TRNC tightens property sales amid foreign buying surgeRecent geopolitical developments and regional dynamics have renewed international interest in the TRNC. Property sales are now processed at the land registry office instead of law firms. Restrictions on foreign land purchasesThe TRNC Parliament has also revised regulations on foreign investment in land. Easier purchases for Turkish citizensViewing foreign property sales as a strategic risk, the TRNC government has facilitated increased investments by Turkish citizens. Attractive for investment and residencyIndustry experts categorize TRNC property buyers into 2 groups: investors and residents.

Source: Forbes June 16, 2024 10:58 UTC