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How to buy a property in North Cyprus?

To become the owner of real estate, follow the next algorithm:

  1. Find the property that suits your purchase criteria.
  2. We agree on the price and payment plan once a deposit of £1,000 is paid for reserving the property.
  3. A lawyer prepares a contract of sale which defines the basic terms: price, payment plan, passport details of the seller and the purchaser, other special clauses. We do a preliminary check with the land registry to make sure that the seller of the property is the registered owner, and that the property is free from any impediments. We analyze and verify that all permits and approvals have been obtained for the selected property

4. The contract of sale is signed by both parties - the purchaser and the seller, or their legal representatives.
5. You make a downpayment (usually 30%) and also pay the legal fees together with the stamp duty which makes 0,5% of the sale price.
6. The lawyer registered the contract of sale at the Land Registry Office within three weeks of signing the contract and the purchase information is filed with the tax and land registries.
7. To obtain the title deed for the property the foreigner must get a special permission which is issued by the Ministry of Interior. For this procedure you need to provide the following set of documents:
  • copy of the contract;
  • client form with contact details;
  • application form;
  • passport copy - the page with your photo and the page on which the entry visa is located.
Criminal record certificate must be translated into English and notarized (for Ukraine/Russia – Ministry of Internal Affairs).

8. The lawyer will assist in filling in all the required forms for this permission. The procedure of receiving the permission used to take from 12 to 24 months, but at the moment it takes no more than 6 months.
9. After getting the permission you pay 3% title deed transfer charge, municipality contribution of 1% from 3% , £250 incidentals of conveyancing, and £90 for the publication in the local newspaper.