FAQs

Q: Are there any extras to the purchase price?
A: Unfortunately yes. As the purchaser you will need to retain the services of a solicitor. The fees are approximately £1000 to £1300. The property also attracts a 5% VAT charge, payable upon transfer of title deeds. Also a stamp duty of 6% of the valuation levied by the local Land Registry Office is to paid. 1% of the 6% (Stamp duty) is a one off payment to the local council.
Purchasers will have the option to be except from 3% of the 6% stamp duty on any one & only one purchase. VAT is payable on some new build properties only.

Q: What is a Donum?

A: A large plot of land big enough for a large house a large swimming pool a large barbeque area and lots of trees and shrubs.
For the technical, a Donum (4 evleks) equals 3,600 square feet or 1,338 square meters or a third of an acre.

Q: Can I Get a Mortgage for Property in North Cyprus (TRNC)?

A: At present, due to the political isolation of Northern Cyprus it is not possible to secure international mortgages on properties in Northern Cyprus. However, some developers have now started to offer long term fixed rate North Cyprus property mortgages directly, typically for 70% of the property value over a twenty year term fixed at 5%. These mortgages are approved on a self certified basis and are not tied to your UK collateral.

Q: Do I need to be in North Cyprus to complete on a Purchase?

A: No. This is not particularly uncommon; due to customers’ circumstances many have not been present in the first instance. Most of the procedures can be accomplished via e-mail, telephone or fax etc. There is an easy process which can be used to resolve this situation.

Q: Can I do an Inspection trip?

A: We are able to organize flights, accommodation and car hire.

Q: How long can I stay? Do I require a permit?

A: These can be applied for once you have purchased your home. The British Residents Society will provide all the necessary information. You are issued a 3 month tourist visa when you arrive, after which you must apply for a residents permit.

Q. Is there an International School for my children to attend in North Cyprus?
A. There are many schools in North Cyprus that follow the UK curriculum.

Q: Are You're Prices in British Pounds (GBP) or Cypriot Pounds (CYP)?

A: All prices on our website are in UK British £'s (Sterling / GBP). Please do not confuse our prices with those on other websites which are in Cypriot £'s which when converted to Sterling work out 20% to 30% more expensive.