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TRCan I sell my property in Northern Cyprus?
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.
