Selling a property in TRNC can be a remarkably simple process. You can sell your property with or without having received the title deed(s) in your name. Having the title deed on your name makes the selling process easier and might result in a slightly higher price.

In the case of many new builts this will not be the case. In these cases sales are usually conducted by deregistering the previous contract and simultaneously registering the sales contract with the new buyer.

Also investors that flip their properties after - ideally - three years (to maximize capital gains) do often not register their sales contracts at the land registry. This however bears certain risks for the investor respectively buyer but lead in the past to lower costs.

Our property experts will advise you in deatil for a tax optimized (keywords: DTT - Double Tax Treaties, Property Commission and Trust Regulation) hassle free and profitable resale of your property in Northern Cyprus!

Please contact us if you want to sell your property.

Capital Gains Tax is not payable if you sell the property before taking the title deed by doing an assignment of contract.

This approach allows for the transfer of ownership rights without the formal transfer of the title deed, which can circumvent the need to pay capital gains tax under specific conditions. It is advisable to consult with an expert in Northern Cyprus to understand the detailed implications and ensure compliance with local laws and regulations.

• Work with a licensed real estate ageny or property investment consultancy for a property valuation under current market conditions.
• Consider - as in some cases this will reduce your travel requirements - giving a power of attorney as per Northern Cyprus regulations.
• Prepare your property for sale (Conduct any required maintenance work and paintings; Have the property cleaned; Pay any outstanding utility bills and property taxes).
• Choose your price strategy or better - as this usually leads to a more professional and realistic approach - let your real estate agent help you with setting up the correct pricing.
• Receive and accept offer(s), establishing price and payment conditions.
• Collect a 10 % (negotiable) non-refundable deposit, initiating the drafting of the sales contract.
• Finalize the sales contract with your lawyer respectively your real estate agency.
• Let your agent or lawyer handle the tax clearance and complete the sale at the land registry for you.
• Receive your money to your bank account (the safest way), in cash or in crypto currency.