If so, what are the risks?
Answers
On
Marianna Pavlides answered:
No, it does not.
On
Celia Pourgoura answered:
Please note that you cannot buy property in the northern region of Cyprus and be applicable for a Cyprus residency permit. Even if you buy property in non-occupied Cyprus, the Cyprus residence permit is not eligible for travel in EU, since Cyprus is not part of Schengen.