Factors Negatively Affecting Rental Properties in Northern Cyprus
- No direct flights
- Restrictions on Booking.com
- High competition in certain areas
- Rising cost of living
- General rental risks
No direct flights
The absence of direct flights to Ercan discourages some tourists who do not want to make transfers. This directly reduces demand for real estate rentals in Northern Cyprus.
Restrictions on Booking.com
Due to the legal status of the region, it is not always possible to register property on Booking.com. However, with proper documentation, it is possible, allowing attraction of tourists through international platforms.
High competition in certain areas
For example, in Iskele 90% of studios are purchased for rental purposes, while only 40–50% of 2+1 apartments are rented out. This makes studio rentals less profitable as supply exceeds demand.
Rising cost of living
Northern Cyprus is no longer a budget destination. Tourists seeking inexpensive holidays choose other countries, reducing the flow of renters.
General rental risks
As in any tourist region, there are main risks:
- Income tax on rental earnings
- Management company commissions
- Possibility of encountering dishonest agents or tenants
Vadim Chernyakov
I have been working in the real estate market of Northern Cyprus since 2012. During this time, I have built one of the largest databases of secondary properties on the island. My experience and deep expertise allow me to find optimal solutions for clients, support transactions at every stage, and ensure transparency and security throughout the process.
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