Complete Closing Costs Calculation for North Cyprus Real Estate
Foreign buyers should budget 10% to 13% above the net property price to cover all legal, tax, and registration fees.
One-Off Closing Costs Schedule (2026)
| Fee Type | Rate / Amount | Payment Deadline |
|---|---|---|
| Stamp Duty | 0.5% of purchase price | Within 21 days of signing |
| VAT (KDV) | 5% (new builds only) | At property handover |
| Title Transfer Fee | 3% (first property) or 6% | At final title transfer |
| Legal / Lawyer Fees | 1% – 1.5% (~£1,500) | At contract signing |
Annual Maintenance & Taxes
- Annual Municipal Tax: Approx. £1–£3 per square metre per year.
- Communal Site Fee (Aidat): £50–£150/month depending on resort amenities.
