The sun-soaked city of North Cyprus is a prime location for retirees as it offers attractive taxation laws on top of its impressive infrastructure, commendable communications, and reputable medical and educational sectors.
Due to its increase in popularity, the property prices in Cyprus have skyrocketed as much as 80% over the last five years. While the market is becoming saturated, properties in Cyprus remain top-notch and present good value for investors, renters, retirees, or first-time home-buyers.
With that in mind, you first need to understand the process of buying a property in North Cyprus before you can move forward with your dream location. By equipping yourself with rudimentary knowledge on the housing market in Cyprus, you can make the journey to your investment as smooth as possible.
Acquire the Power of Attorney
The first step to purchasing the property of your dreams is to set up power of attorney. They are responsible for preparing the contract and can help you evaluate the legalities of the property to keep you away from any tricky potholes. Not to mention, your chosen lawyer will be tasked with overseeing your application to purchase, along with the registration of the contract of sale.
In addition to guiding your course of action throughout the process, the power of attorney enables lawyers to sign documents on your behalf in cases where you are unavailable for the time being.
With plenty of crucial roles in their checklist, it goes without saying that hiring lawyers to guide your property investment is a must. If you ever find yourself in search of certified legal advisors in North Cyprus, Privileged Investment can give a helping hand by providing a list of reliable lawyers.