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1 $ 1.5190 TL
1 € 2.0896 TL
Selling Property in North Cyprus
Why sell properties with Nokta Estates and Construction?
Nokta Estates and Construction are Northern Cyprus no.1 property sales specialists and our company objective is to market to our best ability. We have helped hundreds of happy clients to sell their North Cyprus properties. It is an extremely easy process, once we have found a purchaser the vendor will receive a £1,000 deposit and the rest of the funds upon signing of contracts.
Preparing a Property Sale in North Cyprus
It is important to keep your property for sale presentable and in good condition. The initial first impression of your property is important to prospective buyers and so if you are selling an older property in Northern Cyprus then an external re-paint can certainly increase the number of enquiries into your home. If you have a garden, it is advisable to have it cleared at regular intervals as untended land in North Cyprus quickly becomes overgrown.
Property Taxes in North Cyprus
There are no Government restrictions on selling your property in North Cyprus and all people, whether they are North Cyprus citizens or foreign nationals, are entitled to sell one property or up to one Donum (1338m2 = 14400 sq ft) each in North Cyprus absolutely tax free. Thereafter the standard rate of capital gains tax is 3.5% of the contract price. If you wish to, you can ‘carry over’ this tax exemption to another property at a later date if you are planning on buying and selling more than one property in Northern Cyprus.
If an individual sells (i.e. transfers the title deeds for) more than 3 properties in a single year then that person becomes liable to pay professional home seller tax for all properties thereafter at a rate of 6.25% of the contract price. Only after a period of 3 years of not selling any properties can that persons Northern Cyprus property tax revert to the standard 3.5%.
