Land and Property Purchase

There are 4 types of title deeds offered in North Cyprus. The process to purchase your property is dependent on which title deed your property holds.

  • Freehold - Foreign Title:

This is property owned by European residents, (eg. British, German, Dutch). The title deed is internationally recognised. There are a number of checks to be carried out by the Council of Ministers, which means the sale will take approx. 3-6 months to complete.

  • Freehold - Turkish Title:

This is property Turkish Cypriot owned prior to 1974. There are a number of checks to be carried out by the Council of Ministers, which means the sale will take approx. 3-6 months to complete.

  • TRNC Title:

This property was previously Greek Cypriot owned prior to 1974. Again there are a number of checks to be carried out by the Council of Ministers, which means the sale will take approx. 3-6 months to complete. TRNC Title Deeds are considered safe to purchase.

  • Leasehold Title:

The Government owns this property. Long-term leases are granted for 49yrs. You can apply directly or via a solicitor to the Ministry of Tourism to transfer the lease.

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Summary of Purchase Procedure:

  • A Contract of Sale (and any other special conditions) is drawn up, with the Purchaser paying a 10% cash deposit to the Vendor.
  • A Power of Attorney can be appointed to your solicitor if the Purchaser is returning home.
  • Your solicitor applies to the Council of Ministers for a Purchase Permit.
  • The Land Registry values the property for 6% Stamp Duty evaluation and 1% Municipality Tax.
  • On the day of completion, the solicitor pays the remainder of the sale price to the Vendor.
  • The Vendor signs the title deed into the name of the Purchaser. The name of the Purchaser is entered into the Land Registry's records and the new title deed is issued.
  • There are a number of first-class solicitors whom we work with, and we are pleased to recommend any of them to prospective Purchasers. The legal system in the TRNC is based on British Law.