Rule · superseded
Under the law as amended in 2024, a foreign natural or legal person may buy one immovable property with Council of Ministers permission: either land of up to 1,338 m² suitable for a building permit on which only one dwelling may be built; or one apartment (up to three apartments for citizens of states that recognise the TRNC and grant reciprocal rights); or a detached house on land of up to 3,300 m² on which no further dwelling may be built.[1]
Practical implication
These are the limits written into the law. While a decree with force of law is in force they are displaced by the decree’s wider limits; check which instrument applies on the day you contract.
Applies to
- Who:
- Other foreign nationals · Citizens of states recognising the TRNC with reciprocal rights
- Property type:
- Land plot · Apartment · Detached house