RE/MAX Golden is a registered estate agency with License Number 015
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 North Cyprus Property Buyer Guide Purchasing Property in North Cyprus
Purchasing Property in North Cyprus
The process for buying any freehold Northern Cyprus property is as follows:
Once agreed on price, specifications and payment plan, secure the property by paying a deposit.
- Assign a solicitor to draw up a contract based on the agreed terms.
- Vendor and purchaser sign.
- Solicitor applies for a Purchase Permit from the Council of Ministers.
- As soon as purchase permit is received, vendor signs title deed into name of purchaser.
- Sale completed.
The costs involved are as follows:
Solicitors cost, including; drawing up of contract, power of attorney, purchase permit application and seeing sale through to completion, between £1,000 - £1,500.
Asking Legal Advice
After a tour with your broker of all the most select lands, houses, villas, and apartments in Northern Cyprus, we encourage you to take the appropriate amount of time to make your decision. Whether you decide to purchase a small apartment or a golf course villa Northern Cyprus agencies advertise, you will follow a similar process in securing your real estate purchase.
We appreciate that making the decision to purchase a piece of real estate is difficult in one's home country, let alone in a foreign nation. Therefore, in order to protect our clients’ interests fully under the law, we respectfully require the use of North Cyprus solicitors in order to purchase an investment property with respect to a property development business. This requirement also holds for clients wishing to purchase lands or a house, apartment, or villa. Northern Cyprus has developed its own rules under a separate legal system, constituted by the Turkish Cypriots, since the separation of the island in 1974. With regards to the purchase of a land or house on Cyprus, northern properties require that the first issue to be clarified is the kind of title deed that is at stake. There are several different kinds of deeds under the North Cyprus legal system.
North Cyprus property has been purchased by numerous investors from many nations. At Golden Estate, we take every step to ensure compliance with local policies. Many foreign investors are unfamiliar with the process—that is exactly why they use local agencies like ours.
Legal Tips Prior to Purchase
- Ask for a copy of the title deed for the property in North Cyprus you intend to purchase
- Check the sheet plan - plot references and the site plan,
- Look at the site plan and ascertain from its boundaries its shape and boundaries,
- Make a land search to understand; if there is a deed, the kind of the title deed and whether there is any encumbrance on it (from Land Registry),
- Always make a contract before making any payment.
Once a Property Has Been Decided Upon
After deciding on the property you wish to buy, a land search should be made and, afterwards, a contract should be signed with the vendor. This process should be followed for all North Cyprus properties.
It should be noted that according to Property Purchase (Foreigners) Law and the related regulations, Law No: 109, a foreigner’s purchase is limited to one donum (donum is a measure of land equivalent to 1,600 square yards, 1,338 sq. meters or 14,400 sq. ft., 0.336 acre) of land (unless the foreigner forms a company or constitutes a trust with a local person). A permit to purchase from the Ministry of Interior is then applied for in order to receive the permission to purchase the property. This may take between six and eight months. After the issuance of the permit, the Purchaser is entitled to register his/her name to the land registry as the registered legal owner. The Purchaser would then need to be in Cyprus to sign the relevant papers completing the change of ownership. In cases where the Purchaser is not in Cyprus at the time of the transfer, a power of attorney may be issued on behalf of the Purchaser's local counsel and the transfer may be executed in this way.
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