Панель управления
Language: ru en
Currency:
Call Me Back
Property in North Cyprus
Choose your dream house
Sale Rent
Sale Rent

Title deed tax is to be reduced


Title deed tax is to be reduced

MPs of Northern Cyprus approved short-term discount for title deed tax.

On Monday, members of parliament of TRNC voted for the new bill of the Land Registration and Cadaster Authority. The law will come into force after president of North Cyprus, Dervis Eroglu, stamps it and the Official Gazette will publish it.
First-time buyers of the new property in Northern Cyprus will pay only 1% instead off 3% when receiving title deeds. The tax for the resale property is remaining unchanged with 3% for the first-time buyers. The new bill will also allow foreign nationals to purchase up to three properties in Northern Cyprus, instead of one.

1675
23.03.2014

Share on social networks:

Other news


05.02.2025

Decline in the Northern Cyprus Real Estate Market: Challenges and Future Prospects

The real estate market in Northern Cyprus is experiencing a decline in activity: the number of new projects is decreasing, and some have been completely frozen. According to data obtained from reliable sources, several contractors are facing difficulties in paying employees' wages, leading to mass layoffs in the construction sector.
03.02.2025

TRNC Minister of Public Works and Transport Erhan Arıklı Responds to "Palestinization of Cyprus" Claims

The idea of the "Palestinization" of Cyprus (derived from the word "Palestine") is used in a propagandistic context, implying that the situation in Northern Cyprus is allegedly following the scenario of Palestine. This expression suggests that foreigners (in this case, Israelis) are massively purchasing land and real estate, which could lead to changes in the region's demographic composition and the weakening of the local population's position.
25.01.2025

FOREIGN WORKERS IN THE TRNC NOW REQUIRED TO KNOW TURKISH

A new "Vocational Training Cooperation Protocol" has been introduced in Northern Cyprus, jointly developed by the Ministry of Labor and Social Security and the Ministry of National Education. The protocol establishes new criteria for the qualifications, skills, and experience required of foreign workers entering the TRNC. One of the key changes is that foreign workers will now be required to present an A2-level Turkish language proficiency certificate.
22.01.2025

The TRNC Council of Ministers Approves Amendments to Residence Permit and Visa Regulations: What You Need to Know

On January 21, 2025, the Council of Ministers of the Turkish Republic of Northern Cyprus (TRNC) approved significant amendments to the Regulation on Residence Permits and Visas. These changes will have a substantial impact on the process of obtaining and renewing residence permits for foreigners residing in Northern Cyprus.