Once You Decided What You Want
You have visited and liked Northern Cyprus and some of the properties offered in Northern Cyprus, and you are now ready to invest in one or a few. Please read below carefully and get information on all the details of purchasing in Northern Cyprus.
The process for buying a “freehold” property (most commonly found title type) is as follows:
According to Property Purchase (Foreigners) Law and other relevant regulations, Law No: 109, Foreigners’ purchase is limited to one donum (donum is a measurement of land equivalent to 1,600 square yards, 1,338 sq. meters or 14,400 sq. ft., 0.336 acre) of land or one immovable property, unless you register a local company in Northern Cyprus with Turkish Cypriots acting as 51% nominee shareholders.
Next, your solicitor applies to the Ministry of Interior on your behalf for a permit to purchase immovable property. Permissions may take anything between 12 to 18 months to be issued. Only after the permission is granted can the purchaser register his/her name at the land registry as the registered legal owner. Where the Purchaser is not able to be present in Northern Cyprus at the time of the transfer, a power of attorney may be issued with his/her local counsel and transfer may be executed in this way.
It is strongly recommended that you engage legal help to make sure you have proper title to the property you invested. The equivalent to a UK solicitor in Northern Cyprus is called ‘Avukat’. Distinctive Properties can advise you on independent local English speaking Lawyers .
Please note that this information is not a legal opinion and has been prepared to give general information about the property law and practice in Northern Cyprus.
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