How To Buy

BUYING PROPERTY IN NORTHERN CYPRUS

Buying property in Northern Cyprus is far easier than you might think. We, as Caria Estates International, will assist you with our extensive experience of Northern Cyprus properties during your purchasing phase. Unlike in Turkey, the buying process is held by attorneys-at-law, so all of the relevant legal procedures will be followed by our legal adviser and lawyers.

What to do before buying property in Northern Cyprus;

  • Do some thorough research about the island and decide in which part of the island you prefer to invest in Northern Cyprus and live.
  • The major areas to be invested in are Kyrenia, Esentepe, Long Beach, and Famagusta
  • Make sure you have prepared your finances accordingly.
  • Consult your estate agent in Northern Cyprus regarding your investment.
  • You should know in advance that each foreign individual has the right to own only 1 property in Northern Cyprus Nicosia

EXPENSES AFTER BUYING PROPERTY

Electric Connection: £ 300

Water Connection: £ 200

White Goods: £ 1,500 - £ 2,000 (if needed)

Aır Conditioners: £ 1,000 - £ 2,000 (if needed)

Furniture: £ 2,000 - £ 5,000 (depending on size)

Monthly Maintenance Fee: £ 50 - £ 125 (per month)

Annual Property Tax: 3 TL (per m2)

EXPENSES WHEN BUYING PROPERTY

Expenses When Buying Property in Northern Cyprus;

  • 5% VAT: Calculated based on the value of the property written on the contract.
  • 3% Sales Tax: Calculated by Land Registry Office based on assessed value.
  • 0,5% + £ 40 Stamp Duty: Payable to Land Registry Office based on contract value.
  • £ 1.500: Lawyer’s fee to follow up your buying procedure.