306 foreigners receive permission to buy real estate in TRNC

The Council of Ministers of the TRNC has granted permission for the purchase of real estate to another 306 foreign citizens. The decision was published in the "Official Gazette".

According to the document, out of the 306 individuals to whom the Council of Ministers decided to grant the necessary permission, 281 are citizens of Turkey. The remaining 25 are citizens of third countries.

The permission was granted on the condition that the real estate they acquire is free from any encumbrances.

"The Council of Ministers, in accordance with Law No. 52/2008 'On the acquisition of immovable property and long-term lease (foreigners)', has issued permissions for the acquisition of real estate to a total of 306 foreign citizens, 281 of whom are citizens of the Republic of Turkey and 25 are citizens of third countries," the document states.

Recall that at the end of March, a similar permission was granted to 351 foreigners.