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Stages of Buying Property in North Cyprus

Step-by-step instructions for buying property in Northern Cyprus:

1⃣ Choosing a property;

2⃣ Payment of a reservation deposit (in order to remove an apartment from sale and assign it to your name for 2-3 weeks);

3⃣ Signing a contract of sale;

4⃣ Payment of the down payment and stamp duty of 0.5% for registration of the contract with the tax service.

5⃣ Registration of the contract in the Land Cadastre;

6⃣ Payment of the balance for the property;

7⃣ Payment of taxes: VAT 5% and Transformer fee (fee for connection of communications);

8⃣ Submission of an application to the Ministry of Internal Affairs to obtain a purchase permit;

9⃣ Payment of a transfer fee for the transfer of title to land in your name;

🔟 Title translation (full ownership).

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