Speaking about Cyprus, immediately imagine the colorful pictures of tourist catalogs: blue-blue Mediterranean Sea, pristine sandy beaches, mild climate is subtropical. Having been on this island, I want to return again and again to get, and then settle down for good.
Recently this perspective has become a reality for everyone - the Turkish part of Cyprus, North Cyprus offers the possibility for foreigners to buy properties at very favorable terms.
The "ASSEMBLY" magazine editors decided to find out some details GENNADY MIKHAILOV, a representative of the Our Cyprus company (Noyanlar Group partner), which is one of the most experienced developers in North Cyprus and has many years of experience in the design, development and construction projects in the region.
> So, Gennady why Northern Cyprus?
I may repeat, but Cyprus - a pearl of the Mediterranean, where 340 sunny days a year, the cradle of Christian civilization, a country with a great cultural and historical heritage, eco-friendly products, low crime rate and a very attractive investment and financial climate.
It is worth noting that it is North Cyprus is the most attractive in terms of investment - it is under the jurisdiction of Turkey and it is not yet part of the European Union, respectively, real estate is much lower in comparison even with the territory of the neighboring Greek part of Cyprus, it is more accessible and the price it is constantly growing.
Buying property in the Turkish part of Cyprus - North Cyprus, you will get in addition to a reliable and profitable investment, even:
- residence permit (permit) with the ability to live in Northern Cyprus 12 months of the year;
- visa-free entry;
- the possibility of higher education for your children in the internationally recognized universities.
> In addition to the tourist activity has increased and the number of people to join the ranks of the local population in recent years. So who are they, migrants in Cyprus?
People who come here to live, can be divided into several categories:
- pensioners who, buying property, moving to get a secure old age;
- property owners, who bought it as an investment (for rent, resale);
- youth who buys or rents the property for a long time while studying at the universities of Northern Cyprus.
> What is still better to go and live and rent or buy?
This question is directly related to the goals and intentions of the buyer - to leave the country and live there permanently or use the purchase of real estate opportunities to increase their welfare. In the second case, you should consider buying an apartment, house or cottage as a profitable investment with a guaranteed growth and profitable business.
> In many countries, the purchase of real estate does not give any special privileges to foreigners, especially since it does not guarantee a residence permit (permit). How is it in North Cyprus?
Non-residents of the country, subject to the purchase of real estate are eligible for a residence permit, the official preparation is very simple procedure. Naturally, accompanying the client at registration of transactions sale and purchase of housing, we also help them to draw up the necessary documents. At our disposal there are professional lawyers, translators, consultants, that will help to make things right, and efficiently.
> If a decision on the purchase of real estate accepted as possible to get acquainted with the proposals of the Developer? Are there special familiarization tours to Northern Cyprus?
Yes, indeed, in the framework of a study tour development company provides free to buyers from 3 to 5 days free accommodation in comfortable apartments.
> What are the principles of proper selection of property in Cyprus?
In addition to such an important factor as the reliability of the developer, are important location of the object, existing or planned infrastructure as well as a goal that you are pursuing - to live there, rent or sell the maximum benefit. It is also important, at what stage of construction of the object you get - the difference of the "foundation" to the house put into operation can be 10-15%.
ASSEMBLY Magazine, November-December 2015