We offer our standard contract (contract of sale ); several solicitors in TRNC have approved this. We recommend our clients to be represented by a solicitor in whole procedure of the sale. A list of solicitors can be given on request.

The role of your solicitor must be as follows, the cost is approximate 1.000£:

•  To check if the title deed is in order
•  To check if the land is free of outstanding mortgage
•  To advice on the contract
•  To ensure the money transfer is made correctly
•  To apply and follow up your application for permission to buy property at the council of ministers, this can take up to 12 months
•  To handle the conveyance of the property into your name and advise about taxes.

In addition on the purchase price, following expenses and taxes will incur:

•  VAT 5%
•  Council tax: 1%
•  Transfer Fee 6% (or 3% life option reduced tariff)
•  Electricity and water connection

Gayem Contract A1 to AR4

Gayem Contract B1 to B4


Title deeds

There are 4 types of deeds:

•  Free hold – Foreign title: the title is internationally recognised and previous owned by European residents.
•  Freehold – Turkish title: owned by Turkish Cypriot
•  TRNC title: property previously owned by Greek Cypriot prior to 1974, and given as compensation or sold by the Government of TRNC
•  Leasehold title: Government property, lease can be granted for 49 years.