NORTH CYPRUS SELLERS GUIDE
Why sell properties with Korinia Estate Agents?
Korinia Estate Agency are Northern Cyprus Property Sales Specialists and our main company objective is the property sale in North Cyprus.
Established since 1984, Korinia Estate Agency have helped thousands of happy clients to sell their TRNC properties – no matter where you are along the North coast of Cyprus you are never far from one of the beautiful Northern Cyprus properties that we have sold over the years.
We will only advertise your TRNC property for sale within quality international property websites and local media that have a proven record of interest from potential buyers.
Advice for your Property Sale in North Cyprus
For individual property sales we recommend that you allow us to display a small and unobtrusive sign outside your home (no more than half by half a metre) not only so that passers by can see that your North Cyprus property is available – but also that it is available from a reputable, professional Northern Cyprus estate agent. For developers with new property sale projects and multiple properties we are happy to place a larger billboard to advertise your real estate project.Preparing Your North Cyprus Property for Sale
Generally, it is not necessary to go to the extreme lengths that some Northern Cyprus property sellers do in the U.K to sell their properties. It is certainly important to keep your property for sale presentable and in good condition, 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!
Property buyers in North Cyprus are often used to inspecting half constructed Northern Cyprus properties for sale in building sites and even newly built properties in North Cyprus are rarely delivered in clean and ‘ready-to-move-in’ condition. The initial first impression of your property is important to prospective buyers and so if you are selling an older property in Northern Cyprus then an external re-paint can certainly increase the number of enquiries into your home. If you have a garden, it is advisable to have it cleared at regular intervals as untended land in North Cyprus quickly becomes overgrown.
Sole Agents
Korinia Estate Agency are happy to offer Sole Agency to any of our clients at a much reduced agency fee, our estate agent properties are guaranteed a higher profile in our advertisements and a regular spot within our much viewed window displays.
Property Taxes in North Cyprus
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%.
North Cyprus Weather
Testimonials
Dear Kirk and Jacqui, We’d just like to say a huge ‘thank you!’ for all you’ve done for us this year. After hearing about the problems some people have had buying properties overseas, we were always worried that it could all go wrong, but I’m happy to say that we are delighted with...