It is not at all difficult
to purchase your dream home in the North Cyprus, in fact, the hardest
part will be selecting a property from our extensive portfolio!
However, there are a number of lengthy in-depth checks carried out
by the Ministry of Interior, mainly to determine that the property
titles are free from encumbrances, this of course, is of benefit
to you, the purchaser.
So what is the process for buying a freehold
property?
• Decide on a property and agree a price.
• Contracts will then be drawn up by a solicitor, setting
out the terms of sale: price, timescale, purchaser and vendor details
and any other relevant conditions including the payment plan for
new-build properties.
• Signing of contracts by vendor and purchaser.
• Purchaser provides an agreed deposit.
• Solicitor applies for your purchase permit from the Council
of Ministers.
• Once the purchase permit has been issued, the remaining
balance is due from the purchaser.
• The vendor will then sign the title deed into the name of
the purchaser, stamp duty will be paid and this is known as transfer
of title deeds.
This completes the Sale
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