Political instability, legal chaos, and lack of transparency are pushing investors away from Northern Cyprus. Industry experts warn the construction sector is on the brink of collapse.
President of the Turkish Republic of Northern Cyprus (TRNC), Ersin Tatar, stated that the Greek Cypriot leadership has recently intensified its aggressive policies against the TRNC, particularly targeting its economy. In an interview with TAK News Agency, Tatar emphasized that these actions are enabled by the unfair and unlawful status the Greek Cypriots have held since 1964.
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Council of Ministers Decree of 15 May 2025 reshapes foreign property ownership rules in Northern Cyprus On 15 May 2025 the Turkish Republic of Northern Cyprus (TRNC) published a Council of Ministers Decision in the Official Gazette, introducing significant revisions to property acquisition by non-TRNC citizens.
Northern Cyprus has introduced amendments to the law regulating real estate purchases by foreign nationals. According to the updated legislation published in the Official Gazette, foreign individuals are now allowed to purchase:
A new wave of concern has emerged among investors and developers in Northern Cyprus following the Republic of Cyprus' decision to issue arrest warrants against Turkish nationals involved in the prest
Prime Minister Ünal Üstel has officially unveiled significant amendments to the residency system for foreigners, emphasizing that these steps are not merely administrative, but rooted in humanitarian and social responsibility.
Northern Cyprus is a true treasure trove of history, culture, and natural beauty. Here, legendary landmarks rise proudly: the historic Kyrenia Castle, the romantic Bellapais Monastery, the enigmatic Othello Castle, and the majestic Church of St. George. Other architectural gems, such as St. Hilarion Castle and the Lala Mustafa Pasha Mosque, further enrich the region’s heritage.
The Çatalköy-Esentepe Municipality is implementing a significant project to support stray animals, following the principles of social municipal governance. Under the initiative of Mayor Ceyhun Kırok, food waste from hotels will be repurposed into nutritious and beneficial meals for stray cats and dogs.
Rental prices for apartments in TRNC have increased by an average of 22 percent over the past year.
The Ministry of Labor and Social Security has announced new requirements for employers applying for work permits for third-country nationals. Starting February 25, 2025, employers will be required to submit a security deposit of 250 euros and provide a notarized undertaking. This regulation is based on Article 34 of the Regulation on Work Permits for Foreigners under Law No. 63/2006.
A new mortgage loan program has been launched in K.K.T.K. for citizens who do not have registered housing in their name, their spouse’s name, or their children under 18. The program is intended for families with an income of up to 250,000 Turkish lira and offers favorable conditions.
