Record decrease of Turkish Lira was reached during recent days. Latest currency exchange rates have reached the following values: 1GBP – 3.21TL; 1 Euro – 2.69TL, and 1 US dollar – 2.05TL. Some economists unite in opinion that record decrease of the TL is the result of recent measures taken by US and Great Britain. The devaluation of the TL is causing financial harm to local residents that have taken loans in foreign currencies. According to Jim Rogers, an expert in the financial and investment fields, there is no specific reason for the fall of the Turkish Lira, and the currency will resume its place in the market. Foreign nationals and tourists that are spending these last months in Northern Cyprus are finding themselves in fortunate position, as they are changing foreign currency to Turkish Lira at higher rates.
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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.
