Thinking of buying a property in North Cyprus?
Thinking of buying a property in North Cyprus? Discover the island and its lifestyle firsthand with our complimentary 3‑day inspection trip—no obligations, just inspiration.
https://carringtoncyprus.com/buying-3/
What’s Included:
- Free airport transfer from any airport in Cyprus
- 3 nights accommodation in one of our fully furnished properties (1, 2 or 3‑bedroom options)
- Welcome pack on arrival
- Personalized property tours based on your preferences
- Local area exploration to experience nearby sights and amenities
- Legal introduction with experienced property lawyers if needed
You’ll not only visit available homes, but also live like a homeowner during your stay, making it easier to visualize your future on the island.
Property Purchase Procedure in TRNC
Purchasing property in the Turkish Republic of Northern Cyprus is a rewarding investment, but it comes with legal steps that must be followed carefully. With the right guidance, it can be a smooth and enjoyable experience.
Main Taxes & Fees
- VAT (5%) – Based on the contract value, usually applicable when buying from a professional developer.
- Transfer Fee (12%) – Paid to the Land Registry before transfer of ownership, based on assessed value.
- Stamp Duty (0.5%) – Must be paid within 21 days of contract signing for registration.
Total estimated taxes and fees: ~17.5% of the purchase price.
Legal Assistance & Process
Working with a lawyer is highly recommended to protect your rights and ensure a secure transaction. Services typically include:
- Land Registry Search – Verifying property ownership and ensuring no debts or encumbrances exist.
- Contract Preparation – Drafted according to your needs, including price, payment plan, and all terms.
- Registration – Ensures legal protection and prevents resale to third parties.
- Power of Attorney – Allows your lawyer to act on your behalf if you’re not in Cyprus.
Required Documents:
- Valid Passport or Driving License
- Proof of Address (Utility bill or Bank Statement, dated within 3 months)
Start Your Journey
Take the first step toward owning a home in North Cyprus—book your free inspection trip today and let us guide you through the process from the moment you land.
