A Guide to Buying a House in Cyprus for Couples

Northern Cyprus is a good choice for settling for many people because of  its beautiful features and vast amounts of opportunity the island provides. In our previous article,The Advantages of Moving and Settling in Northern Cyprus for Married Couples, we mentioned what these features and opportunities were. In this article, we will shed light on the issue of buying a house in Cyprus for couples who have already settled or are planning on settling in North Cyprus, and we will offer some suggestions that can be effective in your decision of purchasing a house for sale in Cyprus.

The decision to buy a house is one of the most important decisions you can make in your life. Beyond meeting the need for shelter, a house is an important space to make memories, feel comfortable and go through different milestones of your life. For this reason, the decision of buying a house in Cyprus for married couples brings with it different responsibilities and considerations.

So you decided to move to Cyprus..

With the changing living conditions, our expectations and understanding of comfort are rapidly changing. Now, we want to live in quieter places and live a life away from the chaos of big cities.

Northern Cyprus, the 3rd largest island in the Mediterranean, is one of the few countries where you can spend almost the entire year in a holiday mood, with low crime rates, good weather and a  quiet life. If you are currently doing research to decide whether you should move to Cyprus, you can take a look at our article on the 5 Most Frequently Asked Questions Before Moving to Cyprus.

Should I purchase or rent a house?

Renting a house instead of buying is easy and quick, but it is a short-term solution. It is always a more economical solution to purchasing a property instead of having to pay rent for long periods of time. Also, rising rental costs over the years can also put you in greater difficulty in the future.

Buying or Renting a House in Northern Cyprus? Our answer to this question will often be to buy a house. Moreover, with the real estate values increasing day by day, the property you buy usually does not harm you in the face of inflation. Therefore, even if Cyprus rental house prices seem more suitable for your budget, it makes more sense for couples to buy a house in Cyprus.

Where should I purchase a home from?

The most important consideration of buying a house in Cyprus for couples is the location of that real estate. It is essential to make  a suitable decision when determining the location of the house you aim to buy, to make sure the location meets all your needs.

Prices ofCyprus houses for sale  vary according to region, and before everything else, you need to decide on the city you prefer to live in. Does the city’s facilities match your expectations? Great!

Let’s say you have clarified your decision for a city. If you want to be in the center of that city and benefit from all the possibilities of the city, you can examine the Cyprus house options that offer life in the city center.

Visit this page for more detailed information: Where to Buy a House in Cyprus?  

Can the real estate agent manage the whole process of purchasing a house?

If you don’t have time to do a house search in the TRNC and then manage the process of buying, real estate agents can ease this process! For couples, a professional real estate agent can carry out the full process of purchasing a house in Cyprus.

You don’t have to waste your time going through North Cyprus flats for sale postings. You can simply specify to your real estate agent the features of the house you want and what kind of living space you want, and ask them to find and present suitable houses for you.

You can also become a home owner effortlessly by giving a power of attorney to manage the entire process of purchasing a home. For more information you can read the article titled Things to consider when choosing a real estate agent in Cyprus

Check out the Cyprus housing loan campaigns.

From time to time, TRNC banks provide housing loans with very low interest rates through campaigns they organize with construction companies. If you want to own a house in instalments, you can take a look at the housing loan opportunities provided by the Northern Cyprus banks.

You can check this article for detailed information on housing loan interest rates, application conditions and required documents in Cyprus: How to Get a Cyprus Housing Loan?

Take the first step towards obtaining Cyprus residence permit.

One of the advantages of buying a house in Cyprus for couples is that the purchased property gives you the chance to obtain North Cypriot citizenship for married couples.

Buying a house in Northern Cyprus does not directly entitle you to obtaining a Cypriot citizenship, but you gain a significant chance for citizenship due to the white ID obtained through real estate investment.

Foreigners who own property in Cyprus other than the Cypriot work permit can also apply for a permanent residence permit in the TRNC, that is, a white ID. For more information on the subject, you can check out the article Everything You Need to Know About Northern Cyprus Citizenship!

So you obtained your residence permit. Have a look at How to Get a Work Permit in Cyprus

Check out the listings for houses for sale in Cyprus.

The demand for real estate in TRNC has been quite high in recent years. For this reason, it is very easy to find the most suitable house for you in real estate projects that are increasing in number every day. There are many real estate types such as apartments, villas, detached houses, residence apartments. You can easily find a suitable house that meets your needs by inspecting the listings for TRNC houses for sale.

Before you search for Cyprus houses for sale, be sure to check out our article here: Things to Know Before Searching for Houses for Sale in Cyprus

What to expect when buying a house in Cyprus?

If you do not have a Northern Cypriot citizenship, you must act in accordance with the laws applicable to foreigners during the real estate purchase process. For foreign nationals who want to own a house in Northern Cyprus, a purchase permit is required by the TRNC Council of Ministers. You can find all the details in our article on The Homebuying Process in Cyprus.

You can find all the details and expenses you will make while buying a property in Northern Cyprus on our Cyprus property guide page.

Make your decision with up-to-date and accurate information.

First of all, for foreign married couples, buying a house in Cyprus means buying a house in a different country and this is indeed a difficult decision to make. For this reason, it is important to act according to the dynamics of the local market and to have knowledge of the local real estate sector.

Before looking at North Cyprus house for sale ads, we recommend that you have a good grasp of the most important criteria of the market. What are title deeds special to Northern Cyprus? What is a title deed? If you do not know the initial details, we recommend that you do not rush.

You can visit our summary guide, which will provide you with important information about the Cyprus real estate market: Things to Consider When Buying a House in Cyprus