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EQUITYPLUS
PROPERTY SERVICES

FREQUENTLY ASKED QUESTIONS

Q.

How big is a donum of land?

 

A.

A third of an acre or 1,338m². Land measurements are generally calculated in donums, evleks and square feet. There are 4 evleks to the donum and 3,600 square feet to an Evlek – easy really.

 

Q.

What is the most expensive/exclusive area?

 

A.

They are all superb with differing advantages, whether it is height or proximity to the sea! You choose!

 

Q.

How do we know when our payments are due and how do we make payments to the builder/vendor?

 

A.

The builder will notify us in writing when a stage of construction has been reached and we will inform you together with details of how to transfer the funds over for passing onto the development company.

 

Q.

Who will take pictures of my house while it is being constructed?

 

A.

After you have agreed to purchase you are not on your own. Our After Sales Team will be photographing your house while the construction is under way. Whilst we cannot guarantee the regularity, we will endeavour to take pictures at as many intervals as possible.

 

Q.

Who will look after my house and pay my bills while I am away from the island?

 

A.

When you are away we can offer you the services of Equity plus Property Services, a company set up specifically to look after peoples’ property in their absence. Our aim is to look after your home like it was our own!

 

Q.

Can I buy a property in North Cyprus from overseas?

 

A.

We have many overseas buyers who due to their busy programme are unable to visit in the first instance but do not want to miss out. If you do want to buy remotely this is a very easy process and we will be happy to guide you through this every step of the way.

 

Q.

Do we need to make a Will?

 

A.

You must have a Will based here in Northern Cyprus as a UK will not be accepted here. This can be done on completion of your property.

 

Q.

Can we use our own UK solicitor?

 

A.

No. You must use a solicitor based here in Northern Cyprus. You can use a solicitor of your choice, however, we do have solicitors we would be happy to introduce you to.

 

Q.

Will I need permission to live in Northern Cyprus, and if so how do I apply for this?

 

A.

Yes you are required to submit an application to apply for residency in North Cyprus. This is generally a formality but is essential for peace of mind. When you arrive on the island you are automatically given a 90 day visa and if you intend staying beyond that date you must apply to the immigration office for a temporary residency permit. The process can last up to 3 months and will involve some travelling between offices but worth it in the end. Should you like a little help with this process, we would be more than happy to introduce you to the ‘man that can’! For a small fee, he will accompany you to all the relevant offices and guide you through the whole process.

 

Q.

What are the costs involved, when purchasing a property in Northern Cyprus?

 

A.

Solicitors fees: Including; drawing up of contract, Power of Attorney, purchase permit application and seeing the sale through to completion = £1000. Stamp duty: 6% of the valuation levied by the Land Registry Office and 1% of the stamp duty charge, paid to the local Council. You will have the option to be exempt from 3% of the 6% stamp duty on any one purchase. VAT is payable on some new build properties only.

 

Q.

How much is the V.A.T.?

 

A.

On most new build properties there is a 5% V.A.T charge on them payable at time of transfer of title.

 
 
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