|
Q: |
How much would I pay for legal
fees? |
|
A: |
The
average cost of legal fees is
approximately £1,250, this covers
drawing of contracts and management
of your purchase permit application. |
|
|
|
Q: |
How long does the purchasing
process take? |
|
A: |
Approximately 12-16 months purely
due to the lengthy checks that
are conducted by the various
government departments, throughout
the purchase permit process. |
|
|
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Q: |
Do we need a residency permit
to live in the TRNC? |
|
A: |
Yes,
you have to apply for a seperate
residency permit after you have
been on the island for three
Months. As a company, we reccommend
a representative, to guide you
through the application, there
is a charge for this, but other
clients have said that it is
the best money that they have
spent! |
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|
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Q: |
Can we drive on a UK license
in the TRNC? |
|
A: |
Yes
you may, but only for 3 months,
after that you can only drive
with a TRNC license. Once you
have been issued with your residency
permit a local license can be
administered within days. |
|
|
|
Q: |
Is the cost of living cheap
in Northern Cyprus? |
|
A: |
Extremely,
this is possibly the cheapest
place to live of all the Mediterranean
destinations. They say its cheaper
to eat out here as a couple
than to cook at home. |
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Q: |
How easy is it to bring our
belongings to Northern Cyprus? |
|
A: |
There
are several container companies
that provide this service and
it is always wise to obtain
several quotations. We can also
assist in clearing your goods
through customs. |
|
|
|
Q: |
How long is a usual build time? |
|
A: |
If
you were buying off plan the
build time would take 12-14
Months. |
|
|
|
Q: |
What is a donum of land? |
|
A: |
A
donum of land is 1,338m2 = 1/3
of an acre. |
|
|
|
Q: |
Are
there any more charges, other
than the purchase price?
|
|
A: |
The extra monies due will be:
Land Registry Transfer Fee
–
6% (however, every purchaser
has a once in a lifetime option
to reduce this fee from 6% to
3%. At the time of transfer,
they will ask you whether you
wish to use your option and
if you do, you will only pay
3%).
VAT
–
5%
Stamp Duty
1.5%
(if this has not already been
paid – see above) |
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|
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Q: |
If we were to add a swimming
pool, what would the cost be? |
|
A: |
A
4m x 8m swimming pool will cost
in the region of £14,000.00
depending on design. |
|
|
|
Q: |
Are mortgages available? |
|
A: |
More
and more finance is being made
available by the developers,
naturally this is only applicable
to their properties, however
we are working with two independent
Financial Advisors who can assess
your requirements and assist
in sourcing the most viable
options for you whether that
be Re-mortgaging, Equity release
scheme or other fund management,
thus allowing you to purchase
in safe financial knowledge |
|
|
|
Q: |
Can you transport pets from
the UK to N.Cyprus? |
|
A: |
Yes
it is possible. This needs to
be done through a vet in the
UK, who will advise you of the
requirements. |
|
|
|
Q: |
How much is pool maintenance? |
|
A: |
This
depends on the size of your
pool, it should be in the region
of £700.00 a year. |
|
|
|
Q: |
Who will look after my property
when I am not there? |
|
A: |
We
at Abbey Estates offer a Property
Management package at a small
fee of £35.00 per Month. Please
see our Property Management
section on the home page to
see what the package includes. |
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Q: |
Do they accept sterling in N.Cyprus? |
|
A: |
They
accept sterling in most places
here in N.Cyprus along with
debit and credit cards. |
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If
you have any further questions,
do please contact
us. |
