Costs & Taxes
when Buying Real Estate in North Cyprus
When purchasing real estate in North Cyprus, additional government taxes and fees apply alongside the agreed purchase price. The following overview outlines the currently applicable rates.
Individual circumstances may influence the final calculation.
Stamp Duty
Stamp Duty is a mandatory government tax payable upon signing the Contract of Sale.
∙ Rate: 0.5% of the declared purchase price
∙ Payment deadline: Prior to registration of the contract at the Land Registry
∙ Registration provides legal protection by securing the buyer’s contractual rights.
Value Added Tax (VAT / KDV)
VAT, known in North Cyprus as KDV, may apply depending on the type of real estate and the structure of the transaction.
New Buildings & Projects:
Rate: Generally 5% VAT
Note: Higher rates may apply depending on property size, classification or specific tax regulations
Resale Properties:
VAT is typically already paid by the first owner and does not apply again
In certain cases or transaction structures, VAT may still become applicable
All VAT information is based on the currently applicable rates. Individual cases or legal changes may apply.
Legal Fees
Buyers typically appoint a solicitor to handle the legal process.
Legal fees are generally in the range of approximately £1,250 to £1,400, depending on the complexity of the transaction and the individual solicitor.
Additional disbursements and administrative costs may apply.
Additional Costs
In addition to the main taxes and legal fees, further costs may arise depending on the specific property and transaction structure.
These may include:
∙ Administrative or registration-related government charges
∙ Trafo Fee (electricity transformer infrastructure contribution in new developments)
∙ Utility connection fees (electricity, water, sewage), particularly in new projects
∙ Bank transfer or currency exchange costs
The applicability of these costs depends on the individual property and contractual arrangements.
Transfer Fees
Transfer fees are a mandatory government charge payable upon the transfer of the Title Deed at the Land Registry.
The applicable rate depends on the buyer’s nationality and the number of previous property purchases.
As of the currently applicable rates (2025):
∙ Non-Turkish citizens: 9%
∙ Turkish citizens: 6% (first purchase), 8% (second), 9% (third and subsequent)
∙ TRNC citizens: 6%
All information is based on the currently applicable rates. Individual circumstances or legal changes may apply.
Important Note
All information provided on this page reflects the current legal and tax framework in North Cyprus at the time of publication. Rates, regulations and administrative practices may change, and individual circumstances can influence the final calculation of purchase-related costs.
Some cost components may already be specified within the respective property listing. A detailed breakdown of all applicable costs is typically discussed during the individual consultation process and depends on the specific property and transaction structure.
In North Cyprus, it is customary that the buyer does not pay a brokerage commission, unless otherwise agreed.