North Cyprus Property Title Deeds

North Cyprus Property Title Deeds

Northern Cyprus Freehold Titles and Leasehold

We sincerely believe you will not find a safer home or a home that represents better value for money any where in Northern Cyprus. You have my personal guarantee that you will be completely satisfied with all aspects of buying a NOKTA home.

Alfa Kaynakkan, Managing Director, Nokta Estates & Construction

As this country eases towards a settlement with the south of the island and a possible accession into the European Union, we examine the pros and cons of the freehold and leasehold property purchasing opportunities. The most crucial factor in buying property, whether it be land or a building, is to use an independent qualified lawyer in all cases for all contracts and Government applications.

The Title Deeds

There are three different types of Title Deed ("Kocan" in Turkish) available in Northern Cyprus:

Freehold Title (Foreign or Turkish)
TRNC Title (Esdeger or Tahsis)
Leasehold Title

FREEHOLD - FOREIGN TITLE

This is property owned by European residents, (eg. British, German, Dutch). The title deed is internationally recognised. There are a number of checks to be carried out by the Council of Ministers, which means the sale will take approximately 6-12 months to complete.

FREEHOLD - TURKISH TITLE

This is property Turkish Cypriots owned prior to 1974. Foreigners are limited to one d?n?m per person (husband and wife count as one person unless they have different surnames). There are a number of checks to be carried out by the Council of Ministers, which means the sale will take approx. 6-12 months to complete.

TRNC TITLE – ESDEGER

The property with TRNC Title Deed was previously Greek Cypriot owned prior to 1974 - before the war. Again there are a number of checks to be carried out by the Council of Ministers, which means the sale will take approx. 6-12 months to complete. When the Turkish Cypriot refugees came to the safety of the north after July 1974, they left all their possessions behind in the south. Accordingly, the Government then assessed on a points basis, the value of the refugee's forsaken assets in the south. With these points, the Turkish Cypriot refugee could take a relinquished Greek Cypriot house or land in compensation for his lost properties.

TRNC TITLE - TAHSIS (TMD)

Again, the property with TRNC Title Deed was previously Greek Cypriot owned prior to 1974 - before the war. And, there are a number of checks to be carried out by the Council of Ministers, which means the sale will take approx. 6-12 months to complete. This type of land was given to the families from Turkey as compensation for the lives of the soldiers who died while trying to save the lives of the turkish Cypriots.

LEASEHOLD TITLE

The Government owns this property. Long-term leases are granted for 49yrs. You can apply directly or via a solicitor to the Ministry of Tourism to transfer the lease.

PLEASE TALK TO NOKTA – PROBABLY THE MOST TRUSTED BUILDER IN NORTH CYPRUS. ALL HOUSES BUILT ON NOKTA LAND ARE SOLD WITH GOOD TITLE AND TRANSFER OF OWNERSHIP WITHOUT PROBLEM IS OUR GUARANTEE.