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cyprussun_estate
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New Rules for Foreign Ownership of Real Estate in Northern Cyprus 2025
On May 16, 2025, amendments were made to Law 39/2024 regarding the acquisition and rental of real estate by foreigners. Here are the main points:

Land Parcels: Foreigners, regardless of nationality, can still purchase parcels of land up to 1338 m². Only one house can be built on a single parcel.

Apartments: Foreigners can acquire up to 3 apartments, while Turkish citizens can purchase up to 6 apartments.

Detached Houses: The area of the plot cannot exceed 3300 m², and no second house or apartment can be built on it.

Villas in Complexes: Foreigners can buy 2 two-story villas, while Turkish citizens can buy 3 villas.

Choice of Property: Foreigners can choose only one of the following options: a land parcel, apartments, or a detached house/villas in a complex.

Title Transfer: The title must be transferred to the buyer within 1 year after obtaining permission from the Council of Ministers. Taxes and fees must be paid within 75 days. Without tax payment, electricity and water will not be connected. If the property was purchased in installments, the deadline starts from the date of the final payment. If the seller does not transfer ownership despite the buyer having no debts, they must compensate the buyer for any resulting damages.

Registration: If the property was purchased before May 21, 2024, the sales contract must be registered in the Land Registry within 6 months after the changes take effect.

Usage Certificate: If foreigners acquire more than the permitted limit, a 10-year usage certificate can be obtained for excess property, but only for residential spaces. The ownership of the land remains with the seller.

Taxes: For foreign citizens, the tax on the transfer of ownership is 9% for each property. Different rates apply to Turkish citizens.
These changes significantly expand the rights of foreign citizens in the real estate sector in Northern Cyprus
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Cyprussun_estate
21 April
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New Legislation on Real Estate and Foreigners in TRNC/Northern Cyprus (April 2025)
On April 3, 2025, law number Yasa Gücünde Kararname was published in official gazette No. 69, regulating existing real estate sale contracts that exceed limits for foreign citizens (more than one property per foreigner). This legislation applies to both individuals and legal entities, as well as cases with unregistered contracts.
The primary reason for the adoption of this law was the significant amount of real estate acquired by foreigners without the permission of the Council of Ministers of TRNC. In such transactions, the transfer of ownership with title acquisition is impossible, leading to losses for the state in terms of tax and fee revenues. The goal of the new legislation is to legalize such situations through a temporary right of use mechanism.
A new document, Kullanım Belgesi, is being introduced, which confirms the right to use the property for a period of 7 years in the absence of ownership rights.
To obtain the Kullanım Belgesi, the transaction must be concluded before the law comes into effect. The process includes an online application on the Ministry of Interior's website, along with a certificate of no criminal record for buyer verification. After receiving approval from the Ministry of Interior, the buyer must pay state fees—stamp duty and 6% of the property's assessed value. Upon completion of all procedures, the Land Registry will issue the Kullanım Belgesi.
With the Kullanım Belgesi, it is possible to reside, rent, and sell the property to third parties. However, the transfer of the Kullanım Belgesi itself, bequeathing the property, or establishing ownership rights (obtaining a title) is prohibited.
Additionally, this document is not issued for properties located in military zones or areas restricted for foreigners.
The validity period of the Kullanım Belgesi (Certificate of use)is 7 years, after which the holder of the temporary permit has an additional 2 years to sell the property that has been granted temporary use to third parties.
Peyman Erginel update
https://www.erginellaw.com/trnc-propert ... al-update/
https://ww2.kibrispostasi.com/c140-DAIL ... apartments.