The Turkish Republic of Northern Cyprus!!

The Turkish Republic of Northern Cyprus!!

The Turkish Republic of Northern Cyprus!!

Cyprus is the third biggest island in the Mediterranean (behind Sicily and Sardinia) and is well known for its warm sunny climate all year round. A beautiful island that offers plenty of beaches, excellent food and wine, and a laid-back lifestyle. Popular with retirees and second homeowners, tourism ensures there are abundant choices of bars, restaurants and activities to suit all visitors from around the World.

In Northern Cyprus there is an average of 340 days of sunshine a year. In winter temperatures range from 13-15° C and in summer it is generally between 30-33° C. Even in December and January there is an average of 6 hours of bright sunshine per day, and in the 6 summer months you can expect up to 11 hours of sunshine per day!

Perhaps the best kept secret about Cyprus is Northern Cyprus or The Turkish Republic of Northern Cyprus. Boasting over 190kms of coastline with clean sandy beaches, secluded coves, and sheltered bays this part of Cyprus is beautiful and relatively unspoilt as regulated to protect its natural beautiy. The republic is only recognised as an official state by Turkey and the local currency is Turkish Lire. Cyprus is one of the safest countries in the world with low crime.

Why should you consider Northern Cyprus for a holiday home purchase or a property to retire to?

  1. Property prices are very reasonable compared to Southern Cyprus. In the South although there have been property price corrections in recent years and there has been mass development, prices can be quite high for apartments, houses and villas. However, in the North you can still bag an incredible bargain, whether you are looking for apartments, town houses, villas or rural properties. For example, you can buy a high-quality new build luxury apartment with terrace from £199,000.
  1. It is relatively easy to get residency in Northern Cyprus. Most passport holders can stay in Northern Cyprus for 90 days, but there are several different visa schemes depending on your circumstances. We particularly like the fact that you can gain residency simply by purchasing or renting a property. There are also further residency schemes available for retirees, students and entrepreneurs. Generally, you can apply and gain a residency permit in about 2-3 months providing you can supply all necessary documents to accompany your initial application.
  1. The cost of living is approximately 30% lower than Southern Cyprus (Southern Cyprus is considered reasonable for cost of living) – this is particularly attractive for retirees and those on fixed budgets.

And now for the most important reason………

  1. The government of North Cyprus does not tax foreign pensions………..

That’s right, if you are retired and your sole source of income is pension income you will pay no income tax whatsoever. This is a more attractive tax regime than Southern Cyprus, which is considered one of the most favourable in Europe for retirees! They also have Crypto laws to allow you to buy, sell & exchange, purchase properties & cars.

Contact the Europe Properties team for further details. We are pleased to bring property listings & investment projects from Northern Cyprus with our new exciting partner!


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