Property Sellers (Vendor) Guide

Everything You Need to Know to Sell Your Villa or Apartment with Confidence

Selling a property in North Cyprus can be a rewarding experience—especially in today’s active market. Whether you’re planning to move on, reinvest, or simply release equity, this guide is designed to walk you through each step of the process, ensuring you achieve the best possible price for your home.

Why Choose NC Property?

At NC Property, we primarily work with property developers — but through our seasoned and trusted partners, we also offer FREE, no-obligation property valuations for private sellers. If you’re considering selling your villa or apartment, working with the right agency is more important than ever. While many focus solely on commission percentages, what truly drives a successful sale is:

• Proven market experience
• Professional, multilingual sales team
• Global reach and targeted digital marketing
• Legal and procedural support throughout the transaction

With over 12 years’ experience, offices in both the UK and Northern Cyprus, and a high-traffic, internationally ranked website, NC Property offers you a premium level of service and exposure.

What Kind of Properties Does NC Property Sell?

NC Property specialises in the resale of key-ready villas and apartments located in prime areas of North Kyrenia Coast, including:

• Karakum to Kayalar (West)
• Catalkoy, Esentepe, and Tatlisu (East)
• Bafra Resort Zone (Northeast)

📌 Please note:
Due to the May 2024 regulatory changes, we are only able to market properties with issued title deeds already in the seller’s name. If your property is new build (off-plan, under construction, or recently completed) and the deed is still with the developer, you must obtain the title before we can proceed with a sale.

Can I Get a FREE Property Valuation?

Absolutely. If you’re serious about selling, an NC Property expert will visit your home to assess its value—completely free and without obligation. Your valuation will consider:

• Location
• Type and age of the property
• Condition and features (e.g. pool, views)
• Market demand

💡 Villa and sea-view apartment values have risen sharply in 2023–2025—now is an excellent time to sell.

How Will NC Property Market My Property?

Once you sign up with NC Property, your property will benefit from a multi-channel international marketing strategy, including:

• High-quality photos and video
• SEO optimised listing on our top-ranked website
• Promotion on Property Portals
• Email campaigns to our buyer database
• Targeted social media advertising
• Direct contact with qualified buyers seeking similar homes

Our team handles the photography and copywriting—subject to your approval.

What Are the Costs of Selling?

Here’s what to expect:

No marketing fees. You only pay commission if and when your property sells.

Capital Gains Tax: Will I Be Taxed?

In the TRNC, private individuals are entitled to one lifetime tax-free property sale, provided:

• The property is under 1 donum (1,338m²)
• It is not part of more than three property sales in one year

After this exemption, capital gains tax is 5.35% on profit for private sales. Consult your lawyer for updated advice specific to your situation.

Commission Rate: What Will I Pay?

NC Property offers competitive commission rates depending on:

• Property type and value
• Location and condition
• Sole or multi-agency arrangement

Sole Agency Option: We offer reduced commission for vendors who sign a Sole Agency Agreement. You gain priority marketing and faster exposure in return.

Step-by-Step: How the Selling Process Works

1. Free Valuation Visit
2. Agency Agreement Signed (commission agreed)
3. Professional Photography & Listing Prepared
4. Property Marketed to Global Buyers
5. Viewings Arranged at Your Convenience
6. Offer Received and Negotiated
7. Reservation Deposit Paid by Buyer via Lawyer
8. Contract Drafted and Signed (Inventory Included)
9. Funds Released and Title Transferred

Note: The full transaction typically completes within 4–8 weeks depending on legal processing.

How Long Will It Take to Sell?

Different types of properties take different lengths of time to sell.  If you are the vendor of a villa with a pool reasonably close to Kyrenia, your home is likely to sell very fast.  Apartments further from town are taking longer to sell, although seafront positions for any property generally ensure a fast sale.

After around a month from the payment of the reservation deposit, the lawyers for both the seller and buyer will arrange the signing of the contract, prior to which the seller will have sent the funds to their lawyer’s client account.  At the time of the signing, the funds will be released to the buyer’s lawyer and then to the seller’s lawyer.  The period can be longer if there are delays with the land registry office or any complications with the sale.  

NB – This North Cyprus Property Seller’s Guide is offered as advice only.  NC Property cannot guarantee the sale of any particular property but we do not take on properties to market which we don’t feel are likely to sell.  We cannot be held liable for any delays with the sale once it’s in the hands of the lawyers but will always do all we can to help to expedite the process.

Let NC Property help you achieve the best outcome from your property sale—professionally, ethically, and efficiently.

Disclaimer:
All prices, costs, facts and figures mentioned in this article are approximate and for general informational purposes only. They may vary over time. Readers are advised to verify current rates, legal requirements, and financial details with relevant authorities, legal advisors, or service providers before making any decisions related to property purchase or relocation in North Cyprus.