Are you looking to buy a dream property next to the Mediterranean coast? Have you been asked the price of an apartment in North Cyprus?
A shining jewel in the Mediterranean Sea, with stunning sandy beaches, crystal clear turquoise waters, and a rich history, Northern Cyprus is an earthly paradise for investment and living. On this beautiful island, you can find an ideal combination of Mediterranean tranquility, authentic culture, and excellent investment opportunities.
But let’s face the reality, the first thing on every property buyer’s mind is the price of apartments in North Cyprus. This magic number that determines the amount of your investment. The good news is that apartment prices in Northern Cyprus are much more reasonable than in other coastal areas of Europe.
What is the reason for this? Northern Cyprus is still developing, so real estate prices remain affordable. However, this does not mean that the quality of the properties is low. On the contrary, in North Cyprus you can find luxury and modern apartments with great amenities at a reasonable price.
Now let’s dig a little deeper into the price of apartments in North Cyprus. Several factors affect the final price of your apartment. In this section of the article, we will examine these key factors to get a better view of the costs you face.
Determinants of apartment prices in North Cyprus
1. Location:
As anywhere else in the world, the location is one of the most important factors determining the price of an apartment in North Cyprus. Apartments located in coastal areas or close to entertainment and tourist centers naturally have higher prices. On the other hand, apartments that are located in distant areas or with less access to amenities have a lower price.
2. Type of apartment:
The size, the number of rooms, the type of materials used, and the amenities of the apartment all affect the price of the apartment in North Cyprus. In general, larger apartments with more rooms, higher quality materials, and more amenities cost more.
3. Type of document:
In Northern Cyprus, there are two types of property documents: Turkish and foreign documents. Apartments with a Turkish deed generally have a higher price than apartments with a foreign deed. The reason for this is that the Turkish document entitles you to the citizenship of Northern Cyprus and brings you more benefits.
4. Demand and supply:
The general rule in the real estate market is that the higher the demand for an apartment, the higher the price. Likewise, if there are too many apartments in an area and there is little demand for them, prices will naturally fall.
5. Market fluctuations:
As in any other market, apartment prices in North Cyprus can also be affected by market fluctuations. Factors such as inflation, exchange rates, and political and economic conditions can affect real estate prices.
Apartment prices in North Cyprus are approx
Considering all these factors, apartment prices in North Cyprus can vary significantly. However, in general it can be said that:
One-bedroom apartments in non-coastal areas start at €30,000.
Two-bedroom apartments in non-coastal areas start at €45,000.
One-bedroom apartments in coastal areas start at €50,000.
Two-bedroom apartments in coastal areas start at €70,000.
Of course, these are only approximate prices and the final price of your apartment depends on the various factors mentioned above.
How to find the right apartment in North Cyprus?
Considering the variety of apartments in North Cyprus, finding the right apartment can be challenging. Therefore, we recommend that you get the help of a reputable real estate agent to buy an apartment in North Cyprus.
Kargar Consulting and Investment Company, with more than 14 years of experience in buying and selling property in North Cyprus and investing in North Cyprus, can help you find your ideal apartment at the right price.
Considering your needs and budget, our specialists will introduce you to the best apartments and will be by your side in all stages of the purchase, including negotiating with the seller, obtaining the necessary permits, and doing legal affairs.
For more information about apartment prices in North Cyprus and conditions for buying property in this country, you can contact our experts at Kargar Consulting and Investment Company.
Examples of apartment prices in North Cyprus:
To better understand apartment prices in North Cyprus, here are some examples of real apartment prices in the country:
One-bedroom apartment in the non-coastal area:
Size: 60 square meters
Price: 35,000 euros
Facilities: one bedroom, one bathroom, kitchen, reception, balcony
Two-bedroom apartment in the coastal area:
Size: 80 square meters
Price: 68,000 euros
Facilities: two bedrooms, two bathrooms, kitchen, dining room, balcony, swimming pool
Penthouse apartment in the city center:
Size: 120 square meters
Price: 150,000 euros
Facilities: three bedrooms, two bathrooms, kitchen, living room, balcony, terrace, city view
Note: These are just examples of apartment prices in North Cyprus and the final price of your apartment can depend on many factors.
Advantages of buying an apartment in North Cyprus:
In addition to the reasonable price of an apartment in North Cyprus, there are other advantages to buying an apartment in this country, which include:
Mediterranean climate: Northern Cyprus has a Mediterranean climate with hot and dry summers and mild and rainy winters.
Beautiful beaches: Northern Cyprus has beautiful sandy beaches and clear turquoise waters that are ideal for swimming and recreation.
Low cost of living: The cost of living in Northern Cyprus is significantly lower than in other European countries.
High security: Northern Cyprus is a safe country with a low crime rate.
Low taxes: Income tax in Northern Cyprus is 10%.
Easy access to Europe: Northern Cyprus is easily accessible by air and sea to other European countries.
Rich culture: Northern Cyprus has a rich history and culture that has been influenced by different civilizations such as Greek, Roman, and Ottoman.
Warm-hearted people: The people of Northern Cyprus are known for their hospitality and warm-heartedness.Why choose Kargar Consulting and Investment Company to buy an apartment in North Cyprus?
Background and experience: Kargar consulting and investment company with more than 14 years of experience in buying and selling property in North Cyprus will be the best consultant for you in this field.
Expertise and knowledge: Our experts are fully aware of all the apartment prices in North Cyprus and the conditions of buying property in this country and can introduce you to the best apartment according to your needs and budget.
