Real Estate in Northern Cyprus: Prices, Laws and Best Areas 2025

Real estate in Northern Cyprus has become one of the most attractive investment markets in the Mediterranean. The region offers affordable prices, a mild climate, stable property value growth, and favorable conditions for foreigners: buying an apartment or villa gives the right to obtain residency (residence permit), and developers provide long-term installment plans of up to 5–7 years.

Why invest in Northern Cyprus real estate?

1. Affordable prices. A studio near the sea starts from £90,000–100,000, one-bedroom apartments from £130,000, and spacious villas from £250,000.
2. Developer installments. Most new projects offer interest-free payment plans up to 7 years.
3. Residency through property purchase. As of 2025, new laws allow foreigners to obtain residency after purchasing property in Northern Cyprus.
4. Price growth. In the past 3 years, property values in popular areas increased by 40–60 %.
5. High rental income. Seaside apartments generate 7–10 % annual rental yield.

Best areas to buy property in Northern Cyprus

• Iskele and Bogaz — resort areas with the best beaches of the Eastern coast, famous for modern residential complexes with pools, restaurants and full infrastructure.
• Famagusta — a university city with stable rental demand from students and teachers.
• Kyrenia (Girne) — the tourist capital with higher prices but maximum rental profitability.
• Yeni Bogazici — a green family-friendly district with villas near the sea, schools and supermarkets.

New developments vs. resale properties

• New developments provide modern residences with swimming pools, gyms and security. Buying off-plan saves up to 30 % of the final price.
• Resale properties are ready-to-move-in apartments and villas, often furnished, suitable for immediate living or rental.

Legal updates 2025

Starting from January 2025, the regulations were updated:

• foreigners can purchase up to two properties per family;
• residency permits are granted faster after property purchase;
• simplified rules for long-term rentals and tourist letting.

How to buy property in Northern Cyprus

Alliance-Estate offers full transaction support:

• selection of new developments and ready apartments;
• legal check of documents;
• assistance with obtaining residency;
• property rental and management.

Conclusion
Buying real estate in Northern Cyprus in 2025 is not only an attractive investment but also an opportunity to live by the sea with residency rights. With affordable prices, installment options, and a growing market, property here is a reliable way to protect and increase your capital.