Property purchase; full conveyancing package

Conducting Real Estate Transactions in Northern Cyprus

Conducting real estate transactions in Northern Cyprus is a legal process that requires careful review and compliance with all procedures established by law. Our role is to guide the client through every stage of the transaction, protecting the interests of both the buyer and the seller, and ensuring its legality.

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Stages of the Transaction

Property Selection

The selection of a property is usually done by the clients themselves or by agencies. Our work begins once the property has been chosen and consists of legal support throughout the transaction.

Ownership Verification

Before concluding the transaction, we conduct a legal property check (Search) to ensure the property is legitimate and free of restrictions. More details about this service can be found here.

Signing the Sale Agreement

We prepare and review the contract so that all key terms of the transaction — price, payment procedures and deadlines, property transfer — are clearly defined and protect the interests of both parties.

If necessary, the contract can be signed remotely via power of attorney. In this case, we fully manage the process, allowing the transaction to be completed without the client’s physical presence on the island. More information on contract registration can be found here.

Contract Registration

The contract must be registered with the Land Registry. This is a mandatory procedure that confirms the buyer’s rights. More details about this service can be found via the provided link.

Payment and Transfer of Rights

We organize the process so that payments and the transfer of rights occur simultaneously. This protects the interests of all parties — both the buyer and the seller.

At the client’s request, we can accept funds into our company’s bank accounts and hold them until the transaction is completed. In such cases, a separate agreement is drawn up to regulate transfers between the parties, including international transfers.

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Legal Aspects of the Transaction

• Title. There are different types of property titles in Northern Cyprus. We handle transactions for properties with an existing title as well as for assignments where the title is still with the developer. More about title types can be read here.

• Taxes and Fees. During the transaction, stamp duty, transfer tax, and a fee for submitting an application to the Council of Ministers (equal to half of the minimum wage) are paid.

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Risks and How to Avoid Them

• Insufficient document verification. Without legal expertise, it is easy to encounter debts, restrictions on transfer, or other problems.

• Incomplete transaction registration. A common mistake is paying only the stamp duty and considering the process complete. Registration must be fully completed: all taxes must be paid and a Land Registry certificate (S.S.K.) obtained. Only this document confirms that the contract is officially registered.

• Complications with assignments. For properties without a title (held by the developer), it is crucial to legally formalize the transfer of rights.

• Delays in property transfer. To avoid disputes, we clearly define transfer conditions and monitor their implementation.

Working with professionals minimizes these risks and ensures a safe transaction.

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Conclusion

Conducting real estate transactions in Northern Cyprus is a complex process that requires legal accuracy and experience. We guide the client at every stage, protect their interests, and ensure transparency in all actions.

De Jure Consulting will help you complete the purchase or sale of property correctly, taking into account all legal requirements and practices in Northern Cyprus.