Buying in Kyrenia as a foreigner?
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Buying property in Kyrenia as a foreign buyer is straightforward — but the legal and tax landscape requires careful preparation. This guide covers the full process, all buying costs, and the key legal considerations for 2026.
Kyrenia has a MERI score of 0/10, indicating moderate market fundamentals. With buying costs of approximately 6–10% and a proven international buyer market,Kyrenia remains one of the more accessible entry points for foreign real estate investment in Cyprus.
Can foreigners buy property in Kyrenia?
✓ Yes — foreign buyers can purchase property in Kyrenia
Foreign nationals can purchase property in North Cyprus. EU citizens may buy freely. Non-EU buyers require Permission to Purchase (PTP) from the Council of Ministers — typically granted within 3–6 months. You can complete the purchase and move in while waiting.
Step-by-step buying process in Kyrenia
Timeline: 3–9 months depending on PTP requirement. EU citizens can complete in 2–3 months.
Choose property & agree price
Work with a registered estate agent. Request a written offer with all terms specified.
Instruct a lawyer
Essential — North Cyprus property law is complex and title deed types vary significantly.
Sign purchase contract
Pay deposit (typically 10–30%). Register the contract at the Land Registry to protect your purchase.
Permission to Purchase (non-EU)
Non-EU buyers apply for PTP. Takes 3–6 months but rarely refused. Purchase can proceed during this period.
Complete payment
Pay remaining balance according to the agreed schedule.
Title deed transfer
Once PTP is granted, title deed is transferred. EU citizens: transfer is immediate upon completion.
Taxes and buying costs in Kyrenia
Total additional costs: 6–10% above purchase price
Paid within 21 days of signing contract.
On new builds. Resales are typically VAT-exempt.
Scale based on purchase price.
One-time fee on new builds for connecting electricity, water and utilities to the property.
Non-negotiable for a foreign buyer.
Varies by property type.
Legal note
In North Cyprus, the Koçan is the official title deed — the document proving property ownership. Koçan type matters significantly: a full Turkish Cypriot Koçan is the most secure. Some properties are sold with exchange title deeds (from pre-1974 Greek Cypriot owners) which carry legal and political risk. Always have your lawyer confirm the Koçan type before committing to any purchase.