Northern Cyprus has become increasingly popular as a place to purchase real estate, this is particularly so in the area around Kyrenia where the seascape and mountains provide views that are not surpassed anywhere.

This investment provides the keystone of the local economy and is welcomed by both the government and local populace.

The market provides the opportunity to acquire a home for either holiday or permanent residence and Kyrenia is proving particularly attractive as a retirement base.

There is a market for letting both for holidays and the longer term. Local taxation does not apply to earnings and pensions originating outside the TRNC, tax on local income is 15% while local authority and utility charges are low. Because there are differing categories of property and title the advice of a reputable estate agent is strongly recommended and the services of an independent solicitor will both confirm the advice given by that estate agent and obtain the necessary approvals from government.

Land measurement is the Donum (14400 square feet or approximately one third of an acre) and the evlek, which is one quarter of a donum.