101evler
  1. Home Page
  2. FAQ

North Cyprus (TRNC) Property Guide

North Cyprus (TRNC) Property Buying Guide

  • Foreign nationals can only take title to immovable property which equals to 1 plot of land and/or 1 donum of land and/or 1 house.
  • In order to purchase more than one immovable property and/or one house and/or a property over 1 donum in area, it is necessary to use trustees or set up a company in T.R.N.C.
  • Construction permit license should be acquired for constructing a building and/or house on the immovable property.
  • The immovable property to be purchased should be free of any mortgages/charges or impediments.
  • The Vendor (Seller) should be the registered true freehold owner of the property.
  • The Contract of Sale should be registered at the Land Registry within 21 days from the signature date.
  • In order to register the immovable property under Foreign National’s name, application for permit to purchase property must be submitted to T.R.N.C. Council or Ministers and the permit must be granted by the Council of Ministers.

  • If a Contract of Sale is made, 0.5% of Sale Price as Stamp Duty (Paid by the Vendor)
  • 6% Land Registry Fee for Transfer of Immovable Property Title Deed (However, each Purchaser has the right to pay 3% instead of 6% on a one-time basis)
  • 5% VAT (Paid by the Purchaser; subject to change based on the Professional status of the Vendor. If the Vendor is not a Professional, Purchaser does not pay the 5% VAT)
  • Capital Tax (Paid by the Vendor)
  • The applicable taxes are different if the transfer is done as a gift; 0.2% for gift from parents to children, 0.4% for gift from one spouse to another, 0.4% and capital tax for gift from grandparents to grandchildren

  • Pre-1974 Clean Freehold title properties, Immovable Property Title Deeds which belong to Turkish Cypriots, British and other nationals since prior to 1974
  • Exchange Properties, Turkish Cypriots register their losses from the properties they left in South Cyprus in T.R.N.C. and earn points in return which can be used to purchase property in North Cyprus and accordingly they can purchase properties left by Greek Cypriots as exchange
  • Turkish Mainland Deed Properties, title deeds given and/or assigned by T.R.N.C. government after 1974 to war veterans, their families, people invited from mainland Turkey to live and work in T.R.N.C. and people who moved from South to North but do not own any propery.

    • Here are the useful area measurment units of North Cyprus

  • 1 Dönüm = 4 Evlek = 14.400 ay2 = 1.338 m2
  • 1 Evlek = 3600 ay2 = 334,5 m2
  • 1 m2 = 10,76 ay2

    • Area Converter

    Publish Your Ads

    Sign up now to start sharing your ads!

    Sign up

    101evler Mobile

    Links

    Property Ads

    Follow Us on Social Media

    Our Co-Brand

    101evler.com has no responsibility about all announcements, information, content and visual pictures entered by the other users or real estate companies. Correctness of these contents which entered by other user/companies are belongs to the announcements owner.

    Copyright © 2020. All Rights Reserved.