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Statutory cap on foreign ownership within one parcel

Rule record · last verified 14 September 2026

Rule

Under the law, where apartments are bought, more than half of the properties on the same parcel may not be bought by foreigners who are first-degree relatives of each other or of the same nationality, and at least twenty per cent of housing projects in development areas may be sold to TRNC citizens and to citizens of recognising states.[1]

Practical implication

While a decree with force of law is in force, the rule is that at most eighty per cent of such projects may be sold to foreigners.

Applies to: Apartment

Legislation · Turkish Cypriot administration (TRNC) · Immovable Property Acquisition and Long-Term Lease (Aliens) Law, Article 8(10); penalty in Article 16(5) · in force from 21 May 2024 · last verified 14 September 2026 · rule record

Where this rule comes from

Jurisdiction
Turkish Cypriot administration (TRNC)
authority
Assembly of the Republic (Cumhuriyet Meclisi), TRNC
Instrument
Immovable Property Acquisition and Long-Term Lease (Aliens) Law, No. 52/2008, consolidated with amending Law 39/2024, Article 8(10); penalty in Article 16(5)
Basis
Legislation · asserted by us within this jurisdiction
Verification
Primary source verified
in force from
21 May 2024
until
open

Regulatory events

History of this rule

  • — First encoded from the primary text. (version 1, initial)

Sources for this rule

Numbered in order of first use. Each entry names the kind of source it is and the day we read it.

  1. [1]
    Immovable Property Acquisition and Long-Term Lease (Aliens) Law, No. 52/2008, consolidated with amending Law 39/2024

    Central Legislation Office, TRNC · Legislation and gazettes · 10 November 2008 · original in Turkish · accessed 14 September 2026 · register entry

Identifier statutory-same-parcel-cap · Open data · challenge this rule