The average occupancy rate of hotels in Northern Cyprus estimated at 57%, according to statistics published by The Turkish Cypriot Hoteliers Association.
Analysis of occupancy of hotels showed the number of tourists in hotels increased by 8% compared to same time last year. Demand for high-class hotels is growing rapidly and in May 5-star hotels were occupied by 72%. According to statistics, small hotels’ occupancy rate was 43% in May 2014, showing a 10% increase compared to April of this year.
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Council of Ministers Decree of 15 May 2025 reshapes foreign property ownership rules in Northern Cyprus
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: New Property Purchase Rules for Foreign Nationals
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:Legal Tensions Rise as Arrest Warrants Target Turkish Nationals in Northern Cyprus Development
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 prestNorthern Cyprus Simplifies Residency Rules for Foreigners: Prime Minister Ünal Üstel Announces Major Reforms
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.
