North Cyprus with exceptionally nice climate and various natural beauties
is a place everyone wish to live.
There is no pollution,
no traffic problem and Turkish Cypriots are extremely kind and warm
people.
These are main reasons why a foreigner would want to buy a property and
live here.
*
Property Title Deeds & Purchase
Procedure in the TRNC
For
foreigners, the most crucial factor
in buying property, whether it be
land or buildings, is to use a
qualified lawyer
in
all cases for all contracts and
Government applications.
*Additional Costs
The purchase permit application costs between £ 1000 and £ 1,500.
6%title deed transfer fee and 5% VAT is due to the Registry Office.
Another GBP1,500 for electricity, water, phone connection fees.
*Other Costs
For a standard family
(four persons) living expenses of
electricity,
water, telephone, municipality fee is not more than £100
per month. Yearly property tax is around £50.
There are no any government restrictions in selling your property.
FREQUENTLY
ASKED QUESTIONS:(coming soon)
Send mail to
info@img-ltd.com with questions or comments about this web
site.
