Established in 1984, Korinia Estate Agency has have helped thousands of happy clients to sell their properties – no matter where you go along the North coast of Cyprus you are never far from one of the beautiful homes that we have sold over the years!
Korinia Estate Agency specialise in property sales and our main company objective is the sale of properties in North Cyprus – by this we mean that our sole focus is not on construction or anything else.
For property re-sales we recommend that you allow us to display a small sign outside your home (only 0.5m x 0.5m) not only so that passers by can see that your property is available – but also so they are aware that it is available through a reputable, professional estate agent.
For developers with new projects and multiple properties we are happy to place a larger billboard to advertise your project.
Korinia are happy to offer Sole Agency to any of our clients at a much reduced agency fee. Properties that we are the sole agent for are guaranteed a higher profile in our advertisments and a regular spot within our much viewed window displays.
Generally, it is not necessary to go to the extreme lengths that some home sellers do in Europe to sell their property, such as completely refurnishing the whole house! It is certainly important to present your property as best you can, but the old cliche’s of putting some dough in the oven and a pot of warm coffee in the kitchen are rarely called for!
Every property is different and we will be happy to give you honest advice about anything that we feel you can do to help sell your property. A few general pointers from our experience:
All people, whether they are North Cyprus citizens or foreign nationals, are entitled to sell one property each in North Cyprus absolutely tax free. If you wish to, you can ‘carry over’ this tax exemption to another property at a later date if you are planning on buying and selling more than one property in Northern Cyprus.
When the title deeds of your property are ready to be transferred to a new buyer, the authorities will make a valuation of your North Cyprus property (most often 70% to 80% of its sale price) and for each taxable property that you sell you will be liable to pay 3% of its valuation.
If an individual sells (i.e. transfers the title deeds for) more than 3 properties in a single year then that person becomes liable to pay professional home seller tax for all properties thereafter at a rate of 6.5% of the North Cyprus property valuation. Only after a period of 3 years of not selling any properties can that persons Northern Cyprus property tax revert to the standard 3%.
Thanks Kirk, we love our new hause! And we wish we could spend more times there but maybe one day! We also wish we came to korinia first so we dont waste time looking with other companies. We know for next time! Best wishes, Dee. ...