Taxes and fees\n\nBudget approximately **6–10% of the property price** for one-off purchase costs.\n\n- **VAT (KDV)**, usually 5% on new-build purchases.\n- **Stamp duty**, 0.5% of contract value.\n- **Transfer fee**, 3% (first-time foreign buyer discount reduces this).\n- **Permission to Purchase fee**, nominal.\n- **Legal fees**, typically £1,500–£2,500.\n\nOngoing costs include annual property tax (very low), community fees for managed developments, and utilities.
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Related guides in North Cyprus
This guide covers North Cyprus only, rules, taxes and deed types differ in every country we operate in. Title classes in North Cyprus differ from those in the Republic of Cyprus. Always take independent legal advice before reserving.