What are the living expenses and real estate options in Northern Cyprus?

Unique characteristics of living expenses and real estate in Northern Cyprus

The costs of living and purchasing real estate in Northern Cyprus have their specific characteristics. Many property owners and construction companies are actively seeking ways to attract clients by offering favorable conditions for transactions. For example, new properties can be purchased through installment plans, with terms ranging from two to ten years. In the first years of such installments, interest is usually not applied, and subsequently, the interest rate is comparable to that of a loan, ranging from 6% to 9%.

Housing prices

If we analyze housing prices, they can start from€30,000for studio apartments in Northern Cyprus. The most affordable options can be found in cities like Iskele and Esentepe, while apartments in Famagusta and Kyrenia will be more expensive. For example, in Kyrenia, finding accommodation near the sea for less than€45,000-€50,000It can be difficult.

Advantages of ready-made housing

One of the main attractive aspects of purchasing real estate in Northern Cyprus is the readiness of the housing for immediate occupancy. This means that the finishing work is completed, and there is kitchen furniture, built-in wardrobes, and plumbing fixtures in place. All you will need to do is purchase any additional furniture and appliances. If you are interested in rental offers, you can check out examples of apartments in the relevant section.

Real estate rentals

• In the center of Kyrenia, you can pay around for a two-bedroom apartment.€450-€500.
• In less central areas, the cost varies from€350 to €400.
• One-bedroom apartments cost around€250-€300and studios start from€150.

Please note that landlords often require an advance payment for rent for a period of two to four months, as well as a security deposit. In most cases, expenses for services such as electricity, water, and gas are deducted from this deposit throughout the entire duration of the stay. As in most countries, long-term rentals are cheaper than short-term ones.

Utility costs

As for utility costs in Northern Cyprus, they are generally below the European average and include several main items. For example, for an average-sized apartment occupied by two people, the water bills average around€8 to €11per month.

Gas cylinders are most commonly used for heating and cooking. One cylinder typically lasts about three months and costs around€22Electricity in this region is expensive because it is not generated locally, and there is no centralized heating in the buildings. However, due to the large number of sunny days, many modern homes are equipped with solar panels, which significantly reduces electricity bills. Otherwise, in the absence of alternative energy sources, electricity costs can vary from€30 to €50per month. If the apartment uses an electric stove and a boiler for heating water, then the initial costs may increase to€50-€60for a one-room apartment and up€70-€80for a two-room apartment.

Maintenance of the adjacent territory

The expenses for maintaining the adjacent territory depend on the type of residential complex. If there are no services such as tennis courts, swimming pools, or gyms on the premises, the maintenance costs are about€15per month.

Conclusion

Thus, life and real estate rental in Northern Cyprus offer many advantageous opportunities and nuances that should be considered when making decisions about purchasing or renting a home.

Utilities

For the specified amount, the management company takes on the responsibilities of waste disposal, maintaining order, and lighting the area. If you are a resident of a modern residential complex that requires regular pool cleaning, maintenance of tennis courts, and monitoring of equipment condition, then the cost of utilities can range from€60to€70.

As for the local tax, its amount can vary from€50to€170per year; the final decision is made by local authorities depending on the characteristics of the region and the specific features of the house.

Cost of the internet

As for the internet, the average price for an unlimited plan is around€50per month. Thus, the total utility expenses for a small apartment in a typical residential complex can amount to€65to€80per month.

Usually, the maintenance fee for the area and the local tax are already included in the rental cost, which helps reduce the tenant's expenses to a certain range.€45-60...not counting the internet. As a result, total expenses can reach around...€100per month.

Nutrition and its cost

Now let's discuss food and clothing. Prices for food in Northern Cyprus are noticeably lower than in Russia, while the quality is much higher. This is especially evident in the case of:

• fruits
• vegetables
• fish

On the shelves of local supermarkets and markets, you can find fresh and diverse vegetables and fruits all year round. The island's climate is conducive to growing a variety of crops, and local farmers often avoid using chemicals. Therefore, you can be confident that you are purchasing natural and healthy products.

Product range

Local supermarkets offer a wide range of products, including:

• sour cream
• herring
• dumplings
• dumplings
• sausages
• pâtés
• cereals
• lard

However, there are some exceptions, such as:

• kefir (instead, there is ayran)
• cottage cheese (also known as "northern cheese")
• black bread (mainly white and gray)

Overall, the selection of dairy products is not as extensive as in Russia, and prices may be slightly higher. However, the variety of alcoholic beverages here is quite diverse.

