Cyprus Land For Sale Prices
The Turkish Republic of Northern Cyprus stands out for its real estate investments and the high-return opportunities they offer. Additionally, today’s turnkey housing projects and options to purchase homes from the ground up provide a more affordable and convenient real estate investment opportunity. At the same time, those looking to buy a home also want to be informed about land prices in Cyprus. So, what is the current average land price situation in Northern Cyprus by region?
Land Prices in Gazimağusa
Home to numerous universities and educational institutions with international recognition, Gazimağusa is one of Cyprus’s most important cities. When considering land prices in Cyprus, we can say that prices in Gazimağusa reflect the average. In Gazimağusa, plots of land large enough to build a villa—typically 400 square meters—range from £45,000 to £90,000. For commercial plots of similar size, prices range from £175,000 to £300,000.
Land Prices in İskele
Iskele, home to the longest coastline in the TRNC, has hosted significant real estate investments in recent years. Additionally, the Iskele region stands out as the area within Cyprus where land prices have risen the most in recent years. In this region, which attracts significant interest from foreign investors, plots of land with building permits of 400 m² are finding buyers starting at an average price of £60,000.
Land Prices in Girne
When tourism in Northern Cyprus is mentioned, the city that first comes to mind is Girne, which is the region with the highest prices for land and plots for sale in Cyprus. Especially for those looking to invest in tourism-related projects, land prices in Girne for plots of 400 m² range from an average of £160,000 to £2,000,000.
Land Prices in Nicosia
Nicosia is the capital of the TRNC and the city with the largest population. In Nicosia, prices for a 400-square-meter plot of land or property range from £45,000 to £125,000. For plots with commercial permits, average prices range from £200,000 to £1,000,000.
Factors Influencing Land Prices in Cyprus
The land values we shared above reflect the average values you may encounter in the Cyprus real estate market. However, you may encounter higher or lower prices for plots with different characteristics. So, what are the key factors determining land prices in Cyprus?
- Planning permission and type (residential, commercial, etc.)
- Title Deed Type
- Shape of the land
- Land area and location
Is Buying Land in Cyprus a Wise Investment?
Land prices in Cyprus may be reasonable depending on the type of investment you’re targeting. Additionally, if you’re looking to invest in residential property, you may want to consider turnkey projects and buying a home from the ground up. Purchasing a plot of land to build your own home on it involves a higher cost compared to owning a home through such projects.