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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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