What are the ways to pay when buying a property?
Can I pay by card?
On the territory of Northern Cyprus, you can easily use Visa and Mastercard plastic cards. Cards are accepted for payment in many establishments, including shops, restaurants, tourist infrastructure facilities. Withdrawing cash from the card is also not a problem. There are a sufficient number of ATMs in the resort towns. The only thing you need to remember about the commission, which can be up to 2-3 dollars for one transaction
What currency is used in Northern Cyprus?
The official currency of Northern Cyprus is the Turkish lira. Other types of currencies are also accepted – the British pound sterling, the US dollar and the euro. You can pay with foreign currency in shops, cafes, museums and many other institutions. The calculation of the amount payable and the calculation of the change are carried out at the current exchange rate. Change is almost always given in Turkish Lira.
How is a contract for the purchase of real estate drawn up?
The execution of the contract is fully accompanied by representatives of our company. As in every country, there are requirements about which you can read in detail in our blog, the article “The process of acquiring real estate”
What is the climate like in Northern Cyprus?
The climate in northern Cyprus is generally Mediterranean, with hot summers and mild winters. This makes it a great place for outdoor activities. outdoor activities such as hiking, swimming and exploring the many historical
attractions of the island. The average winter temperature in Northern Cyprus is +15C
How safe is Northern Cyprus for tourists and residents?
Northern Cyprus is generally considered safe for tourists and locals residents. While there are some political tensions, conflicts, the crime rate is low and the island has friendly, welcoming atmosphere
What is the cost of living in the North Cyprus?
The cost of living in northern Cyprus is usually lower than in many European countries, with affordable prices for food, transport and housing. Of course, the exact cost will depend on your lifestyle and locations in the country.
How easy is it to find accommodation in North Cyprus?
In general, it is quite easy to find accommodation in northern Cyprus, with a wide choice options from apartments to villas. Our real estate agency ready to help you find a property that suits your needs
What is the medicine and treatment in Northern Cyprus?
Medicine and treatment in Mever Cyprus is similar to that which exists in Turkey, a mix of public and private hospitals and clinics. While some people choose to seek medical assistance to Turkey for more complex procedures, many needs routine healthcare can be met locally
I have to make a choice between an updated home in an older neighborhood or a newer home in a more modern neighborhood. The home in the older neighborhood has almost everything I want and is much larger, but which makes the most sense as an investment?
If your goal is to buy a home for it’s resale value and the one you are thinking of buying in the older neighborhood is at the upper end of values for that neighborhood, then it may not be the wisest choice. If it is similar or lower in price to the others, then there should be no problem, because pricing should be considered in relation to the local neighborhood and not compared to homes in other neighborhoods (for the most part)
Plus, is it a neighborhood on the decline, or are others going to be fixing things up, too, so that it is a neighborhood that is improving? It could turn out to be a very good deal as long as you don’t “overpay” because of the recent improvements.
Remember that you also buy a home for it’s value to you as a “home,” and that is something else you should consider. Which neighborhood would you AND your family feel most comfortable in?
When buying a new home, what upgrades should we go for? What holds the most value? Do we upgrade the lot? Pick more square footage in the house? Add an extra bedroom?, etc.
A lot depends on why you are buying the house. Are you buying it mostly as a home or mostly as an investment? There is a difference.
For the most part, upgrades are high-profit items for builders. They aren’t designed to enhance the value of the house, but make you happier with the house you do buy.
If you are looking at your home as an investment, then you buy from the smaller to medium size in the tract and spend only a minimal amount on upgrades. If you are looking at your purchase as a home, then you select upgrades that will enhance your quality of living.
One rule of thumb is to always upgrade the carpet and padding.