North Cyprus property - property in North Cyprus
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Property prices in North Cyprus
in North Cyprus, in comparison with the south of the island and even
more so with other Mediterranean countries such as Spain and Portugal
are unbelievably low. This, however, is already changing as the property
market booms. Now is the time to invest, as growth potential over the
next decade looks set to realize investors a great return.
in North Cyprus
A full 18 hole championship golf course, the first in North Cyprus,
is nearing completion near the village of Esentepe, about 25 minutes
drive east of Kyrenia. The course is scheduled to open in Spring 2006.
Is it safe to buy in North Cyprus?
Yes, as long as you have the right type of title deed. There are 3 types
of freehold title in North Cyprus.
1)Pre 1974 Turkish or foreign title.
2)TRNC Esdeger ( exchange ) title. This is where the Turkish Cypriot
owner has been given this land by the TRNC government in exchange for
an equivalent piece of land , which he or she previously owned in the
South of the island. Esdeger land is increasingly hard to find, especially
close to the sea.
3)TRNC TMD title. This is land where no exchange has taken place, and
there may therefore be some compensation payable as part of a future
political settlement of the Cyprus issue. While most developments are
being built on TMD land.