New allowance in buying real property in TRNC

New allowance in buying real property in TRNC

We are here with some good news for all the property owners and potential property purchasers in North Cyprus! According to the new law, foreigners are allowed to transfer up to three properties (apartments) into their names, instead of one property, as it used to be.

However, the Transfer tax for the first property is 3%, as usual and 9% for the second property, and 10% for the third property.

In case you decide to proceed with a transfer of Title Deed, our experienced lawyers and legal assistants are always ready to help and give consultation to you about the procedure and the documents required.