Once you’ve completed your real estate investment in Northern Cyprus, there are several important factors to consider. Here are some of them:
1. Subscription Procedures
Reason:
You need to activate subscriptions such as water, electricity, and internet. It’s important to apply to the relevant authorities and submit the necessary documentation for these processes.
2. Renting
Reason:
If you plan to rent out the property, pay close attention to the details of the rental agreement. The terms of the lease are crucial for achieving investment returns.
3. Title Deed Procedures
Reason:
After completing the property purchase, title deed transfer procedures must be carried out. It’s essential to follow legal procedures during this step.
4. Taxes and Expenses
Reason:
Following the property purchase, you might have annual taxes, insurance, and maintenance expenses to consider. Detailed financial planning is necessary in this regard.
5. Management Services
Reason:
Especially in apartment complexes or gated communities, you should gather information about management services and maintenance fees. This can be an ongoing cost.
Even after completing your investment, you can make use of professional consultancy services to simplify this process and minimize potential risks. Acting carefully and systematically after your real estate investment in Northern Cyprus ensures that your investment remains profitable and hassle-free in the long term.
