Generally, yes — especially in well-developed coastal areas such as Kyrenia, Esentepe, and Iskele. Property values and demand have shown steady long-term growth. The main risks relate to incomplete title documentation or unfinished developments. At Karox Homes, we reduce these risks by offering only legally verified properties and guiding our clients through full legal due diligence from start to finish.

Yes, foreigners can legally purchase property in Northern Cyprus, but there are specific limitations. Each foreign individual is allowed to buy one residential property (an apartment, villa, or a plot of land up to approximately 1,338 m²). All purchases require approval from the Council of Ministers. Shared-title arrangements or trustee agreements used to bypass the “one property rule” are no longer valid under current regulations. Additionally, every sales contract must be registered at the District Land Registry within 6 months; otherwise, the contract may become legally void.

Local bank mortgages are generally not available to foreign buyers. However, reputable developers offer flexible installment plans for off-plan or under-construction properties. These plans typically require a 30–50% down payment, with the remaining balance paid over 12 to 60 months, depending on the project.

When purchasing property in Northern Cyprus, buyers should expect several mandatory taxes and fees: • Stamp Duty: 0.5%–6% of the property price, depending on the value • Transfer Tax: payable upon registration at the Land Registry • VAT: 5% on new constructions • Legal Fees and Agent Commission: vary by transaction and service level Annual ownership costs are very low and typically limited to local municipal taxes and site maintenance fees where applicable.

Annual ownership costs in Northern Cyprus are generally very low. Homeowners typically pay: • Local municipal tax (a small annual fee) • Site maintenance or management fees, if the property is within a residential complex • Utilities such as water, electricity, and optional internet services There are no annual property taxes beyond basic municipal fees, making long-term ownership very affordable.

The new 2025 regulations allow property owners to apply for a 5-year renewable temporary residence permit without minimum income proof. The process requires: • Ownership proof or valid lease • Local health insurance • Police registration • Medical check Permit costs approx. 7,000 TRY/year (~€300–350) per applicant.

• Passport • Title deed or lease agreement • Police clearance certificate • Passport-format photos • Bank or financial proof • Health insurance receipt • Marriage/birth certificates for dependents (apostilled & translated)

Yes. Residence permits are not legally required for property purchase, but they are essential for longer stays. Owning property alone does not grant a visa extension beyond the initial 90-day tourist allowance.

Yes, resale demand is growing, particularly in coastal and city-center locations.

Foreigners can open bank accounts with proper documentation and residency status.

Yes, many companies offer full property management, including rentals, maintenance, and cleaning.

Northern Cyprus offers strong rental yields, growing demand, and relatively affordable prices.

Yes, with a residency permit, you can live in Northern Cyprus full-time.

The cost of living is generally lower than in Western Europe, especially for housing and daily expenses.

Yes, Northern Cyprus is widely regarded as a very safe place to live and invest. It has low crime rates and a strong sense of community. According to international safety listings referenced by the FBI, Cyprus is ranked among the safest countries in the world for populations under 5 million, reinforcing its reputation as a peaceful and secure destination.

Turkish is the official language, but English is widely spoken, especially in business and real estate.

Most properties are priced in GBP, EUR, or USD, and all transactions can also be completed using cryptocurrency.