Latest real estate news
📌 1. Tax system TRNCNorthern Cyprus has its own tax system, independent from Southern Cyprus or the EU. The tax authority is the Department of Revenue and Taxation TRNC (Vergi Dairesi). The legal framework is based on British and Turkish models with local adaptations. 📌 2. Income tax ✅ Individuals TRNC residents (stay >183 days…
📌 1. Legal basisIn Northern Cyprus (TRNC), foreigners are allowed to purchase property, but this is subject to specific laws and restrictions: The Immovable Property Acquisition and Long-Term Lease (Foreigners) Law 52/2008 regulates the conditions for foreign property purchases. Every purchase must be approved by the Council of Ministers of TRNC (Permission to Purchase –…
🏠 Financing real estate in Southern Cyprus for EU citizens This article provides an overview of the procedure for obtaining a mortgage loan in Southern Cyprus (Republic of Cyprus) for buyers who are permanent residents of a European Union country. Obtaining a loan for non-residents (EU citizens without Cypriot permanent residence) is a standard process,…
💰 Basic informationThe real estate market in Southern Cyprus is stable, growing, and supported by foreign demand.Investors profit from two main sources of return: Cyprus is a member of the European Union and the Eurozone, offering a safe legal environment, low taxes, and steady demand for both holiday and permanent residences. 📈 Average annual price…
Sunny life begins in Cyprus
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