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, Famagusta and Güzelyurt.
• Make sure you have prepared your finances accordingly.
• Consult your estate agent in Northern Cyprus regarding your investment.

EXPENSES AFTER BUYING PROPERTY

Electric Connection: £ 100 - 200

Water Connection: £ 200

White Goods: £ 3,000 - £ 5,000 (if needed)

Air Conditioners: £ 2,000 - £ 3,500 (if needed)

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

Monthly Maintenance Fee: £ 50 - £ 200 (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
• 3-12% 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
• Infrastructure fee: £ 1,500 - £ 3,000 max