In early 2024, Northern Cyprus Property Market is experiencing a significant 70% decline in its property market activity compared to previous years, signaling a notable slowdown. Despite some positive momentum at the start of the year, particularly in January, with a brief boost in home valuations and inquiries, the overall buyer interest has dropped sharply. Many potential homeowners have delayed their...
The property market in Northern Cyprus has experienced a significant transformation over the past few years, especially in 2022 and 2023. This period saw an unprecedented demand for real estate, with villa and apartment prices reaching new heights. A major driver behind this surge has been high-net-worth individuals from abroad, who have been keen to invest in this attractive region. Reasons for...
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