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  02 July 2008      KDV (VAT)                                 
Documents you must receive

KDV (VAT)

Permission to Purchase

PTP Office Telephone Numbers

00 90 (0)392 611 1143

00 90 (0)392 611 1127

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

Property Information Office

Tel: 00 90 392 227 7793

www.trncproperty.eu

 

Specific Performance Law Petition

Orams petition and background

Lawyer assessment form

 

Buying a property

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 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.

  • 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 prominantly 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:

Re-sale or Re-assignment NEW 02/07/2008

Purchase Procedure Guidelines-HBPG Do's & Don'ts Updated 02/07/2008

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

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

More answers from the Interior Ministry

Answers from the Interior Ministry

Construction Association Advert

Estate Agency Law

Surveys Now Mandatory Cyprus Today April 1, 2006

Stamp duty / Contract registration   Updated 31/03/2008

Property Complaints Office opens  Updated 05/02/2008

Certified Estate Agents Link to Property Informatio 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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