🌴 Northern Cyprus Buyer Guide

Laws, costs, FAQs, and reasons to invest in Northern Cyprus.

Rules & Process Legal & Authorities Costs & Living Company Setup Why Invest Infrastructure & Consular

🎥 Watch: Legal Considerations for Buyers in Northern Cyprus

📜 Rules & Process

⚖️ Legal & Authorities

💰 Costs & Living

🏢 Company Setup

📈 Why Invest

🏗️ Infrastructure & Consular

Contact Us

Need guidance for buying in Northern Cyprus? Get in touch directly.

💬 Chat on WhatsApp 📩 Full Contact Page

Property Buying Guide: How to Buy Property in North Cyprus

Cyprus is a large island in the eastern Mediterranean Sea. The island is divided into 2 countries, the southern part is the Republic of Cyprus and the northern part is the Turkish Republic of Northern Cyprus. This guide contains buying property information in North Cyprus. There are 35 thousand foreigners living in the total population of 350 thousand locals.

North Cyprus, a gem in the Mediterranean, is increasingly becoming a desired travel destination. With its golden sandy beaches, beautiful bays, and rich tapestry of culture, it offers a unique mix of natural beauty and historical significance. Aphrodite, the goddess of love, was born from the foam of the Mediterranean and landed on North Cyprus's sandy shores. The country is blessed with a wonderful climate, having 300 sunny days a year.

It is a very popular tourist destination for Europeans, British people, Russians, and Israelis. Forbes magazine has chosen North Cyprus as the world’s best buy on beachfront property in 2021. Therefore, the property market in North Cyprus has witnessed exceptional growth, making it a hotspot for real estate investments.

If you want to purchase a property in North Cyprus, you would like to get detailed information about how the legal process works and its costs. Please read our step-by-step purchasing property page and purchasing costs pages.

Real Estate Market in North Cyprus

North Cyprus has a rare political situation. It is a de facto state. There, all state organs are facilitated, and daily life is organized by the elected government. Turkey, as a guarantor country, used its rights to stop the violence and unstable situation in the country in 1974. The northern part of the island is currently not diplomatically recognized by the vast majority of the world. That's why all flights currently land first in Turkey and then fly to Ercan Airport. Recently, there are countries planning to recognize North Cyprus in the near future. This makes the real estate market very promising.

Thousands of real estate sales to foreigners have occurred in the last few years, mainly by German and British buyers who are purchasing vacation homes. Here are the key points of the Cyprus real estate market:

Cheap Properties Promise High Return on Investment: North Cyprus offers properties that are 3 times cheaper than in the southern part of the island, making it attractive to overseas investors.
“Las Vegas of Europe” & Rich Nightlife: Known for its casino industry, North Cyprus has developed a vibrant nightlife with luxury resorts and high-end restaurants.
Peaceful & Beautiful Island: Renowned for its low crime rates, high safety, and stunning natural beauty, making it an ideal place to live and invest.
Tax Benefits: Many European citizens prefer buying property due to the favorable tax situation in North Cyprus, with no income tax on foreign earnings.

Girne

Often called the jewel of North Cyprus, Girne (Kyrenia) is renowned for its picturesque harbor, massive amount of historical sites, and vibrant nightlife. The city and its surrounding villages, such as Alsancak and Lapta, have witnessed a significant increase in property demand.

Gazimağusa (Famagusta)

This city is known for its history and deep harbor, making it an important trade spot on the island. People love Gazimağusa (Famagusta) for its sunny weather, fun nightlife, and beautiful beaches. It's also a big place for learning, with many well-known universities and colleges. Because of this, a lot of students live here. The consistent demand for rentals throughout the year, combined with its appeal to foreigners for buy-to-let properties, fortifies Gazimağusa's reputation as a prime real estate investment destination.

İskele

Nestled 20 km north of Gazimağusa, İskele is famed for its big golden beaches. The region has undergone a transformation in recent years, evolving into an investment hub. The real estate sector here is on an all-time increase in demand, with new, modern, and luxurious residential and commercial projects sprouting regularly. Moreover, the properties here are more pocket-friendly compared to other regions, making İskele a prime destination for long-term investments.

Esentepe

Situated on the northern coast, a stone's throw away from Girne, Esentepe is a haven for those seeking solitude, peace, and a connection with nature. Its proximity to North Cyprus’ premier golf course and idyllic beaches makes it a favorite among foreign investors. The areas surrounding Esentepe, like Bahçeli and Küçük Erenköy, are witnessing a boom, driven by high returns on capital and profitable short-term rentals. In this destination, all properties have a sea view.

Lefkoşa

The vibrant center of North Cyprus, Lefkoşa offers a unique blend of island city life. As the capital, it is a prime choice for those looking to settle, work, and invest in North Cyprus. There are apartments and traditional Cypriot villas in the capital. Lefkoşa (Nicosia) stands out with reputable educational institutions, government buildings, and top-tier health centers.

Lefke

Overlooking the tranquil Guzelyurt Gulf, Lefke is the heart of North Cyprus's natural beauty and rich history. Modern housing projects in Lefke blend luxury with nature. If tranquility paired with modern comforts is what you seek, Lefke is an ideal destination for property investment.

Güzelyurt

The exact translation of Güzelyurt is "beautiful place" in Turkish. It is a picturesque haven on the island's northwestern shores. Adorned with colorful gardens and historical landmarks like the Blue House, St. Mamas Church, and the Güzelyurt Museum of Archeology & Natural History, offer a blend of nature and culture. The recent establishment of a university has further elevated Güzelyurt's status as an investment hotspot, with modern residential projects, promising lucrative returns for investors.