Meat products

Frozen meat is not very popular in this region: you can always find fresh beef and chicken in the stores. Pork is also available, but it is usually located in the more remote parts of the store or displayed in specialized sections to avoid offending the local Muslims. You can always find fresh fish and seafood, where "freshness" in the local understanding means that the product was caught just a few hours ago.

Supermarkets

One of the most well-known chains in Northern Cyprus is Lemar. These supermarkets offer a wide selection of fresh products and an extensive range of culinary items. When visiting the Lemar shopping areas, you can also check out the cinema.

Another major chain is Starling, which delights customers with a variety of products comparable to Lemar.

Nevertheless, if you are interested in imported products, it's worth checking out Tempo's stores. This chain is known for its wide selection of interesting desserts and beverages. Finally, the small Bektas supermarkets offer all the essential goods and are distinguished by the freshness of their products. As you can see, the variety and quality of shopping here are at a high level.

Grocery shopping in Northern Cyprus

In Northern Cyprus, many residents and tourists prefer to buy vegetables and fruits in supermarkets. Here, you can really find high-quality products at prices that are not too different from market rates.

Supermarkets delight with their variety, among which one can highlight many British products, as well as familiar items for Russians, such as sour cream.

Specialty fish stores

When it comes to fish, the most suitable option is the specialized Hur Deniz stores. There, you can often find products that are common in Russia, such as buckwheat, cottage cheese, dumplings, and sour cream.

Working hours of stores

Most stores are open from eight in the morning until eight in the evening, but some of them have a break from one in the afternoon until four.

Markets in Northern Cyprus

Every day, markets operate in the Turkish part of the island where vegetables and fruits are sold. However, it's worth noting that prices are not always displayed, which opens up the possibility for bargaining.

• Tomatoes, cucumbers, peppers, and zucchini — 0.2 euros per kilogram.
• Avocado - 0.6-0.7 euros.
• Strawberries, pomelo, and broccoli — 0.8 euros per kilogram.
• Mushrooms and cherries — 1.6 euros per kilogram.

Weekly markets

In addition to regular markets, there are also weekly markets that operate on different days, depending on the specific city.

Shopping in Northern Cyprus

Tourists who choose Northern Cyprus for shopping have a great opportunity to take advantage of tax benefits and get a VAT refund of19%It is important to have a receipt for an amount no less than50 eurosfrom the stores participating in the programGlobal Blue Tax Free ShoppingIn northern Cyprus, there is the largest shopping center -The Mall of Cyprus, the area of which is27,000 square metersand which is located in the capital, Nicosia.

Special information channels

If you're interested in information about real estate, immigration, or investments, it's worth subscribing to a specialized Telegram channel where you can find exclusive data.

Transport system

The transport infrastructure in Northern Cyprus is highly developed compared to the "Greek" part. Buses run on various routes, and there is connectivity between settlements from early in the morning until...5:00 PMfrom the Greek side, while on the Turkish side they work untilmidnightThe fare for travel depends on the distance: for example, a trip to50 kilometerswill cost approximately2 euros.

• You can find information about the schedule and routes on the website.Kibhas.

Minibuses and taxis

In addition to bus services, there are also actively operating minivans between the settlements, known asdolmuşThe waiting time for main routes rarely exceedsten minutes...and the prices for travel are very reasonable: for example, you can get to Kyrenia from Nicosia for just2 euros.

Taxis are also available, but it's important to note that their rates are fixed and not calculated by a meter, as all routes have standardized prices. A trip within the locality will cost approximately3.3-6.5 euros, and when leaving its borders -8-11 eurosDay rates are lower by15%compared to the nights.

Car rental and leasing

To fully enjoy the beauty of Northern Cyprus, it is recommended to rent or buy a car. Public transportation within the cities is not very well developed, which is due to the fact that most locals typically have their own vehicles.two carsfor the family. For example, in Kyrenia, there is only one minibus available, and the fare is slightly less.1 euroHowever, her route is very limited.

If you need to reach remote areas that are above or below the main road, you will need to use a taxi or walk. Renting a bicycle is also an option, with a cost of about6 eurosa day.

• Car rentals start from20 eurosper day, with a minimum rental periodthree days.
• A minimum driving experience is required for rental.three yearsand age from25 to 70 years old.
• Foreign driving licenses can be used in Northern Cyprus for a period ofthree months.

After that, it is necessary to arrange local rights, which is impossible without a residence permit. It is worth noting that in Northern Cyprus, driving is on the left side of the road, and the maximum speed allowed on the roads is100 km/hThe prices for gasoline fluctuate around1.5 eurosper liter. It should also be noted that crossing the border into the "Greek" part of Cyprus in a rented car is strictly prohibited.

