Recently, we have been getting a lot of questions about buying real estate in Northern Cyprus, as prices there are much more pleasant than in the more expensive Turkey. Everyone is tormented by two questions: will the property be taken away, and what kind of property documents are issued when buying?
Who knows the answers to these questions better than anyone? That’s right, a good lawyer. We provide fresh and up-to-date information from Mr. Lake Tuncay, founder of the Tuncay&Barcin Law Office law firm. By the way, they have opened their office in Northern Cyprus and now advise and provide legal services in this area.
Can real estate be taken away from a foreigner? Is it safe to buy a property?
Such questions arise due to the fact that Northern Cyprus is considered an unrecognized state. These doubts are in vain:
What is a Cabbage? What are they like? Which is the safest one?
A head (Title) is a document confirming the ownership of real estate. All types of Cabbage look the same, they are divided into 3 types:
But, I want to remind you that after 2010, all three types of Cabbage can easily be classified as SAFE. As I indicated earlier, in the event of a dispute, the State of Northern Cyprus or the Turkish Republic will pay compensation.
As in the Turkish TAPU, the Head does not indicate the presence of encumbrances or mortgages, so I always recommend checking the property before buying through government agencies.
Also, in order to know all the nuances related to the transaction or further registration of a residence permit, be sure to consult with a qualified lawyer.
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