What are the title deed types in Northern Cyprus and the differences between them?

TITLE DEED – TITLE DEED TYPES TURKISH TITLE DEED – EQUIVALENT TITLE DEED - ALLOTMENT TITLE DEED – TURKISH TITLE DEED: It is the type of title deed for residences and workplaces owned by Turkish Cypriots and foreign nationals before 1974. EQUIVALENT COB: The Turkish Cypriots, who had to leave their real estate in Southern Cyprus and migrate to Northern Cyprus in 1974, were given equivalent real estates by the Northern Cyprus state in return for the real estate they left in the Greek side. Turkish Cypriots, who bought equivalent real estates, signed flat documents that they renounced their lands in the Greek part, and received the titles of their real estate from the Northern Cyprus state. Real estates with equivalent titles are considered safe and all kinds of purchases/sales can be made. And All Banks Can Take Mortgage and Credit. ALLOTMENT TITLE DEED: These are the titles of real estates given to those who came from Turkey after 1974 to settle in the country and continue their lives. These titles are under the guarantee of the Northern Cyprus state and their owners have all property rights on the real estates.

What is Title Deed Fee and Who Pays?

Title Deed Fee: Housing, workplace, land, field, land, etc. It is a fee calculated as 4% of the sales price declared in the title deed for all real estates sold. Who Pays the Title Deed Fee: According to the decision of the Council of Ministers, 20 (2%) of the real estate is taken separately from the seller and the buyer.

Can I buy real estate before I come to Northern Cyprus?

Yes. It can be obtained with a power of attorney issued in accordance with the legislation of the TRNC.