The Turkish Republic of Northern Cyprus (TRNC) has become a significant real estate market for both domestic and foreign investors in recent years. The island’s strategic location, tourism potential, and developing infrastructure ensure consistent rental income and long-term appreciation in real estate investments. In this article, we explore how to make sustainable, foreign currency-based investments in Northern Cyprus through the TapuPayla shared ownership model.

Foreign Currency Based Rental Income

Lease contracts in the TRNC real estate market are generally concluded in British Pounds (GBP). This provides investors with protection against fluctuations in the Turkish Lira and offers the opportunity to generate income in a fixed currency. Apartments in tourist areas, in particular, achieve high occupancy rates for both short- and long-term rentals, ensuring a stable rental flow.

Value Increase Potential

Real estate prices in Northern Cyprus have increased steadily over the last five years. New development projects, university campuses, tourism investments, and growing foreign interest are all contributing to upward movement in housing prices, even in sterling terms. This provides investors with not only rental income but also capital appreciation.

The Advantage of Shared Ownership with TapuPayla

The TapuPayla model allows a property to be divided into as many shares as legally divisible, and each shareholder is officially registered on the title deed. This system allows:
– Owning real estate in Northern Cyprus requires lower budgets.
– Membership fees and maintenance costs are shared among the stakeholders.
– Rental income and sales revenue are distributed according to the official share ratio.
– Notarized contracts ensure transparency and security throughout the entire process.

Conclusion

Northern Cyprus continues to be an attractive market for real estate investors, thanks to its potential for foreign currency-denominated rental income and appreciation. TapuPayla’s shared ownership model offers investors a lower-cost, safer, and more flexible way to enter the market. This allows investors to both earn regular income in British pounds and grow their portfolios by capital appreciation.