The cost of living in North Cyprus, whose economic fortunes are linked to Turkey via the lira, spiralled out of control last year, Yeniduzen reports.
According to the Statistical Institute annual inflation in North Cyprus rose to 83.62 percent as of December 2023. Meanwhile, the economic forecast for 2024 is equally grim.
Last year, the worst affected sector was healthcare and medicines at 96.09%
Housing, water, electricity, gas and other fuels: 89.45%
Furniture, household appliances and maintenance services: 84.36%
Transportation: 83.25%
Miscellaneous goods and services: 80.70%
Entertainment and culture: 72.38%
Clothing and shoes: 70.66%
Alcoholic beverages and tobacco: 69.25%
Staple foods: 64.35%
"Yeniduzen"
Share on social networks:
North Cyprus Real Estate 2026: Property Prices, Rental Yields and Investment Guide.
North Cyprus Real Estate 2026: Property Prices, Rental Yields and Investment Guide.Rental Prices in North Cyprus Continue to Climb
Latest statistics reveal that apartment rental prices in the TRNC have increased by nearly 47% in Turkish Lira terms and around 24% in British Pounds over the past year. Kyrenia, Lefke and Iskele remain the most expensive regions, while rental properties priced in Turkish Lira are becoming increasingly difficult to find. Discover the latest market trends and regional rental price differences across North Cyprus.New Property Ownership Rules for Foreigners in North Cyprus — 2026 Update
The Turkish Republic of Northern Cyprus (TRNC) has officially introduced new regulations governing property purchases by foreign nationals and foreign legal entities.Immigration Amnesty in the TRNC — May 2026
In April–May 2026, new amendments to immigration legislation came into force in the Turkish Republic of Northern Cyprus, introducing a temporary immigration amnesty for foreign nationals residing in the country without valid legal status.
