The Turkish Republic of Northern Cyprus (TRNC) has officially introduced new regulations governing property purchases by foreign nationals and foreign legal entities. The new decree came into force on May 11, 2026, bringing important changes to the real estate market and property ownership rules for international buyers.
The updated legislation is aimed at creating a more structured and transparent property market while continuing to attract foreign investment into North Cyprus.
Under the new regulation, foreign nationals are now permitted to purchase:
subject to approval by the Council of Ministers.
In addition, foreigners may also purchase:
The decree also specifies that no second residential property or apartment building may be constructed on land purchased for detached housing purposes.
The new rules include expanded ownership rights for citizens of countries that officially recognize the TRNC and provide reciprocal rights to TRNC citizens.
In such cases, foreign buyers may be allowed to purchase:
One of the most significant changes introduced by the decree concerns foreign investors operating in strategic sectors including:
According to the new regulation, investors in these sectors must now make a minimum investment of €10 million.
However, traditional build-and-sell residential construction projects are excluded from this investment category.
For the first time, the TRNC has officially established a “Licensed Intermediate Investor” system.
Under this framework, licensed investors will be authorized to market and sell residential units within approved developments to foreign buyers under specific legal conditions.
Industry experts believe the new legislation will make the North Cyprus real estate market more professional and regulated. Buyers are expected to pay greater attention to:
Despite the legal changes, demand for North Cyprus property remains strong thanks to:
Areas such as Iskele, Long Beach, Kyrenia, Boğaz, and Ötüken continue to attract strong interest from international buyers and investors.
Read more about North Cyprus real estate at Alliance Cyprus Property
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