The Solicitor fee is around £1000. The appointed solicitor will apply for the purchase permit from the council of ministers. This can take 4-5 months and maybe longer if they have a back log.
A permit will always be issued if you are buying a property in Northern Cyprus which is legally allowed to be sold to you.
Once the purchase permit is recieved the remaining balance of the property will be due from the purchaser – often the remaining balance minus 5-10 % will be due before the period if the property is complete before the permit is granted.
The remaining 5-10% will be held back for the purcahasers own security.
The purchaser pays the outstanding balance and the vendor signs the title deeds over to the purchaser to complete the sale. The purchase permit application costs between £ 750 and £ 1,500.
15% VAT: VAT is paid when you get the title of your property in North Cyprus into your name.
6% tax which is due to be paid to the Registry Office (stamp duty).Tax is also paid when you get the title of your TRNC property into your name.
Water & electricity connection fee is around £500.
In Northern Cyprus, electricity supply is 220-240 volts with a frequency of 50 Hertz. With both new and resale properties you will need to go to the local TRNC electricity board office and complete a contract and pay for connection and supply. Electricity costs in North Cyprus are similar to other European countries and you pay monthly or arrange to pay in advance. There are frequent power cuts and some people choose to buy diesel or petrol generators to cope with the problem. The electricity costs 0.106 New Turkish Lira per KW which is the equivalent of 4 pence per KW. (approx. £ 15 monthly per house).
Shutters can keep the house cooler in the hot Cyprus summer and also a little warmer during the winter. A shutter can allow a breeze through whilst keeping out direct sunshine.
Fly screens can keep out insects whilst allowing you to open your windows to allow air circulation.
Shutters cost between 1500 and 3000 pounds for an average 3 bed North Cyprus villa. Fly screens cost much less at well under 1000 pounds.