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North Cyprus Properties, North Cyprus Estate Agent, Buying Property
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EMAIL: info@stringerestates.com - TEL: 0090 392 8158844, UK Office 01279 870083

North Cyprus Property - Purchasing Process


Please note that according to Property Purchase (foreigners) Law No109 the related regulations, foreigner’s property purchase is limited to one donum, (one donum=1,338sq.m or 14,400sq.ft, also the equivalent of: 0.336 acres). To purchase more than one donum of properties is possible. The client having to first form a company or constitute a trust with a local person in North Cyprus. A permit to purchase from the Ministry of Interior in Northern Cyprus is then applied for by your solicitor, this may take anything from 1 to 2 years to be clarified. Once this permit has been issued, the remaining balance is then paid to the vendor. After the permission is granted and the purchaser is entitled to register his or her name at the Land Registry as the registered legal owner of North Cyprus Property. In some circumstance where the client can not be present a Power of Attorney can be left with the chosen North Cyprus solicitor who will, on the clients behalf, draw all these formalities to a close.

Stringer Estates, strongly recommends that a client always retains the services of a local North Cyprus solicitor. Regardless of simplicity of a property sale, we recommend that a solicitor be employed not only for the drawing up of contracts but to also process all the relevant information and paper work regarding the clients property purchasing permit and applications to the local authorities and Ministry of Interior in North Cyprus.

 
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Stringer Estates - Registered Northern Cyprus Estate Agent, Union Membership No: (169)

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