Buying an Apartment in Northern Cyprus – Your Complete Guide by Zypern Real Estate
In recent years, more and more international buyers are looking to buy an apartment in Northern Cyprus. The reasons are obvious: beautiful beaches, over 300 days of sunshine each year, affordable real estate prices in Northern Cyprus, and a growing market that attracts both investors and lifestyle buyers.
At Zypern Real Estate, we are independent real estate consultants. We do not sell apartments directly but guide you through the entire process: from choosing the right location to price negotiations, legal checks, and safe ownership transfer.
Why Buy an Apartment in Northern Cyprus?
Purchasing a property in Northern Cyprus comes with a number of advantages:
- High quality of life: Mediterranean climate, crystal-clear waters, and a relaxed lifestyle.
- Affordable real estate prices: Compared to Southern Cyprus, Spain, or Greece, apartments in Northern Cyprus are much cheaper.
- Strong investment potential: Ongoing infrastructure projects, increasing tourism, and international demand are driving prices up.
- Rental opportunities: Holiday rentals near the coast and student rentals in university cities provide solid rental income.
For many buyers, a condo or apartment in Northern Cyprus is the perfect mix of lifestyle and investment.
Real Estate Prices in Northern Cyprus
The real estate prices in Northern Cyprus depend on size, location, and property type. Here’s a rough overview:
1-bedroom apartments: €60,000–€80,000
2-bedroom apartments: €90,000–€130,000
3-bedroom apartments: €140,000–€200,000
Luxury penthouses & sea-view properties: starting from €250,000
Key factors influencing prices include:
Location: Sea-view and beachfront apartments are significantly more expensive.
Property type: New developments often come with higher prices but modern amenities such as pools, gyms, and concierge services.
Region: Kyrenia and Iskele (Long Beach) are more expensive than Famagusta.
Compared to other Mediterranean destinations, apartments in Northern Cyprus remain much more affordable – while demand is on the rise.
Popular Regions to Buy an Apartment in Northern Cyprus
If you’re considering buying property in Northern Cyprus, these areas are the most popular:
Kyrenia (Girne) – A lively coastal city with a marina, nightlife, and a strong expat community.
Famagusta (Gazimağusa) – University town with strong rental demand from international students.
Iskele (Long Beach) – A booming holiday region with resorts, sandy beaches, and growing popularity among foreign buyers.
Nicosia (Lefkosa) – The capital city, interesting for long-term investors and professionals.
Choosing the right region is crucial, depending on whether you want a holiday apartment, rental investment, or retirement home.
Legal Aspects of Buying an Apartment in Northern Cyprus
Foreigners can buy property in Northern Cyprus, but the process comes with specific rules:
- Ownership Titles: There are different types of land titles (Freehold, Leasehold, TRNC Title, Exchange Title). A careful check is essential.
- Purchase Permit: Foreign buyers must obtain permission from the TRNC Council of Ministers. This usually takes a few months but is rarely denied.
- Contract of Sale: A sales agreement should always be reviewed by an independent lawyer.
- Payment Terms: Developers often offer installment plans, making it easier for buyers.
At Zypern Real Estate, we ensure that the purchase process is smooth, transparent, and legally secure.
Buying with Zypern Real Estate – Why Choose Us?
Our role is simple: to help you find the best apartment in Northern Cyprus while protecting your interests.
- Independent consulting – We are not agents, so we work only for you.
- Multilingual service – We advise in German, English, Russian, Turkish, Arabic, and Persian.
- Legal safety – We guide you through contracts, permits, and negotiations.
- Local network – We work with trusted developers, lawyers, and financial advisors.
Frequently Asked Questions (FAQ)
What are the additional costs of buying an apartment in Northern Cyprus?
When purchasing a property, buyers should budget around 7–10% of the purchase price for additional costs. These include:
Stamp duty (0.5–0.6%)
VAT on new properties (5%)
Title transfer fees (around 3%)
Lawyer’s fees (€1,000–€1,500)
Registry and administrative charges
Can foreigners buy apartments in Northern Cyprus?
Yes. Foreign buyers can purchase property, but they need approval from the TRNC Council of Ministers. Officially, one person can own one property; additional properties are possible via companies or family members. Since there are different title types, legal checks are essential.
Is buying property in Northern Cyprus a good investment?
Yes. The market is growing, prices are rising, and demand for both rentals and ownership is strong. Holiday rentals near the coast and student rentals in Famagusta provide good yields, while long-term value appreciation is highly likely.
Are financing options available for foreign buyers?
Yes, but not as in Western Europe. Many developers offer installment payment plans (e.g., 30–40% down payment, the rest over 5–7 years). Some banks provide mortgages, but with stricter terms. Many buyers prefer to pay cash due to lower prices compared to Europe.
Start Your Journey to a Home in North Cyprus
Buying an apartment in Northern Cyprus is an excellent opportunity – whether for lifestyle, retirement, or investment. Affordable prices, strong rental demand, and growing international interest make the market attractive. With Zypern Real Estate, you get an independent consultant who ensures a safe, transparent, and profitable purchase. Contact us today for a free consultation and let us help you find the perfect apartment in Northern Cyprus.