Who has the right to conduct real estate transactions in Northern Cyprus

According to the rules discussed under the new Real Estate Association law, real estate activities in Northern Cyprus should be carried out by companies that are members of the Northern Cyprus Real Estate Association. This means that if you are buying or selling property through an agency, it is safer to choose those who operate within this association and can confirm their status.

• Who can work in real estate
• Northern Cyprus Real Estate Association
• Frequently asked questions about real estate in Northern Cyprus
• If you need help with real estate matters

In early November 2023, the Northern Cyprus Real Estate Association Law was submitted for ratification to the General Assembly. The adoption of the law strengthens control over the real estate sector.

It is expected that the law will not only streamline the real estate industry, protecting both sellers and buyers, but also ensure regular tax contributions to the Northern Cyprus budget.

Who can work in real estate

Under the new law, only companies that are members of the Northern Cyprus Real Estate Association will be allowed to engage in real estate activities.

Northern Cyprus Real Estate Association

The Association has existed since 2004 and is tasked with regulating the quality of services provided to buyers and sellers in the Northern Cyprus real estate market. The Real Estate Association, which has long advocated for the adoption of the law, sees it as a victory over the illegal real estate market in Northern Cyprus.

Frequently asked questions about real estate in Northern Cyprus

Which agencies can engage in real estate?

We have compiled verified real estate agencies on a separate page, where you can review them and also get advice from our specialist by phone at +90 539 114 05 55.

Can I register a purchase-sale agreement myself?

Yes, you can do it yourself. However, without knowledge of the language and local legislation, this option is often complicated: in practice, it is easier to delegate the process to a verified agency authorized to conduct real estate activities in Northern Cyprus.

If you need help with real estate matters

If you have questions regarding real estate matters, you can contact our legal partner — DeJure.

• Phone: +90 539 119 05 55
  
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