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The Land Registry maintains records of all land
transfers in the same way as in the UK. The TRNC government issues the titles
in the form of Title Deeds ("Kocan" in Turkish) as either Freehold or Leasehold
and draws no distinction between the freehold titles of properties. However,
buyers should be aware of the history of the title they are buying.
Foreigners are limited to owning one donum (approx 1/3 acre) per person
(husband and wife count as one person). There are a number of checks carried
out by the Council of Ministers following an application to purchase, which can
take approx 12-18 months to complete.
There is also Land or Property, which belonged to a Greek Cypriot prior to 1974
for which no title deeds have been issued. These are sometimes offered for
relatively nominal "goodwill" sums. It is our opinion that agreements should
not be entered into for property that does not have a title deed issued by the
relevant authority.
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