Foreigners soon will be able buy up to three properties in North Cyprus. The new law, which will boost the economy of the TRNC, is discussed in parliament. One-time property tax will be also reduced.
Currently, foreigners are allowed to purchase no more than one property per person or family. The government's plans also include tax cuts for receiving of the title deed. Currently the tax is 6% of the property value and is expected to fall to between 1 and 3 percent.
Interior Minister of the TRNC, Teberuken Ulucay commented: "We decided to do this in order to further develop the economy and the construction sector, and to restore the confidence of foreigners"
Mr. Ulucay, also said that the aim is also to reduce the cost of property tax (VAT), which currently is 5 % of the purchase price .
"Our plan is to reduce the tax to 1% on the new property, which has not been registered previously in the land registry. The property tax changes will be in force for a six-month period"
Share on social networks:
North Cyprus Property Market in November 2026: New Purchase Rules, Taxes and Residence Permits
North Cyprus Property Market: New Purchase Rules, Taxes and Residence Permits in November 2026How Foreign Nationals Can Obtain a TRNC Driving Licence
New regulations for foreign driving licence holders came into effect in the TRNC (Northern Cyprus) on 6 October 2026. Who is affected, how can foreign nationals obtain a TRNC driving licence, and what examinations and training are required? Find out the key requirements, details of the 90-day transitional period and the exceptions that apply to certain nationalities.New Residence Permit Rules in Northern Cyprus: What Changed for Property Owners in October 2026
In October 2026, new rules came into force in Northern Cyprus regarding residence permits for foreign nationals who already own property with a registered title deed (TAPU) in their name, as well as those purchasing property under a sales contract where the TAPU has not yet been transferred.Northern Cyprus Property Market Main News and New Rules for Investors by Alliance
Real estate investment in Northern Cyprus is undergoing a major transformation. The period of chaotic speculative demand has transitioned into an era of high transparency and market maturity.
