:: TMD or Tahsis - Buying Property In Northern Cyprus

(Kesin Tasarruf Belgesi - Absolute Possession Document)

This is property previously owned by a Greek Cypriot prior to 1974 and abandoned by its owner. The land was re-possessed by the TRNC government and has been granted to Turks or Turkish Cypriots normally in recognition for services and on a points basis. With sufficient points, the occupier is allowed to purchase the title, without which no sale can be made. In the future, it is likely that compensation on the value of the land may have to be paid. This potential liability can be viewed as insignificant when measured against the rise in property prices that is taking place in the next few years. It is estimated that house prices will double or even treble in the next 3 years until reaching parity with equivalent property in the south.