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Buying guide
Choosing a property
If you buy from Öz-En, we guide you through the whole process. Start with one question: what is the home for? If you will live here, think about schools and daily life. If it is an investment, think about who will rent it.
- (01)Location
Pick the area before you start looking. It narrows hundreds of options to a handful and saves time and money.
- (02)Budget
Be realistic about the deposit you can put down and what you are comfortable paying overall.
- (03)Type
Flat, penthouse or villa, with the number of bedrooms and the setting you actually need.
- (04)Timing
Homes bought during construction usually cost less, come with longer payment plans, and let you choose finishes like floors, worktops and cabinets.
How buying works
The price and payment terms are agreed first. A nearly finished home costs more; a home under construction costs less.
Once the sales contract is signed, foreign buyers apply to the TRNC Council of Ministers for a purchase permit. When it is granted, the buyer can register with the Land Registry Office as the legal owner and completes the title registration forms. Taxes are calculated on the Land Registry’s valuation of the property.
The purchase is complete when all taxes are paid and the title deed is registered in your name.
Purchase costs
Plan for these on top of the price of the home:
Infrastructure contributions vary from project to project. Rates change, so ask our office or your lawyer for the current figures before you sign.
Title deeds
There are three kinds of title deed in North Cyprus. All three are guaranteed by the TRNC state and give the owner full ownership rights.
Turkish title
Land owned by Turkish Cypriots or foreign nationals before 1974.
Exchange (eşdeğer) title
Land owned by Greek Cypriots before 1974 and given to Turkish Cypriots in exchange for equivalent land they left in the south.
Allocation (tahsis) title
Land allocated by the state after 1974 to TRNC citizens and settlers from Turkey.
Questions
Which currency is used in North Cyprus?
The Turkish lira (TL) is the official currency. Property prices and payments are often agreed in pounds sterling or euros as well.
What is the official language?
Turkish. English is widely spoken, and government offices accept correspondence in English.
How do I get to North Cyprus?
By air to Ercan Airport, usually via Turkey, or via Larnaca Airport in the south of the island. Ferries run from Turkey to the ports of Kyrenia and Famagusta.
What is the weather like?
A Mediterranean climate: hot, dry summers from mid-May to mid-October and mild, rainy winters.
How do I start buying a home from Öz-En?
Call us on +90 392 815 19 18 or email info@ozeninsaat.pro to arrange a viewing. We will explain the projects, prices and payment plans, and guide you through each step.
How is the sales contract prepared?
Once you decide, we move to the contract. Contracts are prepared between the parties and through lawyers in English, Turkish or Russian. If you cannot be here, you can give your lawyer power of attorney to complete the steps on your behalf with your approval.
How can foreign nationals buy property?
After the sales contract is signed, foreign buyers need a purchase permit from the TRNC Council of Ministers before the title can be transferred. This usually takes three to six months.
Which banks can I use?
International, Turkish and local Turkish Cypriot banks all operate in North Cyprus, and transferring money in from abroad is routine.
Will you help me furnish my home?
Yes. We can present ready-made furniture and white-goods packages with prices. Buyers who prefer to choose their own are offered a one-day shopping tour when they take delivery of their home.