Regions of Famagusta (Gazimagusa), Nicosia (Lefkosha), Kyrenia (Girne), Esentepe and İskele (Tricomo)
Today, the regions of Famagusta (Gazimagusa), Nicosia (Lefkosha), Kyrenia (Girne), Esentepe and Iskele (Tricomo) offer the following advantages for capital investments: low housing costs along the entire Mediterranean coast (from $2,000 for a 1+1), free offshore accounts in local banks (when purchasing real estate), free residence permits for the whole family, free parking areas, free barbecue areas, free sandy beaches, free first aid.
Ecology.
The region is famous for its ecologically clean sea, golden sandy beaches and fresh air, thanks to the absence of large industrial enterprises and factories, which creates ideal conditions for healthy and comfortable living. The country has been on the FORBES list since 2023 and has been highly rated for its environmentally friendly beaches, becoming a leader in the category ‘Best Areas for Coastal Real Estate Investment.’ One of the most famous areas is Long Beach in the Iskele region, which stands out for its long sandy natural beaches and shores, gentle entry into the sea and the cleanest water on the Mediterranean coast.
Currencies in active circulation.
There are four currencies in circulation in the country: British pounds sterling, US dollars, euros, and Turkish lira. Currencies are available throughout the country in shops, markets, shopping centres, and other services. All currencies in active circulation are accepted by local banks on equal terms. Banks offer a wide range of services for currencies, such as оpening accounts in four currencies, managing your own accounts from a mobile app, withdrawing cash without fees, transferring money to any country in the world, obtaining a bank card and using it in Europe and the United Kingdom, as well as obtaining loans secured by land title deeds.
Foreign education.
Education in the country is valued for the international recognition of diplomas by the European Association for Quality Assurance in Higher Education (ENQA) without additional accreditation in Europe and the United Kingdom. (ENQA), which attracts more and more foreign students and contributes to the high rental housing rate. Students from Russian-speaking countries receive a 50% discount for the entire period of study at any university, as well as the opportunity to receive grants after completing the first semester of their first year. All university educational specialties undergo annual and phased verification and confirmation by the European Association.
Medicine.
In 2024, the country's healthcare system continues to develop, offering both public and private medical services. The region has also established itself as a centre for medical tourism, offering affordable and high-quality services in areas such as reproductive medicine and cosmetology. For example, the international IVF centre has one of the highest success rates in the world for IVF procedures. Clinics and hospitals are equipped with the latest medical equipment and have staff trained in the United Kingdom.
Development of tourism infrastructure.
The continuous development of tourism infrastructure, including new resorts and hotels, contributes to a 40% increase in property values in resort areas. In recent years, tourist-oriented infrastructure has been actively developed. In 2025, several new hotel complexes and resorts were built and opened on the coast, which contributes to the region's attractiveness for foreign guests and tourists. In particular, the Iskele region is attracting attention thanks to new projects with luxury resorts. The additional opening of two new marinas in Iskele (Trikomo) and Esentepe in 2025 will lead to an additional 2.5% - 3.5% increase in demand for real estate in these regions.
Residence permit programme through investment.
There is a simplified procedure for obtaining a residence permit for foreign citizens who purchase real estate. A residence permit can be obtained after paying the initial deposit when purchasing real estate for any amount of money. There is no minimum threshold for the initial deposit. A residence permit can be obtained with a foreign passport and a signed contract of sale for any property after paying 35% of the property's value. An international passport and a certificate of no criminal record in the country of citizenship are also required for registration. The minimum purchase price for real estate with an initial payment is approximately €30,000. Persons over 60 years of age do not need a residence permit when purchasing real estate. Children under 18 years of age automatically receive a residence permit based on the residence permit of one of their parents.