Overview of key regions of the TRNC for investment
The Turkish Republic of Northern Cyprus (TRNC) has attracted the attention of expats and businesspeople for many years. Affordable real estate, high rental yields, international education, and natural surroundings make the island appealing both for living and for investment. This article helps you familiarize yourself with the main regions and understand which one best suits your goals.
Famagusta
A stronghold of education and family infrastructure. The city is known for its three universities, schools in English and Turkish, kindergartens, and popular residential complexes along the Mediterranean coast. The constant inflow of students creates stable demand for apartment rentals, while expats can choose from a wide range of properties, including villas with private pools and gardens.
The area offers numerous historical landmarks, cinemas, restaurants, shopping centers, and marine activities, including the Venetian harbor. Campus expansions and a new marina are expected in the future, supporting further price growth.
Kyrenia (Girne)
Premium real estate and a constant flow of tourists. This region is considered the most attractive for travelers due to its unique landscapes and proximity to both the sea and the mountains. Scenic views, authentic culture, ancient fortresses, a museum of ancient ships, a historic port, and traditional low-rise architecture attract many foreign buyers. Kyrenia is the most expensive area in the TRNC, yet it still offers opportunities for student rentals alongside luxury coastal villas. Profitability here is above the island average, while high occupancy and stable income make the region a secure investment choice.
Iskele
Five-star tourism and golden beaches. Thirty kilometers of sandy coastline have made this area a favorite among island visitors. Modern luxury complexes with spa centers are built here at prices lower than in Kyrenia or the southern part of the island, often with attractive developer installment plans.
The community offers a calm and relaxed lifestyle, while infrastructure is developing rapidly. This region is ideal for short-term tourist rentals and suits investors seeking a balance between affordability and asset growth potential.
Nicosia (Lefkosa)
The capital in the heart of the island. It is the center of economic, administrative, and cultural life in the region. The only drawback is the lack of direct access to the sea. However, the Venetian architecture of the Old City and modern districts with shopping centers, international schools, clinics, and offices can be more appealing to many than beach living. This is confirmed by year-round rental demand from students, civil servants, and expats. Property prices here are generally lower than on the coast, reducing the entry threshold for investors while maintaining predictable and stable income.
Guzelyurt (Morphou)
Orange groves and the Temple of Aphrodite. A city with a rich history rooted in antiquity. Today it is known for agriculture, an annual citrus festival, and universities. The region is developing intensively, attracting new developers, entrepreneurs, and tourists. There is potential for significant price growth, as the area is at the beginning of its development phase.
Time to act
The TRNC offers investors a rare combination of affordable prices, steady real estate value growth, and high returns. Additional advantages include the opportunity to obtain residence permits, access to international education, and exceptional natural surroundings. The choice of region depends on priorities: student rentals in Famagusta, seasonal tourist income in Iskele or Kyrenia, stable long-term leasing in Nicosia, or an emerging market with rapid growth potential in Guzelyurt.
To determine what suits you best, consult professional brokers with in-depth market knowledge who are ready to assist at every stage of the transaction.
