Despite the recent decline in housing prices in real terms in Turkey, the persistence of problems in access to financing has led investors to look abroad. In this context, the Turkish Republic of Northern Cyprus (TRNC) has become an attractive investment center. Especially in the last 3 years, we observe that the construction sector in TRNC has gained momentum.

As CEESS Global, we are waiting for our investors in our new sales office in Iskele region. There are many things to consider before investing in the TRNC. Since 2020, the increasing demand has been intensified by Turkish investors, especially in the last 1-2 years. The difficulty of owning a house in Turkey and high prices direct investors to the TRNC. There was demand in Northern Cyprus before, but especially in the last 2 years, this interest has increased even more.

Northern Cyprus has become a preferred destination due to its proximity to Turkey and the fact that apartment prices are more affordable than in Turkey and other countries. The amortization period in TRNC is in the 7-8 year band compared to 20 years in Turkey. Especially the Iskele region has been in great demand since 2021 and stands out as one of the most profitable investment regions.

Another important advantage for investors is the possibility of forward sales. With a low down payment, you have the opportunity to become a homeowner. In addition, the annual rental yield in the TRNC is around 8%, which offers an attractive opportunity for investors.

New regulation on foreigners' right to buy property in TRNC