 |
| Home |
| Site Map |
| Finance |
| Property Abroad |
| North Cyprus |
| Turkey |
| Inspection Trips |
| How to Buy |
| Link Directory |
| Apply for Link |
| Store |
| As the legal system in North Cyprus is the same as that of the UK, the whole
process of buying property in North
Cyprus is fairly simple. All legal documents are in English, and there is a
wide range of highly regarded solicitors in North Cyprus who are bilingual in
English and Turkish. Once the purchaser has decided on the property they would
like to go ahead with, then the property purchase can be completed in a very
short period of time. Hiring a solicitor in North Cyprus is essential. The solicitor will be responsible for informing you of and providing you with all documents relating to taxes, applications, processes from the time of sale through to the transfer of the title deed of the property you purchase. Furthermore, the solicitor will also deal with processing your permissions to purchase as a foreigner by applying to the appropriate Governmental Offices and will follow up on your applications to ensure completion. The solicitors in North Cyprus can be communicated via e-mail, fax and phone. Thus, constant correspondence can be ensured throughout the purchase process of a property in North Cyprus. Moreover, a property purchase may even be completed from abroad if the solicitor has been granted the Power of Attorney to act on your behalf. Steps to Buying Property in North Cyprus Select and
Reserve the Property in North Cyprus:
Once you decide on which North Cyprus Property you would like to purchase, make sure to pay the reservation fee to secure the property and have it removed from the market. Nature Bay Developers allows you to reserve any property for a refundable fee of 1000 GBP. If you are out of North Cyprus and would like to reserve a property from abroad, it is necessary to complete a wire transfer of the funds, as foreign checks take a few weeks to clear. If you are present in North Cyprus, it is possible to pay via credit card (Master card, VISA or Diner's Club International) or cash. By reserving a property in North Cyprus, you will secure it for a period of one month, which allows enough time for the sales contract to be drawn up, agreed and signed. Before moving on to the next step you should also make sure that you have reached an agreement with the Developer on the price and any extras that you may need. Hire a Solicitor: As stated earlier on, it is essential to hire a North Cyprus based solicitor to buy property in North Cyprus. There are a number of reputable solicitors to choose from (more information on solicitors we work with and which we recommend and their average fees can be found here). The solicitor’s role is to advise you, release checks upon your approval to the Developer you are buying from, apply to relevant Government Offices for your permissions to buy a property in North Cyprus, act on your behalf in your absence with the Power of Attorney, confirm title deeds including all governmental documentation, and ensure that a proper Contract of Sale is drawn up and made between you and the Developer. At this initial stage, the solicitor will check and confirm the validity of the title deeds |