|
There
are 4 types of title deeds offered in Northern Cyprus. The
process to purchase your property is dependent on which
title deed your property holds.
Freehold
- Foreign Title
This is property owned by European residents, (eg. British,
German, Dutch). The title deed is internationally recognised.
There are a number of checks to be carried out by the Council
of Ministers, which means the sale will take approx. 3-6
months to complete.
Freehold
- Turkish Title
This is property Turkish Cypriot owned prior to 1974. There
are a number of checks to be carried out by the Council
of Ministers, which means the sale will take approx. 3-6
months to complete.
TRNC
Title
This property was previously Greek Cypriot owned prior to
1974. Again there are a number of checks to be carried out
by the Council of Ministers, which means the sale will take
approx. 3-6 months to complete. TRNC Title Deeds are considered
safe to purchase.
Leasehold
Title
The Government owns this property. Long-term leases are
granted for 49yrs. You can apply directly or via a solicitor
to the Ministry of Tourism to transfer the lease.
Click
here to learn the process for buying any freehold property.
Click
here to learn the process for buying a leasehold property.
|