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What are the procedures involved in buying property in North Cyprus ?

April 26, 2017buying involved north cyprus procedures Property

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What are the procedures involved in buying property in North Cyprus ?

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Once you have decided on the right North Cyprus property for you, we recommend the first action you take is to appoint a lawyer to check the title deeds of your chosen property. Once the deeds are confirmed the next step is to have a contract of sale drawn up, defining payment terms, any extras added to the standard plan and the proposed completion date. By issuing a power of attorney, the lawyer can act on your behalf after your return to the UK . The lawyer will apply for your permission to purchase. Upon completion, the lawyer will ensure all monies are paid to the vendor and the land registry (stamp duty currently at 3%).