New Restrictions on Property Purchase by Foreigners in Northern Cyprus
Veronika Mamontova
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Frequently Asked Questions
What are the new rules for foreigners buying property in Northern Cyprus?
As of 2024, foreigners can typically buy only one property in Northern Cyprus. Some areas are restricted or require approval. These rules aim to prevent excessive foreign ownership and protect local housing access.
Why did Northern Cyprus restrict foreign property purchases?
The government introduced limits to curb rising prices, protect local buyers, and reduce speculation. The aim is to keep housing affordable for citizens and maintain balanced ownership across regions.
How do the new property purchase limits affect foreign investors?
Investors are limited to one property per person, so large-scale acquisitions are no longer easy. Small buyers can still invest, while larger investors may shift to legal structures like companies or commercial projects.
Are existing foreign property owners in Northern Cyprus affected by the new law?
Existing owners can usually keep their properties. The new rules apply to future purchases. Owning more than one property before 2024 is allowed, but adding new ones now requires compliance with the updated limits.
Can foreigners still invest in Northern Cyprus real estate in 2025?
Yes, foreigners can still invest by following the new rules. Buying one residential property is permitted, and larger investments may be possible via local companies or legal structures with approval.