☄️ How to Complete a Real Estate Purchase in Northern Cyprus ☄️ Buying property is always a significant decision, especially in a foreign country. However, the process of purchasing real estate in Northern Cyprus is straightforward and accessible. 1️⃣ **Choosing a Property and Document Verification** Before signing any documents, it is crucial to ensure that the property is legally clear. To do this: - Check the ownership documents from the seller (title for the land or building). - Request information from the land registry. - If it's a new property, verify the developer's documents. It is advisable to do this through a lawyer who operates in Northern Cyprus. 2️⃣ **Property Reservation** To reserve the property and take it off the market, a reservation agreement is signed, and a deposit is made (usually between £1,000 and £5,000). This amount is included in the total price. After this, the buyer and seller agree on the transaction terms: - The total price of the property. - Payment schedule (if purchasing in installments). - Timeline for the transfer of the property. 3️⃣ **Signing the Sale Agreement** Once all terms are agreed upon, the main contract is drafted. The agreement includes: - Details of the buyer and seller. - Total price and payment method. - Guarantees and obligations of both parties. - Deadlines for completing the transaction. The contract is signed in the presence of a lawyer. This is a mandatory requirement that protects the buyer's rights. 4️⃣ **Registering the Agreement with the Land Registry** After signing, the agreement must be registered with the land registry within 21 days. This step is important as it formalizes the buyer's right to the property and protects against potential resale to third parties. 5️⃣ **Obtaining Purchase Permission** Foreign citizens can own property in Northern Cyprus, but official permission from the Council of Ministers is required. To obtain this, an application must be submitted, including: - A copy of the passport. - Property documents. - A certificate of no criminal record. This process can take anywhere from a few months to a year, but it is a formality that does not prevent the buyer from using the property. 6️⃣ **Final Payment and Key Handover** After full payment, a property transfer deed is signed, and the buyer receives the keys. If the property is ready, they can move in immediately. 7️⃣ **Title Deed (Property Ownership) Registration** The final step is obtaining the title deed (Tapu) in the buyer's name. This official document confirms that the property now fully belongs to you. After receiving the title deed, you become the rightful owner and can manage the property without restrictions. 8️⃣ **Important Considerations** - It is best to conduct all payments through a lawyer or notary. - Always verify the existence of the title (temporary or permanent). - Work only with reputable developers and agents. See property in Cyprus at developer prices on our website: https://worldestate.homes/en/north-cyprus/terrace/