Select a property and agree a price.
Contract to be drawn up by a solicitor based in Northern Cyprus, to include price, timescale, payment terms and specification.
Both vendor and purchaser sign to confirm sale.
Purchaser provides payment. In most cases a 15% K.D.V. (V.A.T.) will be levied on the property.
Solicitor applies to Council of Ministers on your behalf for purchase permit (this is your permission to buy in Northern Cyprus)
Once purchase permit has been received, the vendor transfers title into purchasers name.
Purchaser pays 6% stamp duty and 1% of the stamp duty charge is paid to the local Authority/Belediye. (You may use the right to be exempt from 3% of the duty on one purchase)
Sale complete.
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