WE ARE LIFE CHANGER

Buying any property abroad can be seen as a difficult process due to the unusual buying process and the possibility of complex legal paperwork in an unfamiliar language.However, buying a property in North Cyprus is just as easy as buying a property in the UK. All legal documents that will be encountered during the purchasing process are in English. While the legal system in Northern Cyprus is based on the English language, most lawyers in the country are fluent in Turkish and English. Benefiting from Hub Property Investment's experience in this field, you can own a property in Northern Cyprus in just one day, under the right conditions!

FIVE EASY STEPS TO BUY PROPERTY IN NORTH CYPRUS

1. Secure your ideal property with a deposit

once you have found the ideal property in North Cyprus, you can secure the property with a simple deposit and have it removed from the open market. In Northern Cyprus you can pay by cash or credit card or make a deposit from the UK via bank transfer. It can take up to 28 days for checks to be cleared through the banking system. A typical deposit is 10% of the final price. North Cyprus non-citizens must obtain a government permit to purchase property in the country, and such permits can take 4-12 months to obtain.

2. Finding a local lawyer in North Cyprus

Finding a local lawyer in North Cyprus is the easiest way to get permission is to hire a local notary or lawyer. In this process, hiring a lawyer is a better choice. Most Northern Cyprus lawyers provide bilingual services in both Turkish and English.Therefore, domestic lawyers will be an invaluable guide in the legal process of owning real estate. If you're making an off-plan purchase, you should consider hiring an independent attorney with no affiliation with the developer. Your attorney, including checking the company or person from whom you purchased the property, issuing your permits as a non-national to purchase a property, and confirming the status of title documents; will take care of your interests throughout the purchasing process. In addition, attorneys will also handle all government paperwork and draw up contracts in English.

The government will calculate the transfer fees required to pay for the property based on the value of the property. Even if you are not in Northern Cyprus, you can give a power of attorney to your lawyer so that the purchase can be continued.

3. Read the Real Estate Agreement carefully

Whatever the subject matter, contracts should be properly reviewed and read.Real estate developers have standard contracts that your attorney should check to ensure that any contract clauses against your interests are renegotiated. Contracts should generally include:
 

• Full property details

• Full property specifications including floor plans for new building properties

• Official government site plan, provided by developer or vendor

• Correct and valid title deeds

• Payment and due dates schedules

The contract can be signed after all the items have been reviewed and agreed by both parties. The attorney given power of attorney must send a copy of the final contract to the buyer by fax or e-mail. After the buyer's approval, the power of attorney can sign on behalf of the buyer. Your solicitor will also send you a copy of the last contract signed.

​

4. Payment

In Northern Cyprus, the final payment for the property must be made after the purchase permit has been obtained.The safest method of payment is via bank transfer and upon receipt the deeds are signed on your behalf by the seller. If you are purchasing an off-plan property, payments are usually made after certain work is completed, and the final payment secures the title deeds and keys to your property in North Cyprus.

​

5. Now you can move in

Now all you have to do is; moving to the property you bought and enjoying your new property under the North Cyprus sun!