Is it safe to buy property in North Cyprus?
Many people who want to buy property in North Cyprus want to know whether buying property in North Cyprus is safe and hassle free.
This concern is usually due to the fact that they do not have accurate information about North Cyprus and the purchase of property in that country. They are also unaware of the changes that have taken place in the North Cyprus property market laws over the past few years, making North Cyprus a very safe place to shop.
There is more than one type of real estate document in North Cyprus. These documents are divided into two main categories: Pre-74 and TRNC Title.
It is important to note that the purchase of both types of documents is equally “safe” and we guarantee the validity of both title deeds.
TRNC Title Deeds:
Documents with the TRNC Title used to be known as Esder or Exchange and TMD.
The important question is which document is better to choose? Are they both equally “valid”? Is one more valuable than the other?
Since March 2010, the consensus among international investors has been that both types of title deeds in North Cyprus are equally “secure and valid”
Title Deeds Validity:
Title deeds in North Cyprus are valid. There is now a fast process for obtaining a purchase permit in North Cyprus. It’s good to know that all ownership documents are fully valid. So where these misconceptions come from?
Several years ago, for a period of political reasons, people who bought houses in buildings on pre-74 lands did not receive a “purchase permit” (p2p). But this license is now issued quickly for all documents.
There are rare cases where there are barriers to giving ownership to a buyer. Moreover, sometimes a property has been sold to more than one person. Cihanara advises you to consult with a lawyer before paying for and buying a property in North Cyprus.
If you want to know if “is it safe to buy property in North Cyprus?” our experienced consultants and lawyers will answer all your questions in this field 24 hours a day.