Mobile communication

In the north of the island, two main mobile operators are operating:TurkcellandTelsimthat offer a wide range of communication services for both locals and tourists, ensuring comfortable communication and internet connectivity.

Mobile operator tariffs

In the southern part of Cyprus, there are different rates among mobile operators. It's important to note that calls from the northern territory to the south will be considered international. If you decide to purchase a SIM card from Turkcell, it will cost €2.5. However, you will likely need to top up your account with a minimum of €100 (€1), and then an additional €400 (€4).

The price for a 1 GB internet package for a month is €1.6, while for 10 GB you will have to pay €12.2. Essentially, the rates from the operator Telsim are similar; you can also purchase a SIM card without prepayment for €1.6, while 1 GB of internet per month will cost €5.2, and 10 GB will be €12.1.

Entertainment and leisure activities

In terms of leisure, Northern Cyprus offers a wealth of affordable entertainment, many of which are connected to the island's natural beauty. You can enjoy hiking in the picturesque mountains or explore ancient olive groves. The city of Famagusta is rich in historical landmarks, such as fortresses and ancient churches.

Active types of recreation

If you're interested in more active types of recreation, be prepared to spend a small amount. For example, renting a fully equipped bicycle starts at €6 per day. There are a variety of cycling route options available:

• riding along the coastline;
• trips in mountainous areas;
• bike paths in large cities.

The rental cost for a scooter ranges from €25 to €30 per day, while for an ATV it’s between €30 and €45. But if you enjoy water sports, you can try them out without much expense:

• paragliding;
• kitesurfing and windsurfing;
• diving
• jet skiing;
• horseback riding.

Fitness and gym

The prices for sports memberships depend on the level of equipment in the fitness center. For example, at the M-Power club, which is considered one of the most expensive and is located in the center of Kyrenia, a monthly membership costs €40, while an annual one is €360.

In this gym, you can find a variety of exercise equipment, diverse group classes, a sports nutrition shop, and a snack bar, as well as shower stalls. In less popular clubs, membership prices can be 50-100% lower.

Medical services

As for medical services in Northern Cyprus, they are quite highly regarded. A doctor's consultation at a private clinic will cost around €25, provided that no additional medical procedures are required.

In the center of Kyrenia, there is a city clinic that provides a level of service that is by no means inferior to state institutions in Russia. Long queues, limited consultation times, and the need to obtain appointment tickets early in the morning or on the day of the consultation with the required doctor are common here.

For migrants, access to medical care in state clinics is also not free, but the prices are significantly lower than in private clinics — around €4 per appointment.

Insurance

Health insurance in Northern Cyprus is not mandatory; however, if you have a residence permit or are just a tourist, it is recommended to get insurance. In an emergency, you can always call an ambulance for free or go to the nearest medical center.

Conclusion

In conclusion of my analysis of living expenses in Northern Cyprus, I would like to emphasize that this region offers many attractive opportunities for those considering buying or renting property. Comparing prices with other countries, we can see that the cost of housing here is quite reasonable, especially considering the comfort that ready-to-move-in properties provide. Despite some additional expenses, such as utility bills and taxes, the overall level of expenses remains lower than in most European countries.

Buying real estate

Buying an apartment in new buildings with a long interest-free installment plan is a very convenient solution for those looking for affordable housing options. The selection of apartments in areas like Iskele and Esentepe is especially tempting given the low prices.finished finishingand the availability of necessary infrastructure greatly simplifies the moving process.

Housing rental

In terms of rentals, the market offers a wide range of options that cater to the needs of various clients. The possibility of long-term rentals at lower rates remains relevant, allowing for savings in the long run.

Utilities

When it comes to utilities, their cost in Northern Cyprus also seems quite reasonable. It doesn't matter whether you are renting an apartment or living in your own home, the expenses forwaterandelectricityIn most cases, they remain more than reasonable. And thanks to the local climate and solar panels, it might be worth paying attention to additional ways to save.

Quality of food products

One of the significant advantages of living in Northern Cyprus is the high availability of fresh and quality food products. The refreshing taste of local fruits and vegetables, as well as the wide selection of seafood, is impressive and pleasantly surprising. The ban on the use of chemicals in agriculture is a substantial benefit when it comes to health and quality of life.

Result

Thus, Northern Cyprus is an interesting place to live, combining affordable housing, low utility costs, and, importantly, high-quality products. If you are considering taking the step to live on this beautiful island, it is worth weighing all the pros and cons to make informed decisions that will positively impact your future. I hope the information provided will help you make the right choice and make your transition as comfortable as possible.