Northern Cyprus Property Market Faces Turbulence Over New Tax Law The property market in Northern Cyprus is currently undergoing significant upheaval, sparked by a contentious new tax law that has drawn sharp criticism from legal professionals and property stakeholders. On Friday, August 16, 2024, the TRNC Bar Association and the Estate Agents Association formally challenged the new tax legislation by...
The top estate agents in Kyrenia, North Cyprus. Top Estate Agents in Kyrenia, North Cyprus If you're looking to buy, sell, or rent property in Kyrenia, North Cyprus, choosing the right estate agent is crucial. Here’s a curated list of the top five reputable estate agents in the area, ensuring you have the best support for your real estate needs. 1. Select Estates International Rating:...
Buying Property in Northern Cyprus To understand the risks of buying property in Northern Cyprus, it's important to first know the history of the Turkish Republic of Northern Cyprus (TRNC) and the island of Cyprus. Historical Background Cyprus was first settled around 7,000-10,000 BC by people from Anatolia and Syria. The island came under the control of various empires, including the Assyrians,...
Investing in Property Northern Cyprus: A Comprehensive Guide Investing in property in Northern Cyprus, particularly in the Kyrenia region, presents numerous opportunities for potential buyers. This detailed analysis explores the factors that make Kyrenia an appealing location for real estate investment, with a focus on tourism potential, educational institutions, and local market dynamics. Overview...
Property Buying Guide: How to Buy Property in Northern Cyprus Imagine standing on the sun-kissed shores of a Mediterranean paradise, where the azure waves kiss golden sands, and the gentle breeze carries whispers of ancient tales. This is Northern Cyprus, a hidden gem that beckons travelers and investors alike with its rich history, stunning landscapes, and vibrant culture. As you embark on the...
The property market in Northern Cyprus has experienced a significant decline 2024, with reports indicating a sharp drop of approximately 70% in property sales in 2024. While there are several factors contributing to this downturn, the main reason for the decline appears to be the introduction of new high tax rates and residency permit regulations. Impact of New Tax Rates and Regulations High Tax...
Living Costs, Retirement, and Property Prices in North Cyprus: What You Need to Know Today, we're diving into a comprehensive analysis of living costs, retirement options, and property prices in North Cyprus. Many of you might be expecting updates on new laws, but we are still waiting for the Bar Association and the Estate Agents Union to address this matter in the Supreme Court. This should happen by...
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