Frequently Asked Questions

This is a topic that confronts those who want to buy real estate in TRNC and sometimes causes uncertainty. Three types of title deeds are used in the Cyprus real estate sector.

* Turkish Title Deed: It is the type of title deed/deed belonging to the real estate owned by Turkish Cypriots before 1974. Investors may sometimes consider investing in this type of real estate an advantage.

* Equivalent Title Deed: It is a type of title deed that belonged to people of Greek origin before 1974, but was given to the Turks who immigrated from Southern Cyprus after 1974, in return for the places they left behind.

* Allocation Voucher/Deed: It is the voucher owned by people of Greek origin before 1974, and rented by the state after 1974.

When investing in land or examining a house in TRNC, you can see these two terms very often when you look at its garden. 1 donum corresponds to 1338 square meters, and 1 evlek corresponds to 4 houses.

Investing in the Cyprus real estate sector is profitable, but a little expensive in terms of costs. Because tax rates are quite high compared to the closest country, Türkiye. Attorney fees range from £1,000 to £1,500, including the contract, power of attorney, arranging a purchase permit and other transactions during the purchasing process. Stamp duty of 6% of the valuation of the Cyprus Land Registry Office, 1% stamp duty expense paid to the Northern Cyprus local council and 5% VAT to the Northern Cyprus land registry office are paid during the transfer of the title deed.

In a word, yes. Especially recently, Turkish investors are pursuing lucrative opportunities and showing great interest in TRNC real estate.
Approval from the Council of Ministers is sufficient for housing purchase.

You can, but this is subject to special permission. Foreign investors can buy 1 house or 1 decare of land per person in Northern Cyprus. Married couples are also counted as 1 person. Of course, there are different alternatives to get more. In order to avoid any limits in this process, investors can use the contract purchase method without transferring the title deed. Or, in order to purchase more, the investor needs to establish a company.

When we look at the recent price index, the answer to this question is 'yes'. Because this is an island, its land is limited. There is also a possible solution process ahead of the TRNC. That's why prices are increasing day by day, real estate products are gaining value day by day. You already see the difference when you compare it with high rental income. A house purchased in TRNC pays for itself in an average of 8-11 years.

Rule one, you need to be cautious and cautious. As is the case everywhere in the world, there are negative examples that cause misdirection in the TRNC real estate sector. Because there is no control in the sector, those who are free, so to speak, can introduce themselves as real estate agents. Therefore, when you have such an investment intention, it would be beneficial to get consultancy from people/companies whose professionalism you are sure of.