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After selecting the property to be acquired and agreeing on the price with the seller, a sales contract is signed between the buyer and the seller, which includes the sales price, payment and delivery conditions and the characteristics of the real estate.

Non-TRNC citizens are required to obtain a “Real Estate Purchase Permit” from the TRNC State in order to purchase real estate in Northern Cyprus. This procedure takes 3-6 months to complete.

Following the signing of the contract, the Stamp Fee of 0.5 percent of the Contract Price must be paid to the Tax Office within 21 days following the signing of the contract. Therefore, the contract becomes financially legitimate.

The Sales Contract must also be registered with the Land Registry Office within 21 days of signing.

The buyer registers the contract with the Land Registry Office stating that the real estate sold will in no way be at the disposal of third parties and the right of ownership becomes legal.

In addition, a photocopy of the stamped contract from the Tax Office is required.

Foreign nationals are allowed to acquire one house or one acre of land per person in Northern Cyprus. Married couples are treated as a single person.

Only the buyer’s ID or passport is required when purchasing real estate.

The “Title Deed Transfer Fee” of the purchased real estate must be paid by the buyer. When a title deed is transferred, the North Cyprus Land Registry Office charges a Title Deed Transfer Fee. A transfer fee of 3% of the sale price of the property purchased at a discount is payable if it is the buyer’s first property.

This rate is 6% for anyone who has previously benefited from the discount.

Value Added Tax (VAT) and Withholding Tax must also be paid. The buyer is obliged to pay 5% of the sale price of the real estate as VAT.

The seller is obliged to pay the withholding tax to the tax office. This rate is 3.5% for non-profit (owner-occupied) sellers and 4% for for-profit (contractor) sellers.

There are three types of real estate in Northern Cyprus;

TURKISH KOÇAN : This is the name given to houses, properties and workplaces owned by Turkish Cypriots or foreign nationals before 1974.

EQUIVALENT KOÇAN: In 1974, Turkish Cypriots who had to leave their homes in Southern Cyprus and settled in Northern Cyprus were given real estate equivalent to the houses they left on the Greek Cypriot side by the TRNC state in exchange for the houses they left in the Greek Cypriot side. Turkish Cypriots who bought “equivalent” real estate signed documents claiming that they gave up their land in the Greek Cypriot part of the island and received the title deed of their “equivalent” real estate from the TRNC state. Equivalent properties are considered safe and can be bought and sold in any form.

ALLOCATION TITLE DEEDS: These are real estate deeds given to TRNC citizens or those who migrated from Turkey after 1974 as a reward for the TRNC state’s military victory, allowing them to settle and live in the country. These title deeds are guaranteed by the TRNC government and their owners have full ownership of the real estate.

In North Cyprus, the units used to measure land and land area are acres, acres, feet and meters.

1 acre = 1.338 m2

All flights to Northern Cyprus are currently operated via Turkey.

Yes, you can pay for the property you have purchased by bank transfer directly to the Construction company accounts. Our accounting department will provide account details upon request.

If the purchased property has a subscription fee, you must contact the site management to make payment.

Yes they can. Türkiye İş Bankası, T.C. Ziraat Bankası, Türkiye Garanti Bankası, Türkiye Garanti Bankası, Türkiye Halk Bankası, Türkiye Ekonomi Bankası are some of the Turkish branch banks in Northern Cyprus.

While the Cyprus Foundations Bank is a public bank, privately owned banks include Akfinans Bank, AlBank, Asbank, Capital Bank, Creditwest Bank, Cyprus Faisal Islam Bank, Cyprus Turkish Cooperative Central Bank, Limassol Turkish Cooperative Bank, Near East Bank, Nova Bank, Universal Bank, İktisat Bank and Şeker Bank.

Owning real estate in North Cyprus does not give you the right to live there, but it does give you an advantage if you want to obtain the right of residence. It is standard procedure for foreign nationals who own real estate, have no legal problems and can verify their income to obtain a one-year, two-year and unlimited residence permit. They are not required to sign in at specific times.

This is the most profitable investment strategy as real estate prices rise faster than interest rates in line with political changes. Wherever you buy a house, you can reach the airport, magnificent beaches, pine forests and harbors in a very beautiful setting in a maximum of 35 minutes. You will be surrounded by tolerant, helpful and understanding people.

It is not mandatory to hire a local lawyer, but as mentioned earlier, it is recommended.

A lawyer will personally oversee the proceedings at the local government offices for a fixed fee.

The lawyer will also ensure that both you and the property developer sign the Contract of Sale, guaranteeing its legitimacy and authenticity.

To become a landlord, you must first obtain a permit.

The Turkish Lira is the most widely used currency in Northern Cyprus.

Other major currencies such as the US Dollar, British Pound or Euro are accepted in major urban areas.

The country is easily accessible by sea and air, with flights from Europe and the UK to Ercan Airport in North Cyprus. Flights are also available to Larnaca Airport in Southern Cyprus, where travelers can rent a car or take a shuttle to Northern Cyprus. There are daily ferry services between Turkey and the ports of Famagusta and Kyrenia. These ferries take approximately three hours to cover the distance.

Dolmus is a popular mode of transportation in North Cyprus. These dolmus taxis/minibuses travel between Kyrenia and Nicosia, Kyrenia and Famagusta and Famagusta and Nicosia in North Cyprus. During the day, there are frequent bus services between the major cities of Northern Cyprus. After 19.00, public transport services become less frequent on weekends.

In North Cyprus, summers are long and hot and winters are short and pleasant. Summers on the island typically last 300 days, with temperatures reaching 40°C. Perhaps more importantly, the sea temperature is ideal all year round, averaging 16°C in winter.