The government of Northern Cyprus has introduced new investment rules to attract foreign buyers.

• Minimum investment threshold reduced from £20M to £10M.

• Property transfer tax lowered from 12% to 9%.

• Purchase permit validity extended from 3 months to 1 year.

• Stronger transparency and legal oversight for developers.

⚖️ Legal Protection and Recognition

The European Court of Human Rights has reaffirmed the Immovable Property Commission in Northern Cyprus as a legitimate mechanism for property dispute resolution.
This provides greater legal certainty for international investors concerned about ownership rights.

📈 Market Trends and Demand

• Demand for villas surged by 21% in early 2025.

• Hotspots: Kyrenia, Iskele (Long Beach), and Famagusta.

• Average property prices increased 7–10% per quarter.

• Example: In Famagusta, prices rose from €600 to €1,200 per m² over the past few years.

📉 Market Challenges

• Several developers face project delays and lower sales due to legal uncertainty.

• Some real estate companies offer flexible payment plans and discounted prices to boost sales.

• Experts report up to 50% of transactions remain unregistered, posing title and legal risks.