"High Level of Realty"

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 Off-plan property is a term used to describe properties that are still in the construction phase, and have not yet been completed or delivered to buyers. Buyers can purchase these properties during the construction phase, usually at a lower price than completed properties, and may have the option to customize the property to their liking.

 Northern Cyprus offers a range of off-plan property options, including luxury apartments, villas, and townhouses. Investors can purchase these properties at a lower price than completed properties, and may have the potential to earn a higher return on investment (ROI) as the property increases in value during the construction phase.

 Buyers can finance off-plan property purchases in North Cyprus through a range of options, including payment plans offered by developers, or through cash payments and crypto currency. It’s important to research and understand the different financing options available and their associated terms and conditions.

 The real estate market in North Cyprus is one of the most dynamic and competitive in the world, with a diverse range of properties available to buyers and investors. Investors earn tax free income by investing in North Cyprus Real Estate Market.

 The cost of property in Northern Cyprus varies depending on the location, size, and type of property. Generally, prices start at around 70,000 GBP for a studio apartment and can go up to several million for luxury villas.

Yes, non-residents can buy property in North Cyprus.

Some of the most popular areas to buy property in North Cyprus include Long Beach, Esentepe, Kyrenia, Bogaz, Lapta, Gaziveren, Bafra and Karpaz. 

The rental market in North Cyprus is also very active, with a range of properties available for rent at varying prices.

When selecting an off-plan property to invest in, consider factors such as the developer’s reputation and track record, the location of the property, the property’s design and features, and potential ROI. It’s also important to conduct proper due diligence, including reviewing the contract and consulting with Lexon experts.

The ROI for properties in North Cyprus can vary depending on several factors, including the location, type, and demand for the property. However, the investors can get from 8% up until 20% ROI depending on the above criteria.

Yes. North Cyprus requires a visa for resident status. People coming from the U.K. and other major European countries automatically obtain a 3-month visa upon arrival. An extension of this time period can be granted.

Foreigners can expect to pay VAT which is currently 5%, Stamp Duty which is 0.5% and Title Transfer at 12% These costs are on the value of the property, not the sales price. Typically the property is valued at far less than the cost of the property. These are to be paid at time of title transfer.

Water & electricity connection fees, which vary according to the project.

At Lexon we aim to facilitate all of our clients needs, including those who live abroad. If you are interested in buying property in North Cyprus but are not able to travel immediately, we would be happy to assist you. Simply submit an inquiry and one of our team members will contact you and personally walk you through the process.

Your passport is the only document required.

The legal system is the British legal system.

The official language in North Cyprus is Turkish. However, English is widely spoken. In fact, it is common for business to be conducted in English.

Cyprus is known for its long, hot summers and short, light winters. The Island typically sees 300 days of sunshine, providing for consistent summer temperatures up into the 30C. Perhaps equally important, the sea temperature is quite comfortable year round, with winter seasons witnessing an average temperature of above 16C.

The education system in North Cyprus is constantly improving. It is widely known for its excellence in secondary education and its adherence to the English curriculum. There are many opportunities for advanced education, including several universities.

The voltage and the plug sockets are the same as in UK (3 pin).

Your pets are welcome here in North Cyprus! The required vaccination process includes a quarantine period and can be easily coordinated through your local vet.

Northern Cyprus is known for its attractive sandy beaches. Some of the most renowned beaches are: Acapulco and Alagadi in the Kyrenia district, Long Beach in Iskele district, Silver Beach in Famagusta district, Golden Beach and Malibu Beach in Karpaz.

It takes only as long as it takes you make a decision! Once you have decided on the property of your dreams, it is typically possible to meet with Lexon experts to complete the sale within 24 hours.