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 Rates The...
Northern Cyprus
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...