ABOUT US

Cyprus Constructions is the premier provider of high quality North Cyprus Properties.

Cyprus Constructions is a professional developer providing quality properties in North Cyprus. Our goal is to provide you the best in service and quality with of course, competitive prices.

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Inspection Trips

If you are interested in buying property in North Cyprus we would like to take the opportunity to invite you to participate in one of our comprehensive inspection trips at your earliest convenience. An Inspection Trip is usually a 3 day trip to view developments and properties in order to become familiar with the area in which you are looking to purchase property in north cyprus. This helps to take away the worry and stress of buying in a place you may not be familiar with. On a typical Inspection Trip you will be picked up from the airport and be taken you to your accomodation in the local town of Kyrenia – the Tourism Capital of Northern Cyprus. We will take you out to visit our projects on-site and guide you through all you need to know about the buying process. We will also take you to any area of interest and you will have access to our full range of services including independent financial and legal advice. Rather than a formal viewing trip, we prefer to conduct things on a much more personal level. We therefore will arrange to have you picked up from the airport, transported to your hotel of choice and toured around our projecrs. We can also arrange a sight seeing tour of the many North Cyprus tourist attractions and an authentic Turkish BBQ lunch and/or Dinner if requested. Book now for a hassle free inspection trip to our island: one that you shall never forget.

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Aspects to Consider While Buying Property in North Cyprus from Cyprus Constructions

As the legal system in North Cyprus is the same as that of the UK, the whole process of buying properties 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.

Select and Reserve the Property

Once you decide on the property you would like to buy, make sure to pay the reservation fee to secure the property and have it removed from the market. 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 cheques take a few weeks to clear. If you are present in North Cyprus, it is possible to pay via credit card 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. The solicitor’s role is to advise you, release payments 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. Solicitor fees may vary but are roughly around 1500-2000 GBP.

Sign Contract

A contract of sale is then drawn up by your solicitor, setting down the terms of sale, i.e. property details, specifications of property, site plan of the property, governmental site plan of the land in North Cyprus, floor plans, price, payment terms, timescale, vendor, purchaser and any extra requirements. In many cases, the purchaser returns home, the contract is then e-mailed or faxed to the purchaser to review and only once the purchaser has approved the solicitor will proceed with signing it in your absence and on your behalf. The purchaser should also receive a final signed copy for the records.

Payments

Once the contract is signed the purchaser pays the first installment to the Developer. Both parties are expected to then follow the payment schedule recorded in the contract of the property sale. Note that any reservation deposit made before the signing of the contract is deducted from the first installment.

Purchase Permit

A permit to purchase from the Council of Ministers in North Cyprus is then applied for by your solicitor. This may take around 12-18 months to be clarified.

Fees and Costs

Once the permission is granted, the purchaser is entitled to register his or her name at the Land Registry as the registered legal owner of the North Cyprus Property. Again, in the absence of the purchaser, a Power of Attorney will allow the solicitor who will, on the clients behalf, deal with all these formalities. Most likely the solicitor will notify you when the permission has been granted and he/she will then fill out all of the necessary land registry valuation forms for the valuation of the property that you have purchased. It is usually at this point that taxes will be payable. The taxes are calculated based on the land registry valuation (usually the open market value of the property on the date the transaction took place). For more information on taxes please contact your solicitor. The sales process will come to an end when all of the taxes are paid and the title deeds are registered in your name.

Questions Related to Legal Matters

Is a visa required to live in North Cyprus?

Yes. North Cyprus requires a visa for resident status. People coming from the U.K. and other major European countries automatically obtain a 3-month visa upon arrival. An extension of this time period can be granted, provided you successfully apply for a residency permit (implying that you plan to settle permanently). Typically, as the visa process can be long and tiresome, many people opt to hire a solicitor. Please see the FAQ regarding solicitors below.

What is the average price of a solicitor in North Cyprus?

