Real Estate News

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...

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. SI Rating: 5/5 Reviews: 25 Address: Semih Sancar...

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...

Selling Your House in Northern Cyprus: Why Choosing the Right Agent Matters When it comes to selling your house in Northern Cyprus, selecting the right real estate agent can significantly impact your success. Here’s why you should opt for experienced local agents and be cautious of new agents who might overprice your property. Why Choose Local Agents for Selling Your Property? 1. In-Depth...

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...

The real estate industry is a vibrant and essential sector of the economy, but it also faces challenges, particularly concerning unlicensed agents. These individuals can pose risks to consumers and the integrity of the market. Understanding how to navigate this landscape is crucial for both buyers and sellers. Here’s what you need to know about unlicensed agents in real estate and what actions you can...

The Ultimate Cheat Sheet on Real Estate Navigating the real estate market can be a daunting task, whether you're a first-time homebuyer, an experienced investor, or a real estate professional. This ultimate cheat sheet provides essential insights, tips, and strategies to help you succeed in the dynamic world of real estate. From understanding property types to mastering negotiation skills, this guide...