Government proposals to allow non-citizens to purchase up to 3 properties
On 12th February 2014, the Government announced plans to amend the current laws to allow non-citizens of the TRNC to purchase up to 3 properties, an increase from the current limit of 1 property. We are currently waiting for the Government to announce further details as to when these new proposals will be applied.
Once these changes are implemented, it would be beneficial to non-citizens of the TRNC looking to purchase more than one property as it would mean that they are able to take title to up to 3 properties in their own names and would not have to use nominees or trustees (such as family members, relatives or friends) to take title to additional properties on their behalf.
We will update this section of our website once we have any further information.