Thinking of Buying Property in Northern Cyprus? Here’s What You Need to Know About the New Laws
Q: I heard the laws have changed—can foreigners really buy more homes now?
A: Yes! The government of Northern Cyprus has officially made it easier for foreigners to own property. You can now buy more homes, including multiple apartments or villas in residential developments. The goal is to encourage genuine investment—not just speculation—by opening the doors wider for international buyers.
Q: What’s the catch? Is there still a lot of paperwork?
A: The process is smoother now. If you have a property sales contract approved by the Tax Office, you can get a 90-day visa without needing Land Registry confirmation upfront. It’s a helpful step that lets you stay while completing the buying process.
Q: Can I get residency if I buy a property?
A: Absolutely. If you own a home with a registered title deed, you can now get a 5-year residence permit—and you don’t even need to prove any income. That’s a big change from previous rules.
Q: What if I don’t have the title deed yet, just a sales contract?
A: You can still apply for a 2-year residence permit, which can be extended up to 5 years. Again, no income proof required. The government is clearly trying to make the system more flexible for real buyers.
Q: What about older buyers or retirees? Is it harder for them?
A: Not at all. In fact, the law now favors property owners over 60 years old. Health checkups are only required every five years, and private hospitals are included in the coverage. It’s never been more retirement-friendly.
Q: Why is Northern Cyprus doing this?
A: The government wants to attract serious investors and long-term residents—not quick-flip buyers. These updates are part of a broader push to boost the economy while also making life easier for people who want to call the island home.
Q: So, is now a good time to invest?
A: If you’re looking for sun, sea, and a smoother path to ownership and residency, yes—now is a very good time.
Want to know more about how to take advantage of these changes?
Contact us today—we’re here to help you navigate the new rules.