Comprehensive services: We take care of all the stages of buying an apartment in North Cyprus, including negotiating with the seller, obtaining the necessary permits, and conducting legal affairs.
Commitment to honesty: Honesty and transparency are at the forefront of our work and we always try to provide the best services to our customers.
Make your dream of living in your ideal apartment in North Cyprus a reality by choosing Kargar Investment and Consulting Company.
For more information about apartment prices in North Cyprus and conditions for buying property in this country, you can contact our experts at Kargar Consulting and Investment Company.
Tips for buying an apartment in North Cyprus:
If you are planning to buy an apartment in North Cyprus, pay attention to the following points:
Before you buy, do your research: research apartment prices in Northern Cyprus, the conditions for buying property in the country, and the different areas of Northern Cyprus.
Consult a reputable real estate agent: A reputable real estate agent can help you find the right apartment at the right price.
Visit the flat: Before buying the flat, make sure to visit it and check it thoroughly.
Pay attention to all the details of the contract: Before signing the purchase contract, read all the details carefully and ask your real estate agent if you have any questions.
Use a lawyer: To ensure that the legal process of buying an apartment is done correctly, you can take the help of a lawyer.
last word
Northern Cyprus, the sparkling jewel of the Mediterranean, with its stunning sandy beaches, crystal clear turquoise waters, and rich history, offers an ideal opportunity for investment and seaside living. On this beautiful island, you can find luxury and modern apartments with great amenities at a reasonable price and enjoy many benefits such as the Mediterranean climate, high security, low cost of living, and easy access to Europe.
Apartment prices in Northern Cyprus are significantly lower than in other coastal areas of Europe. Factors such as location, type of apartment, type of document, supply and demand, and market fluctuations affect the price of apartments in North Cyprus. However, in general, one-bedroom apartments in non-coastal areas start at €30,000 and two-bedroom apartments in coastal areas start at €70,000.
See more: Buying an apartment in North Cyprus
With more than 14 years of experience in buying real estate in North Cyprus, Kargar Consulting and Investment Company can help you find your ideal apartment at a reasonable price. Our experienced experts will introduce you to the best apartments, considering your needs and budget, and will be by your side in all stages of the purchase, including negotiating with the seller, obtaining the necessary permits, and doing legal affairs.
Why choose Kargar Consulting and Investment Company?
Brilliant history and experience
Complete expertise and knowledge in the field of apartment prices in North Cyprus and conditions for buying property in this country
Providing comprehensive services and full support in all stages of purchase
Commitment to honesty and transparency
Providing free advice
Make your dream of living in your ideal apartment in North Cyprus a reality by choosing Kargar Investment and Consulting Company.
10 frequently asked questions about apartment prices in North Cyprus with answers
1. Which areas of Northern Cyprus have the lowest apartment prices?
The lowest apartment prices in North Cyprus are generally located in non-coastal areas and far from entertainment centers. For example, you can find apartments for 30,000 euros in cities like Kargia or Lapeta.
2. How much does it cost to buy an apartment with a property deed compared to a rental deed?
The price of an apartment with a property deed is significantly higher than an apartment with a lease deed. This is because a title deed gives you full ownership of the apartment, while a lease deed only gives you the right to use the apartment for a limited period of time.
3. What factors increase or decrease the price of apartments in North Cyprus?
Several factors affect the price of an apartment in North Cyprus, including:
Location: Apartments located in coastal areas or close to entertainment and tourism centers naturally have a higher price.
Type of apartment: size, number of rooms, type of materials used, and amenities of the apartment, all affect the price of an apartment in North Cyprus.
Type of document: Apartments with a Turkish document generally have a higher price than apartments with a foreign document.
Demand and supply: The higher the demand for an apartment, the higher its price.
Market Fluctuations: Market fluctuations such as inflation, exchange rates, and political and economic conditions can affect apartment prices in North Cyprus.
4. What is the average price of buying a one-bedroom apartment in North Cyprus?
The average purchase price of a one-bedroom apartment in Northern Cyprus is around 60,000 euros. Of course, this price can vary depending on various factors such as location, type of apartment, and market conditions.
5. What are the conditions for obtaining residence by buying a property in North Cyprus?
In order to obtain residence by purchasing a property in Northern Cyprus, you must meet certain conditions. In general, you should buy an apartment for at least 350,000 euros and keep it for 3 years. You must also prove that you have enough income to live in Northern Cyprus.
6. Is buying an apartment in North Cyprus a safe investment?
As one of the growing tourism destinations in the region, Northern Cyprus has a high potential for increasing real estate prices. However, as with any investment, there is no guarantee of profitability. Before buying an apartment in North Cyprus, you should do your research and be fully aware of the risks.
7. What are the additional costs of buying an apartment in North Cyprus (taxes, maintenance, etc.)?
In addition to the price of an apartment in North Cyprus, you should also consider additional costs such as property taxes, HOA fees and utility costs. These costs can be about 2-3% of the apartment price per year.
8. How do the prices of apartments in coastal and non-coastal areas of Northern Cyprus compare?
Apartment prices in coastal areas of Northern Cyprus are significantly higher than non-coastal areas. This price difference is due to high demand for apartments in coastal areas and limited resources.
9. Is it possible to buy an apartment in installments in North Cyprus?
Yes, it is possible to buy an apartment in installments in North Cyprus. Some apartment builders and sellers offer installment payment plans with different terms.
For more information about apartment prices in North Cyprus and conditions for buying property in this country, you can contact our experts at Kargar Consulting and Investment Company.
