Before the title deeds to the property can be registered in your name, you will need to obtain what is called Permission to Purchase (often written as P2P in shorthand) from the TRNC Council of Ministers. (It is rare for this to be denied – the only situation is usually if the prospective buyer has a police record in their country of origin. This process is a positive one as it protects other TRNC residents by excluding those with a criminal history). The timescale for obtaining this is currently around 6- 9 months, during which period your ownership is fully protected by the Registration of your contract of sale at the land registry, which must be carried out by your legal representative within 2 weeks of the contract being signed. If a clause is inserted into the contract, it is possible to resell your property before taking title – this is a feature which many investors take advantage of.
- Catalkoy, Kyrenia
- +44 207 112 8086 / +90 548 861 0600
- Mon - Sat: 10:00 - 18:00