Types of stubs and their differences in Cyprus

Types of Title Deeds in Cyprus One of the most common terms encountered in real estate listings in Cyprus is “title deed.” So, what does "koçan" mean? "Koçan" is the name given to title deeds in Northern Cyprus. In this article, we will share the types of koçan and the differences between them.

Types of Koçan

The people of the Turkish Republic of Northern Cyprus use the term "koçan" instead of "title deed." So, how many types of koçan are there? Generally speaking, there are three types of koçan. Additionally, the most fundamental difference between these types of koçan lies in the conditions and timing under which the koçan transfers ownership to the property owner. Aside from this, there is no qualitative difference between the types of koçan. The types of koçan found in the TRNC are as follows:

Turkish Title Deed

In Cyprus, the Turkish Title Deed is the title deed issued for real estate owned by Turkish or third-country nationals prior to the division of the island in 1974. All rights to real estate with a Turkish Title Deed belong unquestionably to the property owners.

Equivalent Title Deed

An Equivalent Title Deed is a type of title deed issued to individuals who were forced to migrate from the south to the north of Cyprus during the same period. Additionally, this type of title deed, issued to address the grievances of citizens who left their properties behind in the south, was granted to individuals in an amount equal to the value of their properties in the south.

Allocation Title

An Allotment Title is a type of title deed that can be issued by the TRNC government for various reasons. It was particularly granted to individuals who migrated to the island after 1974 or who rendered outstanding service to the country. Title deeds in Cyprus are protected under the law and are considered highly secure.

Which Title Deed Type Should You Choose?

In Northern Cyprus, no one type of title deed is superior to another. All title deed types are official documents recognized as valid by the TRNC government or backed by state guarantees. Therefore, you do not need to worry about the type of title deed when purchasing real estate.

When purchasing an apartment, villa, or plot of land in Northern Cyprus, you should remember that all deed types are official documents approved by the state.

What You Need to Know About Title Deed Types

  • All types of title deeds protect an individual’s property rights and are highly reliable.
  • All types of title deeds are under the protection of the Turkish Republic of Northern Cyprus.
  • The type of title deed for a property can lead to differences in real estate sales prices.