Retiprittp.com

the source of revolution

Legal Law

Property in North Cyprus – How to buy in North Cyprus

Property in North Cyprus is becoming more and more popular as the world discovers this still undeveloped Mediterranean island. Although property prices have risen a bit, prices are still below normal prices in the UK and South Cyprus. Before you decide to buy properties in North 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 wishing to purchase property in North Cyprus, you should engage the services of a reputable real estate agent and a local lawyer. Before hiring an attorney to represent you in your purchase, you should verify that you have no interest in the property or are not a business associate of the seller. A trusted attorney will help make the purchase safer and easier for you.

One of the most important steps when buying property in North 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 property titles and your attorney should be able to advise you on these. When you hire an attorney, 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 6-18 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 attorney should draft a contract outlining the terms of the sale. Your attorney can also help you pay any 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.

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *