Construction companies in Northern Cyprus

Developer companies in Northern Cyprus: complete list for 2024

The real estate market in Northern Cyprus is an excellent investment opportunity. If you are someone who is looking for a place to invest, North Cyprus is the perfect choice. The country attracts many tourists worldwide due to its beautiful beaches, sunny weather, low crime rate, and high quality of life.

It's worth noting that the main reasons why it's worth buying a home in Northern Cyprus are the beauty, hospitality of the locals, clear sea, rich history, quality, and affordable real estate by European standards. Thanks to these qualities, housing in Northern Cyprus is in great demand among buyers. In general, the construction sector in this region is doing well, and today developers offer modern and quality housing, which can be purchased at fairly affordable prices. Every year in this part of the island, sales of new homes grow with an arithmetic progression - an average of 10% per year.

In Northern Cyprus there is inexpensive real estate, you can purchase on favorable terms and quickly enough. When buying property on the island, it's worth considering that one of the "pitfalls" may be the disputed status of the land. Partially in Northern Cyprus, the land belongs to the Greek Cypriots, who live in the south of the island. After some time, real estate was built in several places on these lands - and there is a risk that the former owner will lay claim to his property.

That is why experts recommend buying housing from trusted developers. New projects are being developed by reliable developers on plots of land that don’t have a controversial status and the documents for them are completely legal. In addition, secondary housing is also a profitable purchase. But in this case, you should carefully check all documents for the property, using the services of an independent lawyer. In addition, a special Commission has been created to resolve any conflict situations in Northern Cyprus.

DEVELOPERS IN NORTHERN CYPRUS

The primary property market in North Cyprus is developing at an incredible rate and sales volumes are growing steadily. Many people recommend that it's profitable to buy housing at the construction stage in the region, because after commissioning it automatically increases in price, and the buyer wins up to 20% when selling the property.

Leading construction companies offer a profitable installment plan, which is calculated individually and this allows you to plan your budget in advance. Most investors prefer to buy blocks of apartments. In this case, the developer practically sells the property at cost, and the buyer gains a significant 35% on resale. But, of course, this applies only to real estate that is in demand among buyers, built in accordance with modern standards, has a convenient location, and is reliable. Guarantee of a profitable deal is a proven construction company.

How to choose a developer?

To choose a developer, you should study the portfolio of already completed projects, how well the deadlines for putting the property into operation are met, and good customer reviews on the Internet. Buyers prioritize local companies that have already established themselves in the markets for a long time and will not disappear in case of disputes.

In addition, when choosing a developer from whom you plan to buy real estate, it's recommended to come to the place and visit the already completed properties. It also doesn't hurt to talk to residents and ask them to share the advantages and disadvantages of housing. The local population is very friendly and ready to help. And already at the developer's office, you should request an archive and carefully study the details of projects already submitted, and ask them to show the titles and the main documents for the property that the buyers received.

CONSTRUCTION COMPANIES IN NORTHERN CYPRUS FAQ?!

In which area of Northern Cyprus is it better to live?

Kyrenia and Famagusta are the most popular resorts in Northern Cyprus. One of the advantages of living in these cities is the proximity of the sea, so you get the opportunity to breathe healthy sea air 365 days a year. And in Kyrenia, there are the most prestigious schools and relatively inexpensive housing from developers.

How about working in Northern Cyprus?

Foreign citizens, to officially find a job in Northern Cyprus, must open a work visa. The second option is to enter a university in Northern Cyprus. Buying property in Northern Cyprus is the basis for obtaining a permanent residence permit, and this gives the right to obtain a work permit. Compared to other regions, there is no acute problem of unemployment in Northern Cyprus.

In turn, working in Northern Cyprus is a rather pleasant process of combining work with the contemplation of beautiful seascapes, and visiting attractions, entertainment venues, and beaches in your free time.

What does the residence permit of Northern Cyprus give?

The residence permit gives the right only for permanent residence in the territory of Northern Cyprus. However, a residence permit doesn't give you the right to work or conduct business on the island. For this, you need to obtain additional permission.

How to get to the north of Cyprus?

There are several ways to get to the territory of northern Cyprus - through a checkpoint between the two parts of the island of Cyprus or by plane or ferry from Turkey. To visit, you must first apply for a visa, which is issued instantly and can be obtained electronically.

What not to do in Northern Cyprus?

Northern Cyprus is a predominantly Muslim region and the same rules and laws apply here as in Turkey. The region prohibits the import and drinking of strong alcoholic beverages in large quantities. It's also not recommended to travel to the territory of the southern region with a visa for Northern Cyprus.

How long can I live in Northern Cyprus?

If you have a visa, you can stay in the region for 90 calendar days. If you have a residence permit, then the period of residence corresponds to the period of validity of the residence permit.