After Property Purchase Expenses in North Cyprus

Expenses when buying property

  1. Legal fees including lawyer’s fee is 1,000 to 1,350 pounds
  2. Contract registration fee = 0.5% of the price indicated in the contract
  3. When you receive your keys, you will pay VAT = 5% of the price indicated in the contract
  4. After obtaining the permission to buy of your property (6-12 months), you will pay tax of property purchasing (known as title transfer tax) = 3% of their price indicated in the contract
  5. when you buy a new property, you will pay for connection of water and electricity. It can cost from 1500 to 2500 pounds.

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