Benefits of Buying and Renting Property in Northern Cyprus for Foreigners

Northern Cyprus is attracting foreigners from around the world, becoming one of the most sought-after regions for property purchase and rental. In recent years, Northern Cyprus has seen significant growth in the construction sector, with modern, high-quality projects emerging with convenient purchasing options. Alliance-Estate, a professional real estate company in Northern Cyprus, offers a full range of services to buyers—from property selection and purchase to rental management.

Affordable Prices and Stable Market Growth

• Northern Cyprus offers some of the most affordable real estate prices in the Mediterranean. The average cost per square meter is around £1,200-£1,800 (depending on location and type of property), making the region highly attractive for investments.
• Property prices in popular resort areas like Iskele, Long Beach, and Bogaz increase annually by 5-10%, providing an excellent foundation for long-term investments and substantial resale profit potential.

Simplified Purchase Procedure for Foreigners

• Northern Cyprus has implemented buyer-friendly policies, enabling foreigners to easily purchase property with minimal restrictions. Foreign nationals are permitted to own one property per person, with full title deeds transferred to the buyer.
• New regulations further protect buyers, mandating developers to expedite the title deed transfer process. This ensures transparency and legal security for international investors, making the purchasing process smoother and more secure.

High Rental Demand and Return on Investment

• The growing tourism sector has boosted demand for rental properties, particularly in areas close to beaches and urban centers. Properties in cities like Kyrenia, Famagusta, and Iskele attract short- and long-term renters, from vacationers to expats.
• With the assistance of Alliance-Estate, property owners can access guaranteed rental programs, allowing them to earn up to 8-12% annual rental yield. Properties with sea views and modern amenities, for instance, are particularly sought after for vacation rentals.

Flexible Payment Plans

• Many new projects in Northern Cyprus offer flexible payment plans for buyers, with installment options from 2 to 7 years at 0% interest. This financing makes property ownership feasible without immediate full payment, allowing investors to manage budgets efficiently while maximizing investment potential.

Comprehensive Services from Alliance-Estate

• Alliance-Estate provides a full spectrum of services for foreign buyers, including:
  • Guided property tours
  • Legal assistance in preparing documents
  • Assistance with securing residency permits for property buyers
  • Property management, including tenant sourcing and rental agreements, to ensure your property generates consistent income.

Northern Cyprus—A Profitable and Secure Investment Opportunity

Whether for personal use, holiday rentals, or investment purposes, buying property in Northern Cyprus offers foreign buyers a profitable and secure opportunity. With a steadily growing market and professional support from Alliance-Estate, investing here is a decision with great potential.

For more information on available properties, rental programs, or legal guidance, contact Alliance-Estate to explore Northern Cyprus' real estate market and take advantage of its promising opportunities.