Title
Deeds
There
are different types of title deeds in
the T.R.N.C. (Turkish Republic of Northern
Cyprus), which are as follows:
Pre-74, British or foreign owned before
1974.
Turkish Title deeds, Turkish owned,
before 1974
Post
74 Turkish Cypriot Ownership (T.R.N.C.
title deed): Given to Turkish Cypriot
in compensation, for land left in South
Cyprus (exchange land, property known
as Esdeger) or awarded to Turkish Cypriots
by the Northern Cyprus government. Based
on the 1983 T.R.N.C. Constitution, all
the deeds rectified and named as T.R.N.C.
deeds are freely transferable to foreigners.
When
buying property of any kind, there are
specific regulations to be followed,
for the title deed (or “kocan”, in Turkish)
to be transferred into the purchaser’s
name. Let us guide you through the maze
of bureaucratic paper work and regulations.
Investment
Opportunities
The
property market here in Northern Cyprus
is relatively new and with prices still
very low in comparison to other Mediterranean
countries, Northern Cyprus is definitely
one of the best property hot spots around.
People naturally desire the best pound
for pound investment they can find and
with an average of 25% capital growth
per year it is hard to find anywhere
else as attractive for your investment.
Rental returns are averaging approximately
10% and with an average tourist growth
of 30% per year the opportunities are
immense. There is good market for both
holiday rentals and long term rentals
to suit your preference.
Economic growth is rapidly increasing
and with a huge advertising push for
both tourism and construction the Island
will continue to be seen as a lucrative
investment.
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