Property in Northern Cyprus – How to buy in Northern Cyprus

Property in Northern Cyprus is becoming more and more popular as the world discovers this untapped island in the Mediterranean. Although property prices have risen a bit, prices are still below normal prices in the UK and South Cyprus. Before you decide to buy property in Northern Cyprus, you should visit the island and explore to find an area that offers you the best views and the most fun. You must also take steps to ensure that your property is purchased from a seller who has the right to sell the property.

If you are a foreigner looking to buy property in Northern Cyprus, you should engage the services of a reputable estate agent and a local lawyer. Before you hire a lawyer to represent you in your purchase, you should verify that they do not have any interest in the property or are not a business associate of the seller. A trusted lawyer will help make the purchase safer and easier for you.

One of the most important steps when buying property in Northern Cyprus is to make sure that the property has a title deed recognized by the TRNC (Turkish Republic of Northern Cyprus). There are various types of land titles and your lawyer should be able to advise you on this. When you hire a lawyer, it may be a good idea to give them power of attorney so they can sign important documents if you will be out of the country.

Some things, like Board of Trustees approval of the purchase, can take anywhere from 6 to 18 months, and your attorney will need to be able to sign the documents to complete the sale once your purchase has been approved. Once you have decided on a property, your lawyer should draw up a contract that outlines the terms of the sale. Your lawyer can also help you pay the applicable fees and taxes. Once your attorney receives approval of the purchase, he can sign the necessary documents to change the title to his name.