A friend of my sister who is buying a house in Kibris has asked me if I know anything about the Turkish government cutting the price you have to pay for your final deeds (Tapu). She has bought a property there and is in at the final payment stage and has had notification from her agent that purchase costs have been reduced.

My first thought is that this might be the well known practice of not declaring the full purchase price on the Tapu, but to her it will appear to be a out of the blue cost saving with purchase tax reductions. If that is the case I wonder about the dangers of following through with this. As I understand it, she has an agent there completing the deal for her under a power of attorney.

If anyone has heard of any changes to house purchase costs in Kibris I'd appreciate your input.

sorry to reply so late
I know that the cost of the tapu has been reduced.I can find out if you are still interested. I know this because there was a newspaper article about how they were expecting more sales because of this.

dima-onur

Many thanks for you reply but she has already dealt with the issue, appreciate you help though.

So what happened?