Tips for Buying Property in North Cyprus
Before arriving in Northern Cyprus, make sure you have access to sufficient funds to cover the reservation deposit on a property. The minimum deposit required in Northern Cyprus is normally £1,000 which can be paid by cash, credit card or bank transfer. Nearly all reservation deposits to Vendors are non-refundable so it’s important to be sure of your financing before reserving a TRNC property.
With many top quality developments now being completed, there has never been a better range of property for sale in North Cyprus, or a better time to invest.
Whether you are looking for a holiday home, property investment or indeed a permanent residence in Northern Cyprus (TRNC), it is important to get to know the area first and decide whether it is right for you.
Armed with your short list of areas, spend the first two days simply driving around and getting the feel of the places you are interested in. Drop into the local café for coffee, and chat to the locals. See for yourself which developments are actually busy with residents or workmen, and those that are standing empty or half-finished.
You need to take the time to compare different homes, as well as different realtors in North Cyprus, before you even think about buying a home there. By taking the time to inform yourself and shop around, you’re making an informed consumer out of yourself, which is always appreciated by the industry. No matter where you currently reside, buying real estate in Cyprus is a completely different process, and needs to be treated as such.
Buying any property is a major financial commitment, so don’t be pressured into signing any agreement. Always employ your own, independent solicitor to advise you and act on your behalf, never one suggested by a property developer.
Article from articlesbase.com