North Cyprus Real Estate Market Bucking European Trends Despite High Mortgage Rates The real estate market in North Cyprus has been growing steadily over the past few years, despite concerns about high mortgage rates and the banking sector. While many European countries are facing a slowdown in house sales due to high mortgage rates and a tightening of lending standards, the North Cyprus real estate...

Opening a bank account in Northern Cyprus can be a straightforward process, provided you have the necessary documentation and information ready. Here are the documents you will need to bring with you when opening a bank account in Northern Cyprus: A valid form of identification: This can be a passport or a government-issued ID card....

Villas for sale in Northern Cyprus - Modern vs Resale villas Looking to buy a villa in North Cyprus? While you may have already decided on the size, features, and budget, have you given much thought to the style or design of the villa you prefer? The type of interior and exterior villa style you choose can reflect your personality, how you want to live, and your desired surroundings. That's why it's...

Immovable Property Commission in Northern CyprusNorthern Cyprus is home to a wealth of beautiful properties, both residential and commercial. However, for a long time, the ownership of these properties was in question due to the political situation on the island. Thankfully, this situation has been addressed through the establishment of the Immovable Property Commission (IPC) under the Immovable Property...

North of Cyprus - Turkish Republic of Northern Cyprus Northern Cyprus, also known as the Turkish Republic of Northern Cyprus, is a self-declared state located on the northern part of the island of Cyprus. It is considered by the international community as an occupied territory of the Republic of Cyprus, but it has its own government, currency, and culture. Despite its status, Northern Cyprus is a unique...

Is North Cyprus becoming new Dubai in Mediterranean? In recent years, North Cyprus property market has seen a significant surge in its property market, leading some to speculate whether the region is on track to become the next Dubai. While the comparison may be a bit premature, there is no denying that the property market in North Cyprus has experienced a massive transformation over the past 12...

How to buy a house in Northern Cyprus? Buying a house in Northern Cyprus can be a great investment opportunity, given the country's unique location, rich culture, and thriving real estate market. However, the process can be a bit complicated, especially if you're not familiar with the country's legal and regulatory framework. In this article, we will walk you through the steps involved in buying a house...

How real estate platforms change real estate industry Real estate platforms have significantly changed the real estate industry, transforming the way people buy, sell, and rent properties. Here are some of the ways that real estate platforms have changed the real estate industry: Increased Accessibility and Convenience Real estate platforms have made it easier for people to access...

What is North Cyprus currency? The currency used in North Cyprus is the Turkish lira (TRY). As North Cyprus is not recognized by the international community as a separate country, it does not have its own currency. Instead, the Turkish lira is used as the official currency of the Turkish Republic of Northern Cyprus (TRNC), and it is widely accepted across the region. It is worth noting that...

The Turkish Republic of Northern Cyprus (TRNC) is a self-declared state located on the northern part of the island of Cyprus. The TRNC was established in 1983. The TRNC is recognized by Turkey and a few other countries, but it is not recognized by the United Nations or the international community. As a result, the TRNC faces economic isolation and political challenges. Despite its international...