Foreigners now are allowed to buy more houses in North Cyprus

Good news for real estate market!

Minister of Inner affairs Mr. Ayşegül Baybars said that they are currently working on the overcoming he economic downturn in the country.

Taking into consideration that the part of the incomes are brought by the foreigners who come to the North Cyprus to buy property, Mr. Aysegul Baybars explains that they are going to increase the number of houses that are permitted to buy by the foreigners from 1 to 2 pieces and number of apartments from 1 to 3 pieces. It is important that the number will rise only in vertical growth that will help to protect the territorial integrity of the country.

He said that the work is scheduled to be completed by the end of next week and later it will be passed to the Council of Ministers.