The new property boom in Northern Cyprus strongly reminds of Annan Plan times, as the statistics shows 25% increase in property sales in recent months. According to the official representatives of real estate agencies in TRNC, millions of pounds are invested in TRNC property by buyers from England, Scandinavia, and Russia.
Progress in the negotiation process as well as new property laws introduced by government, such as decrease of property tax, allowing foreign nationals to own up to 3 properties – had a positive effect on the increased property demand from foreigners.
The sales increased specifically in regions of Kyrenia (Girne), Famagusta, and Bogaz. Construction Contractors’ Union chairman Faik Dagasti said: “There are serious signs of property boom on the horizon, similar to what was experienced during the Annan Plan period”.
Between 2009 and 2012 the property sales have fallen significantly in Northern Cyprus, however recently the figures increased at least by 60% for each month. With average value of property between 100,000 and 120,000 GBP for a property, millions of pounds are being poured into the sector.
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.
