North Cyprus offers a simple, transparent and reliable buying process since the legal system is similar to that of the British Legal system, one of the oldest and most renowned in the world. The country's openness and safety also allow foreign buyers to complete a purchase transaction freely and without fear of repercussions. All of this, combined with its excellent location, makes it possible to make good returns on investments.

That’s the common question people ask who don’t know North Cyprus History and its political situation. And the answer to this question is “yes!”. 

In years gone by changes to the law in recent years have helped to reduce the risks when buying property in North Cyprus, significant some problems still remain in cases where properties are purchased from wrong developers and locally unlicensed overseas estate agents. 

However, the TRNC government has changed the property buying process for noncitizens and now your property purchase / your investment protected if you follow right path. 

Yes, Any nationalities can buy property in North Cyprus. 

What’s more, it’s easier to do so here when compared with many European countries. Wishing to purchase in Northern Cyprus is limited to one property per person.  

Please note that there have been times here in the TRNC when the govt has allowed foreigners to purchase and transfer more than one property so it is always worth checking. 

Yes,  a  married couple can buy one property each. 

Occasionally investors who frequently purchase a property sight unseen (without visiting) can set up power of attorney remotely via an Embassy or a TRNC lawyer (with a partner in the TRNC). Please contact us if you are unable to visit the TRNC and still wish to purchase. 

Before the title deeds to the property can be registered in your name, you will need to obtain what is called Permission to Purchase (often written as P2P in shorthand) from the TRNC Council of Ministers.  (It is rare for this to be denied – the only situation is usually if the prospective buyer has a police record in their country of origin.  This process is a positive one as it protects other TRNC residents by excluding those with a criminal history).  The timescale for obtaining this is currently around 6- 9 months, during which period your ownership is fully protected by the Registration of your contract of sale at the land registry, which must be carried out by your legal representative within 2 weeks of the contract being signed. If a clause is inserted into the contract, it is possible to resell your property before taking title – this is a feature which many investors take advantage of. 

Taxes, apart from stamp duty which is payable within 21 days of the date of the Contract, are usually payable right at the end of the transaction after your purchase permit has been granted and the title deeds are being transferred into your name. However, some vendors require VAT to be paid on the sale price at the date of delivery of possession of the property. This is usually for a new build direct from the construction company.

The rates of tax are as follows:

• Land Registry Transfer Fee - 6% (First time purchase 3%)
• VAT – 5%
• Stamp Duty – 0.5%

The Turkish Republic of Northern Cyprus still remains the top safest destination in Europe in the Mediterranean. Crime levels are very low. 

The Tourism and Education industries are the most promising and dynamic factors in the buy to let property market in Northern Cyprus. 

With a population of 300,000 there are 9 universities in Northern Cyprus serving both domestic and international students with over 90,000 students and numbers continue to rise. 

Turkish is the official national language of Northern Cyprus TRNC.