Buying Process In Northern Cyprus

Embarking on the journey of owning property in North Cyprus is a venture filled with potential and opportunity. We understand that finding the right property, whether it’s a home that resonates with your lifestyle or an investment aligned with your goals, is a significant decision. Our commitment is to streamline this process for you, ensuring that it’s not only seamless but also tailored to your budget and preferences.

1. Preferences and Budget

Start by determining your preferences and setting a budget. Identify the area, property type, size, facilities, and amenities you desire. Consider price constraints and other factors that are important to you.

2. Discovering the Perfect Property

Conduct thorough market research to find properties that align with your needs and budget. Utilize our website or reach out to our experienced real estate agents for assistance. They can help you identify suitable properties and provide insights into local laws and regulations.

As a bonus, you can experience North Cyprus firsthand with our free 3-day trip offer. Explore the island, visit properties, and immerse yourself in local hospitality.

3. Reserving Your Future

Once you’ve agreed on terms and pricing, secure your chosen property by making a reservation. A deposit or reservation fee is paid, typically reserving the property for 14-30 days. This fee is deducted from the final purchase price.

Guidance from Legal Experts

We’ll connect you with a reputable law firm to guide you through the entire purchasing process. Your designated lawyer will address your questions, offer essential information, and oversee the creation of a proper purchase contract. This ensures a seamless transaction, including payment releases, purchase permit applications, contract registration, and title deed transfer.

4. Sealing the Deal with a Purchase Contract

With terms and details settled, the purchase contract is prepared for your signature. This contract encompasses all relevant information about the property, including purchase price, conditions, timelines, and payment terms. It’s a formal agreement that solidifies your intent to acquire the property.

5. Down Payment

Adhere to the payment terms outlined in the contract, ensuring the agreed-upon price is paid.

6. Stamping and Registration of The contract

By law, all Contracts of Sale must be registered at the District Lands Office within 21 days of signing. Registration safeguards against double sales, mortgages, and other encumbrances. Your property becomes legally protected once registered.

7. Permission to Purchase Application

Apply to the Ministry of Interior for permission to purchase. While the process takes 12-18 months, you can proceed with property delivery, renting, or selling if contract terms allow. Our team will assist with applications and communication between relevant government offices.

8. Payments

Complete the payments according to the terms established in the contract.

9. Transfer of Title

Once permission to purchase is granted, payments are complete, and the project is finalized, proceed with the title transfer. Taxes are assessed based on the contract price and local market values. The District Lands Office determines the assessment, ensuring a transparent and fair transaction.

We’re here to ensure that your journey to property ownership in North Cyprus is marked by informed decisions and a seamless process. Whether you’re seeking a home or an investment opportunity, our platform offers the tools and expertise to guide you every step of the way. Start your journey with us today.