North Cyprus real estate has been going from strength to strength over the last few years, becoming a beacon of value and ROI for investors. The reasons for this go beyond the island’s natural beauty, with factors including tax benefits, infrastructure development, a youthful and scholarly population, and North Cyprus’ location also being big factors contributing to its status.
Having bounced back impressively from the pandemic-induced downturn, the thriving North Cyprus property scene should catch the attention of any serious investor, whether they are looking to spend time living on the beautiful island, see a return through placing your property on the rental market, or both. The luxury and residential real estate markets in the island’s north are among the most attractive in the Mediterranean, Europe, and beyond.
Below, we delve into the ins and outs of this burgeoning investment paradise.
In 2025, the Cyprus real estate market has been valued at US$123.01 billion, with residential properties accounting for US$95.89 billion according to statistics gathered by Statista, who also project a compound annual growth rate (CAGR) of 3.51%. This sustained growth would result in a market value of US$141.19 billion in 2029.
These figures are particularly eye-catching considering the size of the island and can be attributed to much more than the attractiveness of the beaches that run along the nation’s northern coastline.
North Cyprus has been showing robust growth alongside stability in recent years (2023 and 2024), indicating a strong future rather than uncertainty. As popular, established areas became more populated, new areas of development have seen increased interest, proving the allure of North Cyprus as a whole, which is due to factors such as developing infrastructure.
Value is top of mind when they are looking to relocate. Not only in the property they are considering, but in the cost-of-living vs quality of living in the country, city or town they may soon be calling home. In this regard, North Cyprus real estate outpaces its neighbors.
North Cyprus boasts:
Arguably the most popular city of North Cyprus, Kyrenia is the region’s gorgeous hub for tourism and urban activity. The old and the new exist in glorious harmony here, with no better example of this than how the remains of Kyrenia Castle stand guard over the modern yachts moored in the harbor.
The cosmopolitan and laid-back lifestyle of Kyrenia makes it a favorite among both residents and visitors. It should come as no surprise then that Kyrenia is a very popular place for buyers to find North Cyprus property for sale.
Property prices in Kyrenia:
Famagusta has a palpable air of tradition and community. It sits on Cyprus’ northeastern coastline and features the 14th century Othello Castle. A major contributor to its vibrancy is its proximity to three prominent universities. The student population, estimated at over 100,000, brings a youthful atmosphere to this historic city.
Property prices in Famagusta:
Iskele is a district known for its resort atmosphere, modern developments, and stunning beaches like Long Beach. It hosts several major real estate projects by Afik Group, such as Caesar Resort & Spa, Caesar Blue, and Caesar Palm Jumeirah.
Property prices in Iskele:
Esentepe is ideal for those seeking a lifestyle close to nature. With access to hiking, swimming, and golf, it offers tranquility and outdoor activities. It's popular with expats and is home to Afik Group’s Caesar Cliff development.
Property prices in Esentepe:
What North Cyprus’ real estate market does for investors is present a combination of benefits that most nations cannot match. Its property value alone is enough to warrant consideration. When the country’s location and bright future are brought into the equation, the prospects of investing in property there are a cut above the rest.
Afik Group has vast experience developing properties in North Cyprus that put residents in some of the region’s prime locations while also delivering exceptional on-site leisure and convenience.
To learn more about Afik Group’s existing and upcoming properties, visit our website.