What is a Turkish Kocan Can You Buy a House with Turkish Kocan?

Interest in the real estate markets of the Turkish Republic of Northern Cyprus is growing day by day. In a country where both local and foreign real estate investors are purchasing a large number of properties, residential properties offer many advantages. One of the terms investors encounter most frequently in TRNC home and residential property listings is “Turkish Title Deed.” So, what does “Turkish Title Deed” mean? Is it a good idea to buy this type of home?

What Does "Turkish Title Deed" Mean?

"Turkish Title Deed" is a term used for property titles held by Turkish Cypriots and citizens of other countries prior to 1974. These types of title deeds and deeds attract more interest compared to other types of deeds. For this reason, Turkish Koçan apartments, villas, land, and commercial properties are sold at higher prices.

What Does "Koçan" Mean?

In Northern Cyprus, the word "koçan" means title deed. There are three types of title deeds (koçan) you may encounter in the country. These are referred to as Turkish Koçan, Equivalent Koçan, and Allotment Koçan. While these types of title deeds and koçan hold equal validity under the TRNC, there are differences in how they are issued.

• Equivalent Title Deed: These are title deeds issued to Turkish Cypriot citizens who were forced to abandon their real estate in Southern Cyprus following the separation of the two communities in 1974.
• Turkish Title Deed: These are used to identify title deeds held by Turkish Cypriots and citizens of other countries prior to 1974. However, these title deeds may currently be in the possession of citizens of different countries.
• Allocation Title Deed: These are types of title deeds granted by the Turkish Republic of Northern Cyprus to citizens for various reasons (outstanding achievement, migration, etc.).

Is It Wise to Buy a Property with a Turkish Title Deed?

One of the issues that makes those considering purchasing a home in Cyprus hesitant is the types of title deeds. Foreigners often hesitate regarding which type of title deed is more reliable or whether it is reliable at all. However, all types of title deeds are guaranteed by the Turkish Republic of Northern Cyprus and hold equal status in the eyes of the state. Therefore, our answer to the question “Is it a good idea to buy a property with a Turkish title deed?” is a definitive yes.

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To obtain information on real estate prices, deed types, the purchasing process, and other related topics in the Turkish Republic of Northern Cyprus, you can contact us and receive assistance from our expert representatives on any matter you may have questions about.