What to do if the real estate purchase agreement is registered before May 21, 2024?

After the law “On Acquiring Real Estate Regarding Foreign Citizens” comes into effect on May 21, 2024, the following steps must be followed.

• Next steps after registration of the agreement
• Frequently Asked Questions

Next steps after registration of the agreement

If your property purchase agreement in Northern Cyprus is registered with the tax office and land registry before the new law comes into effect, i.e., before May 21, 2024, you need to submit an application for a purchase permit to the Council of Ministers within 6 months from the date of agreement registration.

Frequently Asked Questions

What to do after submitting the application for the permit?

Wait for the permit to be issued. While the permit is pending, or until it is denied by the Council of Ministers, you are in compliance with the law, and no further action is required.

What is this permit about?

The permit from the Council of Ministers for property purchase will be required for the transfer of ownership certificate to your name, i.e., for obtaining the title deed.

Who is authorized to conduct real estate transactions in Northern Cyprus?

Under the new law, only companies that are members of the Northern Cyprus Realtors Association are authorized to engage in real estate activities. Learn more about the law.

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