EU countries made the same mistake
as the Turkish Cypriots did in 1960. The Greek Cypriots were
shouting so loudly as if they want the unification of the
island that the EU countries were 100% sure that the Greek
side would accept the Annan Plan and therefore they signed
the acceptance of the Greek side into EU before the referandum
of the plan. And, of course after the referandum they were
shocked by the Greek Cypriots who refused the plan which they
had said they would certainly accept. Now the big boss feel
cheated. The Greek side who refused the plan is mistakenly
awarded by the EU, but there is no way back. The only way
is to in a way recognise the Turkish Cypriots; the 200.000
unfairly punnished peacful people of the island. I can see
from their recent talks that the Great Powers of the world
have a more clear mind about the "Cyprus Problem"
now, and they are going to sort it out. It looks like that
the 'Helen History' will not be enough this time for the Greeks
to seem 'lovely' to the the world. By refusing the United
Nations' Unification Plan the Greek Cypriots refused their
claims on the lands in the north of the island. After their
attack to the Turkish Cypriots in 1974, the refusal to the
Unification Plan of UN is regarded as the second biggest mistake
of the Greek side - the first mistake was to try to apply
the Akritas Plan (greek nationalists' plan to integrate the
island to the Greece). As Turkish Cypriots, we are now more
legal than any other nation on the world, because we accepted
the peace, because we accepted the unification, because we
accepted whatever the United Nations offered, because we have
been doing our best to peacfully join to the rest of the world.
What else can we do? Yes, it is 100% SAFE to buy property
in Northern Cyprus.
Osman
Ozter
30 April 2004
Below is another article from Osman Ozter, the NCP director,
explaining 'what Cyprus problem is' in his reply to a customer
e-mail.
The
Cyprus Problem is not a "simple problem of invation of
the Greek properties"....
(14 August 2003)
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Learn
About the Region of Your Interest
Kyrenia (Girne) - A Piece of Earth from Heaven
The
most beautiful holiday paradise of the island GIRNE, according
to a tale,
was established by Achaeans coming from Peloponnese in the
10th century BC.
Its founders gave it the name of Kyrenia, the name of a mountain
in their homeland.
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Bellapais
- Temple of Peace
Bellapais is an ancient village of charm and tradition;
its narrow streets and local shops create the feeling
that you are still in old Cyprus. It is superbly situated
on a natural rock escarpment, halfway up the northern
hill slopes, magnificent views of the Kyrenia coast
below, rugged pinnacles of the Kyrenia range tower behind.
Bellapais is famous for its Abbey ...
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Lapithos
- where the green
mountains meet the blue sea
Situated west of Kyrenia, Lapta reflects its past glory
into its role as one of the jewels in the crown of North
Cyprus's tourism industry with its abundance of historical
sites, natural beauty, hotels, restaurants and beautifully
restored buildings.
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Ozanköy
- olives, carobs and lemons
Ozanköy is one of the most beautiful villages on
the foothills of the Kyrenia Range. The perpetual charm
of this village is due to its closeness to nature. Its
wide residential area is engulfed by acres of olive,
carob and lemons ...
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Karpaz
Just
1hr 30 minutes drive from Kyrenia and you are in the northeastern
region of Cyprus known as "The Panhandle", or The
Karpaz. A visit to this magical part of the country is a must;
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What
Others Said
Inspection Trips?
The
best indication of whether you would be interested in purchasing
here is to obviously visit. NCP will be more than happy to
organize an exploration trip for you, with hotel bookings,
taxi, car hire etc. Please let me know if something like this
would be of interest to you. If you did choose to purchase
a home with NCP then your inspection trip will be refunded
back to you up to 1000 stg! What better incentive!
We recommend that you fly into Northern Cyprus via our modern
and efficient airport, Ercan. The main carrier to Ercan is
Cyprus Turkish Airways, they fly in from all over Europe www.kthy.net
Hire cars are always a good option, we can arrange a car of
your choice for the duration of your trip. This can be collected
at your hotel or at our offices, whichever is more convenient
for you.
NCP has many agreements with local hotels, such as The Colony
(5 Star), Rocks (5 Star) and Dome Hotel (4 star) these are
all in central Kyrenia, however if you fancy the beach then
we can also arrange for you to stay in may of the sea front
hotels, such as Jasmine Court (5 star). Its up to you!
All our staff know the best places to eat, drink and be merry!
Just ask, they may even help you have fun!
Please do not hesitate to contact a member of the sales team
for further information. We look forward to hearing from you
soon!
Contact
Us
Moving
to North Cyprus
The
northern coastline of Cyprus is accepted as one of the most
beautiful areas in the world in which to live. Northern Cyprus
has a vibrant history, the warmest welcome in the Mediterranean
and enjoys a typical Eastern Mediterranean climate with long
hot summers and short mild winters. The natural beauty of
the island, the friendliness, hospitality and generosity of
the Turkish Cypriot peoples...
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British
Society
The
British Community is growing very fast as more and more British
couples (retired and families with children) buy a property
in Northern Cyprus and come to permanently live on the northern
side of the island ...
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Build
Your Own House
Building
a house in Northern Cyprus remains one of the most inexpensive
alternatives to become an owner of the luxury property in
Mediterranean ...
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FAQ
- Frequently Asked Questions
Can
I pay for the property from overseas ?
Yes, this can easily be done from any international bank directly
into our HSBC International Bank account.
Who
will look after my property whilst I am not here ?
North Cyprus Properties can care of your property. We have
a fully managed service and subject to your approval, for
example, we can take care of utility bill payment, security
and general maintenance for a small monthly fee.
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Other
Useful Links:
North
Cyprus Estate Agents - provides unique properties of Northern
Cyprus
North
Cyprus Hotels Travel Agency - North Cyprus Hotels Directory
featuring hotels with photos and descriptions.
North
Cyprus Car Hire
Holidays
Hotels Guide
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