Current Real Estate Situation in Northern Cyprus in 2025

The real estate market of Northern Cyprus in 2025 is undergoing an important stage of transformation. Following the introduction of new legislative rules affecting property purchases by foreign citizens, the market has entered a phase of structural renewal. This has simultaneously opened new opportunities for investors while bringing a degree of caution that requires informed navigation.

New Property Ownership Rules for Foreign Citizens

Since May 2025, updated regulations of the Law on Immovable Property Acquisition by Foreigners (TRNC) have come into force. The key change concerns limitations on the number of properties that a foreign national is allowed to purchase.

Foreign citizens (who are not citizens of Turkey) are now permitted to acquire:

• up to 3 apartments, or
• up to 2 villas (within a residential complex),

under the principle of mutually exclusive ownership: the buyer must choose only one type of property — either apartments or villas.

The requirement to obtain approval from the TRNC Council of Ministers remains in force, and land plots for individual houses continue to be limited in size. These regulations are aimed at structuring the market and protecting the interests of both the state and buyers.

Current Market Trends

Despite legislative changes, demand for real estate remains strong — especially in coastal regions where major residential projects, resort complexes and tourism infrastructure are concentrated. The highest interest is observed in:

• apartments in modern complexes with full facilities,
• villas in secure gated communities,
• properties under construction with installment plans.

A significant amount of completed housing is still available on the market, creating room for price negotiations. Many developers offer attractive payment terms and incentive programs.

Price Dynamics

Key regions — such as Kyrenia, Iskele and the Famagusta coastline — continue to show stable price growth. The popularity of the destination among tourists and the ongoing expansion of infrastructure support property values at a high level.

Off-plan projects remain the most appealing option for long-term investments due to their substantial potential for value appreciation.

Market Factors (according to the expertise of Alliance-Estate)

• Legislative changes — have clearly defined acquisition rules and created a more transparent system.
• Infrastructure development — seaside residences, wellness facilities, sports centers, restaurants and tourism projects continue to attract buyers.
• Economic environment — currency fluctuations and the region’s dependence on Turkey still require a balanced investment strategy.
• Political uncertainty — remains a factor that investors take into consideration for long-term planning.

Opportunities for Buyers and Investors

The situation in 2025 creates a unique window of opportunity:

• reduced competitive pressure opens access to properties that previously sold quickly;
• beachfront apartments and villas remain in high demand and show strong appreciation potential;
• off-plan investments provide a significant price advantage over completed units;
• a regulated ownership system strengthens trust among foreign buyers.

Today, the real estate market of Northern Cyprus combines stability, high liquidity of coastal properties and a renewed legal framework. The new ownership rules (up to 3 apartments or up to 2 villas) make the purchasing process more transparent and predictable.

For investors and future residents considering Northern Cyprus for living, relocation or rental income, 2025 offers a favorable opportunity to enter the market under comfortable conditions — supported by growing infrastructure, a mild climate and strong regional development potential.