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Demand for property in Northern Cyprus (Turkish Republic of Northern Cyprus, or TRNC) from foreign investors is continuously increasing. Content: A brief look at statistics Interesting facts FAQ "Is it worth buying property on the first line?" "If I buy a flat in Northern Cyprus, will it be comfortable to live there? And are the flats...
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Analysts began summarising the first three quarters of 2023 in October. Here are the key statistics. CONTENT: Overall figures In the provinces: unexpected leaders Here are the detailed results for the top 30 provinces in september 2023 Brief summary Land purchase What's the situation with rental prices? Renting in istanbul: focusing on...
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Continuing our series on the specific aspects of life in the context of buying property in the Turkish Republic of Northern Cyprus (TRNC). What's important to know for those looking to acquire property in the TRNC? Here's a brief overview of some key points not covered in previous articles. Content: The less obvious benefits of life in...
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CONTENT: Leading and lagging cities Mortgage transactions: 5,577 Other transaction categories: 88,184 Primary housing sales: 29,230 Secondary housing sales: 64,531 Sales to foreigners: 2,535 LEADING AND LAGGING CITIES According to official data published by the Turkish Statistical Institute (TÜİK), the number of residential units sold...
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Residents in Turkey are facing a challenging autumn with updates in regulations and laws. However, it's common for legislation to be regularly updated in most countries. Being well-informed in advance can help minimise both time and financial costs. Content: Residence permit by property ownership (TAPU): rumours and reality Mobile phone...
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Despite the closure of several Turkish districts for residency permits and the increase in the minimum investment for citizenship from $250,000 to $400,000, there haven't been many significant changes in the past year and a half. However, there have been numerous small but impactful updates, particularly in compliance with Turkish laws. Let's...
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The Turkish Statistical Institute (TÜİK) reports that the volume of housing transactions decreased by 9.5% compared to September of the previous year, with a total of 102,656 homes being sold in the month. Content: Top cities and laggards Mortgage sales: 8,446 Other transaction categories: 94,210 New-build home sales: 30,488 Second-hand...
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In August, analysts not only sum up the results of the first half of the year, but, considering the data for July and often observing a frequent summer uptick in transactions, begin to forecast the year's outcomes. However, let's start with the latest statistics: Content: Key mid-year facts Top-30 provinces with the highest number of housing...
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Attention from worldwide investors is now drawn to Northern Cyprus. Despite being "unrecognized," the Turkish Republic of Northern Cyprus (TRNC) is rapidly gaining popularity in terms of housing purchases. Unlike many countries currently facing high interest rates and recession, Northern Cyprus's real estate market is fairly independent of the...
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In Turkey, you can buy housing in different price segments. Previously, many foreign buyers preferred either the most low-budget apartments or the most spacious beachfront real estate units at a resort (or even several properties at once), which allowed them to obtain citizenship through a simplified procedure for investing at least $400,000 in...
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