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

The minimum investment threshold has been reduced from £20 million to £10 million.

The real estate transfer tax has been reduced from 12% to 9%.

The validity of purchase permits has been extended from 3 months to 1 year.

Transparency and legal oversight of developers has been increased.

⚖️ Legal protection and recognition

The European Court of Human Rights has confirmed the Immovable Property Commission in Northern Cyprus as a legitimate mechanism for resolving property disputes.

This provides greater legal certainty for international investors concerned about their property rights.

📈 Market trends and demand

Demand for villas increased by 21% at the beginning of 2025.

The most sought-after locations are Kyrenia, Iskele (Long Beach), and Famagusta.

Average property prices rose by 7-10% during the quarter.

Example: In Famagusta, prices have risen from €600 to €1,200 per square meter over the past few years.

📉 Market challenges

Several developers are facing project delays and lower sales due to legal uncertainty.

Some real estate companies are offering flexible payment plans and discounts to boost sales.

Experts report that up to 50% of transactions remain unregistered, posing risks in terms of ownership rights and legal regulations.