What a purchase really costs
Advertised figures are the developer's number. Put in an asking price and this shows the figure you will actually pay, item by item.
Total you actually pay
—
Purchase costs on top: — (—)
| Title transfer fee — 12% | — |
| VAT (KDV) — 5% | — |
| Stamp duty — 0.5% | — |
| Transformer / infrastructure | — |
| Independent lawyer | — |
Why the gap is so large
Until 2025 the title transfer fee for foreign buyers was 3–6%. Law 19/2025 standardised it at 12%, and that single change is why the all-in cost now lands near 18–19% of the asking price rather than 10%.
Half the transfer fee falls due when the contract is registered, half at final transfer of the koçan — which, given the Council of Ministers permit takes around ten months, can be two separate budgeting events a year or more apart.
Common questions
How much are buying costs in North Cyprus?
Roughly 18–19% on top of the asking price for a new build: 12% title transfer fee, 5% VAT, 0.5% stamp duty, £1,500–3,000 transformer contribution and around £1,500 for an independent lawyer.
Is VAT payable on a resale?
Not on a genuine private resale where VAT was already paid on the first sale. It is payable on new builds and where the seller acts professionally.
When do I pay the transfer fee?
Half at registration of the contract, half at the final transfer of the title deed.
Want this checked against a real unit?
Send the project and unit type — we will run the numbers on the actual price list and the developer's payment plan.