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What are the costs involved when purchasing a property in North Cyprus?

April 26, 2017costs involved north cyprus Property purchasing

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What are the costs involved when purchasing a property in North Cyprus?

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– Solicitors fees: including drawing up of contract, Power of Attorney, Purchase permit applications and seeing the sale through to completion = 1,000.Stamp Duty = 6% of the valuation levied by the Land Registry Office and 1% of the stamp duty charge is paid to the Local Council. You will have the option to be exempt from 3% of the 6% stamp duty on any one purchase. 5% VAT is payable on some new build properties.