Discover Northern Cyprus

Language & Time

Although Turkish is the native language in North Cyprus, English is also widely used and understood. So, communication is not an issue in North Cyprus. The time zone followed in North Cyprus is GMT 2+

The Climate

Located in the heart of the Mediterranean, North Cyprus has an ideal Mediterranean climate, with long and hot summers along with short & mild winters. The average temperature is 19 degrees Celsius but can go as high as 40 degrees in peak summers. There is a seasonal rainfall, averaging 500 mm annually, to make the already beautiful views of North Cyprus more pleasant

The Currency

The official currency of North Cyprus is the Turkish Lira which is available in notes of 100, 50, 20, 5, and 1 TL alongside coins of 0.5, 0.25, 0.1, and 0.05 TL. Transactions for tourists or investors are fairly simple and foreign currency can be exchanged in banks and exchange offices. Moreover, most credit cards are also accepted here in North Cyprus.

Passport & Visa

If you are an EU citizen, you probably won’t have any trouble relating to visas and passports since there is no visa requirement for EU citizens. In fact, only the Nigerians and Armenians require visas in North Cyprus. You can either stamp your passport on arrival or attach a separate piece of paper to be stamped instead by the passport control office.

Guide to Buying Property in Cyprus

Selection & Reservation of the Property

  • There are many projects and properties in North Cyprus to choose from. Finding the right property can be a tiring process. Our experienced investment consultants help you select the right option suitable for you.
  • Once you choose a property, a deposit fee is required for reservation. This allows us to take it off the market for 30 days. When paying this fee, you also sign a deposit agreement which states the agreed price and payment plan for the property.
  • Wire transfer, credit card, cash and cryptocurrency payments are accepted.

Sign the Contract

  • Contract includes all the terms of sale, property details, specifications, sale price and payment plans, any extras agreed. If you are abroad, the contract is mailed to you, and returned to us with your signature. When you come to Cyprus, we will also provide you with the original copy.

Make the Payments

  • The first is down-payment, Then contract when the contract is signed the purchaser need to make first instalment to Four Vision Development. It is important that both parties are agreed to follow up the payment schedule listed on deposit agreement. Also the deposit paid for reservation will be deducted from sales price.

Additional Fees & Costs

With all requirements complete, the purchaser is now eligible to register his/her name at Land Registry to officially own the property. If you are unavailable physically, a solicitor will take care of all the requirements with the use of the power of Attorney. You will be informed once the process is complete and valuation forms of your property have been filled to calculate your property’s value.

Once this is done, taxes will be the final responsibility to fulfill to completely own your property! These are calculated according to your property’s valuation forms, which would have been signed by the solicitor.

· The Land Registry Transfer Fee is 6%. For the first-time purchaser or investor, the government provides a once-in-a-lifetime offer to reduce the cost by 3%. At the time of ownership transfer, you will be available to take this offer, in fact, you will be given the option to choose whether you want to take it or not!

· You will need to pay VAT at 5%

· The Stamp Duty fee is 0.5%. You may pay the stamp duty within a month which will cost you only 0.5% of the contract value. If you are not eager to pay within this time, the rate will be increased to 1.5%. It will depend on you whether you want to pay upfront or during the ownership transfer