North Cyprus property sale

If you’re planning to rent out your property in Northern Cyprus, it’s important to be aware of the associated tax obligations: LONG-TERM RENTAL The tax rate for long-term rentals ranges from 10% to 13% of the rental amount specified in the contract. It is crucial to register the rental agreement with the tax office. SHORT-TERM […]

For investors interested in the Northern Cyprus real estate market, it’s essential to be aware of the ongoing costs after purchasing a property. In this region, utility bills and taxes are among the most affordable in the Mediterranean. The cost of services depends on the size of your property, its infrastructure, and any additional amenities. […]

President Ersin Tatar of the Turkish Republic of Northern Cyprus (TRNC) has identified key areas for state support: tourism, construction, and the real estate market. The country aims to stimulate economic development through these sectors. Therefore, Northern Cyprus currently offers favorable conditions for investors. Foreign investors find it particularly profitable to invest in real estate […]

Northern Cyprus attracts many investors with its real estate opportunities. While experienced investors prefer to work with reputable companies, many buyers look for ways to save money. However, saving requires a smart approach, especially in Northern Cyprus. Beware of “Black Realtors”: Some realtors may try to take advantage of your lack of knowledge about the […]

The Turkish Republic of Northern Cyprus (TRNC) does not provide public access to real estate data, including addresses and owners’ names. Detailed information is stored in the Land Registry (Tapu ve Kadastro Dairesi). Only property owners can access this information, or lawyers involved in legal proceedings. After selecting a property, the owner must provide the […]

According to the laws of the Turkish Republic of Northern Cyprus (TRNC), foreigners are allowed to purchase only one property in their name. Although the local Land Registry Office (Tapu) may offer to register multiple properties, it is crucial to remember that the key document confirming ownership – the permit from the Council of Ministers […]

There is a significant difference between the cadastre (official valuation) and market value of an apartment. The legally required VAT is based on the amount stated in the purchase agreement. For instance, when purchasing a property for $100,000, you will need to pay 5% VAT on this amount. However, for large transactions, this scheme might […]

When buying property in another country, it is essential to be well-informed and cautious. This is especially true for Northern Cyprus, where there are specific nuances to consider. Here are some key recommendations for those planning to purchase property on this island: Documentation: The primary document confirming ownership in Northern Cyprus is the title deed […]

In Cyprus, many tenants face the problem of landlords not returning their deposits. Both local and Russian-speaking property owners often withhold the deposit, which is frequently doubled. We understand how frustrating this can be. Based on recommendations from our legal expert, we have compiled a few tips: According to the law of Northern Cyprus, landlords […]

Due to language barriers and the complexity of local laws, many people prefer to use the services of a private notary or lawyer when registering a purchase and sale agreement. These services can cost from £300 to £1500, depending on the terms offered by the lawyer. Fortunately, the developer often handles all the formalities related […]