North Cyprus Title Deeds
It is always important when investing in North Cyprus property– as anywhere – to get the property title deeds. The current situation between North Cyprus and south Cyprus means that many people are confused over this issue. The events of 1974 divided the island, and hence this year is vitally important in deciding property ownership. Here is a quick guide to current North Cyprus property title deeds, to help you secure the North Cyprus property of your dreams.
The only title you will need
The only North Cyprus property title that you should consider, and indeed the only property title you should be offered, is a Turkish Republic of Northern Cyprus (TRNC) freehold. This title comes in four formats.
- Pre 1974 Turkish Freehold Title
This is the title for land or property owned by a Turkish Cypriot before 1974.
- Pre 1974 Foreign Freehold Title
This is the title for land or property owned by a foreign national (i.e. non Turkish Cypriot) before 1974. These titles are recognised internationally.
- TRNC Exchange Title
This is the title for land or property given to a Turkish Cypriot in exchange for land and property they owned in south Cyprus before 1974, and which they were forced to leave behind on moving to the North. The government assessed the value of both land and goods left behind, and allocated the land or property in the North, in exchange for the waiving of the rights to their land in the south. The original pre-1974 owner of the land or property would have been Greek Cypriot. This is also known as the Esdeger (pronounced Esh-day-air).
- TRNC TMD Title
This is the title for land given to Turkish Cypriots for military or government service, or to Turkish settlers to encourage economic growth in certain parts of the North, after 1974. As with the Esdeger, the original pre-1974 owner of the land or property would have been Greek Cypriot, who abandoned the land or property after 1974.
Which Turkish Republic of Northern Cyprus Title Deed to consider
It is considered safe to purchase any North Cyprus property or land, which has any of the above title deeds. However, as with all Northern Cyprus property purchases, whether for enjoyment or investment, you should always employ an independent solicitor to check that the deeds are indeed legal and above board.
North Cyprus Estate Agents and Title Deeds
Most North Cyprus estate agents will only deal in properties that carry one of the four types of deed.