North Cyprus properties are a becoming more popular as the world discovers this vastly untapped island in the Mediterranean. While property prices have increased some, prices are still below the normal prices in the UK and South Cyprus. Before deciding to purchase North Cyprus properties, you should visit the island and explore so that you find an area that offers you the best views and the most fun. You should also take steps to ensure that your property is purchased from a vendor that has the right to sell the property.
If you are a foreigner wishing to purchase North Cyprus properties, you should engage the services of a reputable real estate agent and a local solicitor. Before hiring a solicitor to represent you in your purchase, you should check to be sure that he has no interest in the property or is not a business partner of the seller. A reputable solicitor will help make the purchase safer and easier for you.
One of the most important steps when purchasing North Cyprus properties is making sure the property has a title deed that is recognized by the TRNC (Turkish Republic of Northern Cyprus). There are several types of title deeds and your solicitor should be able to advise you on this. When you hire a solicitor, it may be a good idea to grant him power of attorney so that he can sign important papers if you will be out of the country.
Some things, such as purchase approval by the Board of Councilors, can take as long as 6-18 months, and your attorney will need to be able to sign papers to complete the sell once your purchase has been approved. Once you have decided on a property, your solicitor should draw up a contract that outlines the stipulations of the sell. Your solicitor can also assist you in paying the proper fees and taxes. Once your solicitor receives approval for the purchase, he can sign the papers necessary to change the title into your name.