In recent years, Northern Cyprus has experienced a surge in foreign investments in real estate. More and more international buyers are turning their attention to this picturesque corner of the Mediterranean, enticed by affordable prices and a favorable investment climate.
Investing in Real Estate in Northern Cyprus: Opportunities and Trends
The main draw for investors is the significant difference in property prices compared to neighboring regions. For example, a 1+1 apartment in a new development by the sea in Limassol (Republic of Cyprus) would cost between 4,000 and 6,000 euros per square meter. In Northern Cyprus, a similar property would only cost between 2,500 and 3,000 euros per square meter.
Popular cities in Northern Cyprus
The cities of Kyrenia, Iskele, Famagusta, and Gazimagusa (Gaziveren) attract the greatest interest from buyers. Among the main nationalities of investors are Russians, Iranians, and Europeans.
The construction market is primarily dominated by around 30 large and small development companies. Cases of non-compliance by developers are virtually absent.
Discover the real estate boom in Northern Cyprus
The residential real estate market in Northern Cyprus is highly constrained due to its small territory, while the population continues to increase, partly due to the influx of affluent migrants.
Consequently, there is a steady growth in demand for rental housing, especially in prestigious areas such as Kyrenia, Nicosia, and Famagusta, where numerous 5-star hotels are concentrated. Thus, there is a clear shortage of supply in the affordable housing segment.
Explore Investment Opportunities in Northern Cyprus
According to investment consultants, the combination of all these factors creates ideal conditions for profitable investment in Northern Cyprus real estate. Population growth, relatively low prices, and high demand ensure stable income for property owners.
Therefore, it is hardly surprising that foreign investors are showing interest in this picturesque Mediterranean enclave.
Properties in Northern Cyprus
Special offers of real estate abroad
- € 2 500 000
- House, For sale
- ID: LV-1356
- Latvia, Riga, Old town
Exclusive private house in the heart of the Old Town
- upon request
- Commercial apartment building, For sale
- ID: LV-143885
- Latvia, Riga, Centre
For sale Exclusive Household in the center of Riga
- € 2 150 000
- House, For sale
- ID: LV-77877
- Latvia, Jurmala and region, Bulduri
For sale luxury villa near the sea in Jurmala
- upon request
- Penthouse, For sale
- ID: CY-193-98877
- Cyprus, Limassol, Limassol Coastal road
Luxury residence for sale in Cyprus
- € 2 250 000
- House, For sale
- ID: IT-39-99453
- Italy, Lombardia, Milan
Historic Farmhouse with Private Park in Peschiera Borromeo (Milan, Lombardy)
- € 1 950 000
- House, For sale
- ID: LV-163492
- Latvia, Jurmala and region, Majori
Exclusive Villa for Long-Term Rent in Jūrmala, Dzintari
- upon request
- Apartment, For sale
- ID: LV-163139
- Latvia, Jurmala and region, Bulduri
Unique apartment at the sea side in Jurmala – worse to see.
- € 2 800 000
- Mansion, castle, estate, For sale
- ID: IT-39-165406
- Italy, Toscana, Siena
FARMHOUSE WITH POSSIBILITY OF SPA CENTER IN VAL D'ORCIA
- upon request
- House, For sale
- ID: LV-1529
- Latvia, Jurmala and region, Asari
Feel atmosphere of the Baltic sea resort! Private scandinavian style house for sale in Jurmala.