North Cyprus Property and Land Buyers Guide

The process of buying a property or land in Northern Cyprus depends entirely on what the title deed is.

As you might or might not be aware is there are four different types of deeds.

-TRNC Title 
 previously Greek owned prior to 1974 
Turkish Title 
-Turkish prior to 1974 
Foreign Title 
-British ,German, American etc. 
Leasehold
-Owned bye the government who will grant long term leases of 49 years. 
Buying a freehold property of land in North Cyprus
Find what you want and agree a price
Make a contract with a lawyer setting terms of sale
Vendor and purchaser sign contact
The purchaser provides the vendor with a 10% deposit
Lawyer applies to Council of Ministers for a buying permit which can take 5 to 6 months to complete
Once permit is obtained, balance is due to the vendor
Vendor signs over the deed to purchaser
Sale is completed

Buying from a Foreigner in North Cyprus:

Find what you want and agree a price 
Make a contract with a lawyer setting terms of sale 
Vendor and purchaser sign contract
Purchaser pays full amount due
Title deed is then transferred to purchaser’s name
Sale is completed

The reason why buying from a Foreigner is faster is because all checks have been carried out previously.

Costs in North Cyprus:

Buying permit application = £600 – £1000 
Stamp Duty = 6% of valuation levied by land registry office
Lawyers Fee = anything between £300 – £1500