New-build or resale property in North Cyprus?
New-build or resale property in North Cyprus? which One?
One of the most commonly asked questions about buying property in North Cyprus is about what type of property to buy.
There are actually two types of homes to buy. New build and resale homes. But what is the difference between these houses?
New build properties:
New build homes in North Cyprus are mostly built by construction companies which offer many services such as easy payment plans, rental guarantee, 5-year construction guarantee and support.
The majority of investors pre-purchase new-build homes and become very profitable in the shortest time, and also investors can change and add a lot of features to the purchased property according to their taste.
Resale properties in North Cyprus are reasonably priced and they are usually fully furnished. The VAT is usually paid (purchased property tax is paid only once at the time of purchase of new property) – These properties are not supported and do not have a company guarantee.
Due to the fact that the resold houses are usually furnished, they are affordable and reasonable and also The process of buying a property in North Cyprus is very fast and you will own a house and get your residence in a few weeks.
If you need more information on the pros and cons of buying new homes or resales in North Cyprus, please contact us and our professional consultants will assist you.