Buying Guide · Financial Tool
North Cyprus Cost of Ownership Calculator
Enter your property details below for a full breakdown of one-off purchase costs and annual running costs — plus a 5-year total cost of ownership projection.
Property Details
Purchase price
The agreed purchase price in British pounds sterling
£
Property type
Determines whether VAT (KDV) is applicable
Resale
New Build
Off-Plan
First-time buyer in North Cyprus?
Affects stamp duty rate and title deed transfer fee
Yes
No
One-Off Purchase Costs
Stamp duty
0.5% for first-time buyers; 3% thereafter. Paid at point of signing the sales contract.
%
VAT (KDV)
5% on new builds and off-plan purchases only. Not applicable on resale properties.
%
Title deed transfer fee
9% of purchase price. Paid when the title deed is transferred into your name.
%
Legal fees
Typically £1,500–£2,500 for a standard purchase. Adjust to your solicitor’s quote.
£
Transformer / utility connection fees
One-off charges for electricity, water, and telecoms connections. Typically £1,500–£3,500.
£
Annual Running Costs
Property tax (Emlak Vergisi)
Very low in North Cyprus. Typically the equivalent of £100–£300/year depending on property size.
£
Building insurance
Typically £200–£600/year depending on property size and rebuild value.
£
Contents insurance
Optional but recommended. Typically £150–£400/year for a furnished property.
£
Management / maintenance fee
Complex service charges, pool maintenance, garden upkeep etc. Typically £500–£3,000/year.
£
Utility standing charges
Electricity, water, and internet standing charges when the property is vacant. Typically £400–£800/year.
£
Figures are estimates for guidance only. Rates are correct to early 2025 and subject to change.
Always confirm exact figures with your solicitor and accountant before exchange.
Want to talk through these numbers? Our team can connect you with trusted local solicitors and accountants who will give you precise figures for your specific property.
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