Information

 

This section contains information you should read if you are thinking of buying a property in the TRNC or you are have already bought a property but have not yet received your Koçan (Title Deed)

 

This is the only official website controlled by the Homebuyers Pressure Group.  We are not associated with any other websites or MSN Groups using the name Homebuyers Pressure Group.

 

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Updated: 11 February 2010

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PTP Office Telephone Number

00 90 (0)392 611 1127

Permission to Purchase

Documents you must receive

Documents translation

Property Investment in the TNRC

Beware!

Engaging an Advocate

Legal Protection Cover

Important Directions

KDV (VAT)

Permission to Purchase

Permission to Purchase Refused?

Estate Agency Law

Estate Agents Union

Tel 00 90 (0)392 227 3673

fax 00 90 (0)392 227 7492

e-mail: cteaa@cteaa.org

 

Construction Association

Tel: 00 90 392 228 8061

Registered builders

 

Do you have a TRNC Will?

Pinheiro Principles

Buying a property anywhere can be stressful but should also be a good financial investment.  Buying in the T.R.N.C. is no exception as long as you take your time and investigate every aspect of the property, it's location, owner and builder.

There are a few basic property related laws you should be aware of:

  • A foreigner must receive permission to purchase from the Council of Ministers for a specific property before proceeding with the purchase.

  • The construction company must be certified by Inşaat Encumenliği and also be registered with the Contractors Construction Union, see their advert published in 2007

  • A full building permit must be issued for the property before building commences (see documents you must receive for an example).

  • Full infrastructure (road, electric, water, road) must be in place before work commences on the properties.

  • The Estate Agent must be certified by the Interior Ministry and be a member of the Estate Agents Union and their certificate must be prominently displayed in their offices.  The Estate Agency Law came into effect on 2nd January 2008.

  • Stamp duty of 0.5% of the contract sales price must be paid to the Tax Office immediately the contract is signed.

  • The stamped contract must be registered at the District Land Office by the estate agent or the seller within 21 days from signing.

You should also read:

Buying Procedure

Any problems wıth your purchase?

Re-sale or Re-assignment

Property Tax  

Property Investment in the TNRC

Purchase Procedure Guidelines-HBPG Do's & Don'ts

Purchase Procedure Guidelines - supplied by Baro (Law Society of Northern Cyprus)

More answers from the Interior Ministry

Answers from the Interior Ministry

Construction Association Advert

Estate Agency Law

Cyprus Times 13 May 2006 The procedure of buying property by foreign nationals, the taxes payable on property sales and purchases in Northern Cyprus, by Arif Tahir Erisen

Surveys Now Mandatory Cyprus Today April 1, 2006

Stamp duty / Contract registration 

Certified Estate Agents Link to Property Information Office website

Interior Ministry moves to new offices

HBPG Endeavours to help Homebuyers

Sweeping Property Reforms to protect property buyers Cyprus Today April 8, 2006

Recommendations for Solutions to Property Problems

 

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