Many foreigners wishing to relocate to a warm country choose Northern Cyprus. This Mediterranean island boasts an excellent climate, local hospitality, and a high standard of living. Most importantly, obtaining residency in Northern Cyprus for Europeans is a relatively fast and easy process.
One of the simplest ways to get residency is through real estate purchase. However, almost everyone who wishes to move has many questions:
- What type of real estate should be acquired for obtaining residency: commercial or residential?
- How much do the cheapest apartments in Northern Cyprus cost, and is it possible to buy property on a mortgage?
- Is it profitable to buy property for renting or future sale?
- How does the residency application process work, and how long does it take?
- What is the current state of the real estate market?
We have answered these and other questions in our article, “5 Key Questions About Obtaining Residency in Northern Cyprus Through Real Estate Purchase.” You can read it here.