
Freehold Title Deeds
This TRNC Freehold title deed can be broken down to four possible variants, one of which will apply to your purchase. These are:
Pre. 1974 Foreign Title.
Pre. 1974 Turkish Title.
TMD Title.
This applies to land given by the government to Turkish and Turkish Cypriot people after 1974 for military service and to encourage settlers. This was to promote and encourage economic progression.
Exchange Title.(Esdeger)
This applies to land or property awarded by the government to a Turkish Cypriot in exchange for land or
property they were forced to leave behind when fleeing the south in 1974.
All of these versions of the TRNC title deed can be considered safe to purchase but as with any property purchase, it is most important that the prospective purchaser employs a local solicitor well versed in the property and land laws. They will be able to assure you that your intended freehold is legitimate and clear of any debts or liens. Busy Bees Estate Agents can introduce you to such solicitors if required.
Buying Leasehold Property.
The actual process for buying leasehold is similar to freehold but the application is made to the Ministry of Tourism rather than the Ministry of the Interior. This is effectively obtaining permission for you to purchase property in North Cyprus. Again it is highly recommended that a good local solicitor is employed from the start.
New Build Purchases.
When buying off plan for a new build property it is normal to agree a staged payment plan. Your solicitor will draw up a contract detailing price, specifications, payment plan and timescale. For more on buying off plan click this link.
If you have any questions regarding buying in North Cyprus not included in this overview, please contact us and we will do our best to answer them.