How to Identify Non-Liquid Properties in the Northern Cyprus Real Estate Market

• Poor layouts and window views
• Overpriced per square meter
• Distance from the sea
• Document issues
• Template project and excess of similar units
• Title transfer

Poor layouts and window views

Sometimes developers create inconvenient layouts and unattractive views to maximize the land use. Clients immediately reject such properties. In Northern Cyprus, people look not just for housing but for attractive investments and rental comfort.

Overpriced per square meter

It is important to assess the value of usable living space, not the entire apartment price. Developers often include terraces, balconies, parking, and halls, making micro-apartments too expensive per "liveable" square meter.

Distance from the sea

If the property is located further from the coast and lacks compensating advantages, it will be less attractive to both tenants and buyers.

Document issues

Illiquidity sharply increases when:

• there is no building permit or final approval
• there are no individual property rights
• there are court proceedings or bank mortgages

Template project and excess of similar units

If a project is too typical and there are dozens of similar properties on the market, sale is only possible with a price reduction. This is important to consider for investments.

Title transfer

Even if the property is good, illiquidity can appear if the titleholder refuses to sign the transfer or demands an excessive amount. Purchasing such a property can make it impossible to sell or transfer.

Important to remember: demand ≠ liquidity. Hype fades, mistakes remain.