Process of Buying Properties in North Cyprus

Buying a property in North Cyprus now could be your opportunity to be at the right place at the right time, before the expected rise in property prices. You do not need to be rich to make a first move in buying a property in Northern Cyprus.

Once you have chosen your property with Korinia Estate Agency, North Cyprus estate agetns, the purchase procedure is simple. Secure your chosen North Cyprus property and agree the price. A contract is then drawn up by your solicitor, setting down the terms of sale, i.e. price, payment terms, timescale, vendor, purchaser and any extra requirements. The vendor of the North Cyprus property and you as the purchaser will then sign the contract. The property buyer then pays the agreed deposit to the vendor. Your solicitor applies for your Purchase Permit from the TRNC Council of Ministers. The property vendor will then transfer the title deeds into your name and this is when your taxes are payable. The sale of the North Cyprus proprety is then complete.

Korinia Estate Agency can introduce you to Solicitors with whom you can consult your purchase of your properties in Northern Cyprus. It should be noted that according to Property Purchase Law and the related regulations of the Turkish Republic of Northern Cyprus, foreigners' purchase is limited to one donum of land, which is 1/3 of an acre or to one property in North Cyprus. However there is no limit to the amount of property and land in North Cyprus that can be purchased by a local TRNC company.

The terms of payment depend upon the property you buy. Re-sale North Cyprus properties are paid fully on the exchange of the contracts, however a reservation payment to your solicitor is advisable, which takes the property off the market until the title deeds are checked and the contracts exchanged.

Client satisfaction is our mission and we at Korinia Estate Agency will really care about your property while you will be away. You will have the peace of mind and when you will come back you will find your property in Northern Cyprusin good repair and welcoming. Korinia Estate Agency can arrange mail collection, full garden and pool maintenance, security visits, pest control checks and other propety services in Northern Cyprus.