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Solicitor fee: Including drawing up of contract and seeing the purchase through to completion, approximately £1000.

Stamp Duty: 6% of the valuation levied by the Land Registry Office. You will have the option to be exempt from 3% of the 6% Stamp Duty on any one purchase.

VAT: 5% is payable on new build property only.

Contract Stamp Duty: 0.5% of the purchase price of the property is payable within 21 days of the signing of the contract.

You will need to apply to the authorities for permission to purchase. This can take quite a time to obtain and currently you are looking at around 2 years, however, permission will not hold up any property purchase.

1. Verification of documents. The registration documents of the developer company and the documents of the owner of the land plot, title documents for the real estate object (Titles), permission for the construction of this real estate object must be attached to the contract. And if the real estate object is already built, then a Final Approval document should be received, and individual titles should be ready within a year from the completion of its construction.
2. The contract must be in English.In the Famagusta state