Generally, solicitors charge around £1,500 – £2,000 for a purchase contract and £300 for the permit. This fee covers the handling of all applications required for living in North Cyprus. Solicitors also help in ensuring the validity and legality of transactions.

How do I ensure the validity and legality of financial and official transactions?

As mentioned earlier, the employment of a local solicitor is not required but is highly recommended. For a general fee a solicitor will personally follow-up on transactions at the local government offices. Furthermore, the solicitor will check your Contract of Sale to be signed by you and the developer of the property, therefore ensuring its legality and authenticity. A permit for owning a home is required which usually costs £300 more and is received about a year after occupancy.

Are there any additional taxes, fees, or charges that I should anticipate?

Certainly, the last thing anyone wants is to be surprised with unanticipated charges. We have created a list below, of common taxes, fees, or charges that apply:

Foreigners can expect to pay a VAT which, at the moment, is 5%, and a stamp duty, which is 6%. The stamp duty is paid to the Registry Office once the title is registered under your name, and can be paid several months after the keys are in your possession. It is important to note that these percentages are of the government valuation of the property and not the sales price, and that this value is usually significantly lower than the actual sales price.
There is also a small contract stamp duty that buyers must pay. This estimate can be obtained by your solicitor.

NOTE: The Tax Authorities have given first time investors the incentive of a one time opportunity to reduce the stamp duty to 3%.

Any other charges?

Water & electricity connection fees, which vary according to the project.

Can I purchase from abroad?

At Cyprus Constructions we aim to facilitate all of our clients needs, including those who live abroad. If you are interested in buying property in north cyprus but are not able to travel immediately, we would be happy to assist you. Simply submit an inquiry and one of our team members will contact you and personally walk you through the process.

What documents are required when buying property in North Cyprus?

Your passport is the only document required.

What is the legal system in North Cyprus?

The legal system is the British legal system.

Questions Related to North Cyprus

What is the unit used to measure land?

Land in North Cyprus is measured using Donums and Evleks. One Donum of land is equivalent to 1,338 square metres, which translates into a third of an acre. The second unit, the Evlek, is a quarter of a donum or equivalent to 3,600 square feet.

What side of the road do cars use?

Left Side

Do I need to change my driving license?

Those with foreign licenses are permitted to drive for a period of three months, after which a local (TRNC) driving license must be applied for.

What language is used in North Cyprus?

The official language in North Cyprus is Turkish. However, English is widely spoken. In fact, it is common for business to be conducted in English.

What type of climate does Cyprus have?

Cyprus is known for its long, hot summers and short, light winters. The Island typically sees 300 days of sunshine, providing for consistent summer temperatures up into the 30^os (C). Perhaps equally important, the sea temperature is quite comfortable year round, with winter seasons witnessing an average temperature of above 16^oC.

What type of education opportunities does North Cyprus offer?

The education system in North Cyprus is constantly improving. It is widely known for its excellence in secondary education and its adherence to the English curriculum. There are many opportunities for advanced education, including several universities.

Am I required to open a local bank account in order to buy property?

An account at a local bank is not required to buy property in Cyprus. However, if one desires to open a bank account, there is a wide selection of local and foreign banks, which offer a full range of services.

What is the electricity current?

The voltage and the plug sockets are the same as in UK (3 pin).

Can I bring pets with me?

Your pets are welcome here in North Cyprus! The required vaccination process includes a quarantine period and can be easily coordinated through your local vet.

Can I arrange a visit?

Absolutely. Contact Us to arrange a date at your convenience.

Which are the favorite beaches?

Northern Cyprus is known for its attractive sandy beaches. Some of the most renowned beaches near our project areas include: Acapulco and Alagadi in the Kyrenia district, Golden Beach and Malibu Beach in Karpas.

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Cyprus Construction

QUESTIONS?

“Have questions? Our team is here to help with any information or support you need”

Cyprus Constructions is the premier provider of high quality North Cyprus Properties.

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