Buying a house in Northern Cyprus
Explore the enchanting charms of North Cyprus: your perfect retreat awaits!
Invest smartly and have a fantastic living experience?
In North Cyprus, you get higher returns than in many other countries under tax-friendly conditions
Located in the azure Mediterranean Sea, North Cyprus draws you in with its magical mix of ancient history, sun-kissed beaches and fascinating culture. Take a trip to a land where time seems to stand still, but where every moment is full of possibilities. Imagine strolling through the cobbled streets of Kyrenia, where medieval castles overlook emerald green hills. Feel the warmth of the sun on your skin as you relax on pristine beaches, overlooking the crystal clear waters of the Mediterranean. Immerse yourself in history as you explore ancient ruins and archaeological sites that tell stories of civilizations long gone. From the ancient city of Salamis to the Byzantine wonders of Bellapais Abbey, every step reveals a new layer of North Cyprus' rich heritage. Indulge your senses with the vibrant flavors of Cypriot cuisine, where tantalizing aromas and fresh ingredients come together in a symphony of tastes. Whether you enjoy traditional meze dishes or fresh seafood, every meal is a culinary delight. For adventurers, North Cyprus offers a playground of outdoor activities, from hiking in the rugged Kyrenia Mountains to diving in the depths of the Mediterranean Sea. Whether you like adrenaline or exploring nature, here you will find something to fuel your passion for exploration. Escape the mundane and embrace the extraordinary in North Cyprus. With its timeless beauty, warm hospitality and endless exploration opportunities, it is not just another destination - it is a unique experience.
Why buy in North Cyprus
Besides, of course, the wonderful climate and leisurely pace at this tourist destination
Investing in property in North Cyprus offers a host of advantages, making it an attractive option for both local and international buyers. The first of these is affordability. Compared to many other Mediterranean destinations, property prices in North Cyprus are currently still relatively affordable. Thanks to this affordability, buyers get better value for their investment, whether they are looking for a holiday home, a rental property or a permanent residence. Mind you, here too foreign buyers have discovered the great potential for appreciation and high returns, resulting in rising prices, so be quick and take advantage of the low prices! North Cyprus is experiencing steady economic growth and development, which translates into promising potential for property value appreciation. As infrastructure improves and tourism continues to flourish, property values are expected to continue to rise, which is very nice for investors: a solid return on their investment. This return is achievable not only from appreciation but very much from rentals. Rental returns are unprecedentedly high in North Cyprus, an ROI of 8% is certainly achievable in most cases and in many cases even higher than that. Let us inform you about the possibilities.
The advantage of Cyprus is its low taxes and relatively high income tax threshold. Moreover, there is no wealth tax and property tax. However, there are other taxes, fees and rules to consider when buying a home in Cyprus. In addition, if you live in Cyprus for more than 3 months, you must register as a resident. As a homeowner, you can also apply for permanent residence. In terms of permits, Cyprus is somewhat stricter than in the Netherlands. For example, as a foreigner, you must apply for a purchase permit to buy a house and you cannot simply rent it out. Our local partners will be happy to advise you and put you in touch with the right authorities.
It is quite possible to get a mortgage if you buy a house in Cyprus. You pay an interest rate of 4% and you yourself have to put in about 30% of the purchase price. In addition, there is a 1% registration fee on the amount borrowed.
Although there are not many requirements and rules for buying a (second) home in Curaçao, a Dutch real estate agent is still a great advantage. For example, Mijn2ehuis.nl is always your first point of contact, but our partners help you make the local contacts. View our Curaçao offerings through this page and find your dream home. If you have any questions, please feel free to contact us. We are at your service.
Buying property in North Cyprus? Mijn2ehuis.nl is your Dutch real estate agent
As you can read on this page, buying a second home in Cyprus goes a little differently than in the Netherlands. Fortunately, Mijn2ehuis.nl and its partners can advise and help you in this regard. We work with local parties who know the rules and can put you in touch with the right parties. We ourselves, of course, remain your main point of contact. So if your dream home is among them on this page, don’t hesitate. We invite you to contact us directly. Also, if you have any questions. In some cases, it is even possible to take an orientation trip, so that you can already get acquainted with our offer and the beautiful Cyprus. Ask for our terms and conditions!