Northern Cyprus properties became more popular when the world discovered this very untapped island in the Mediterranean. While property prices have increased some, prices are still below normal prices in the UK and Southern Cyprus. Before deciding to buy a North Cyprus property, you should visit the island and explore it so that you find the areas that offer the best and most pleasant views. You should also take steps to ensure that your property is purchased from a vendor who has the rights to sell the property.
If you are a foreigner looking to buy a Northern Cypriot property, you should use the services of a reputable real estate agent and local attorney. Before hiring an attorney to represent you in your purchase, you should check to make sure that he or she is not interested in the property or is not a business partner of the seller. A reputable attorney will help make purchases safer and easier for you.
One of the most important steps when buying a Northern Cyprus property is to make sure the property has a title deed recognized by the TRNC (Turkish Republic of Northern Cyprus). There are several types of deed of ownership and your attorney should be able to advise you on these. When you hire a lawyer, it might be a good idea to give him a power of attorney so he can sign important papers if you are going abroad.
Some things, such as approval of a purchase by the Advisory Board, can take as long as 6-18 months, and your attorney must be able to sign the paperwork to complete the sale once your purchase has been approved. After you decide on a property, your attorney must draw up a contract outlining the terms of sale. Your attorney can also help you pay the appropriate fees and taxes. Once your attorney has received approval for the purchase, he or she can sign the necessary papers to change the title to your name.