Naomi Mehmet & Partners Law Firm

Spouses Can Now Purchase One TRNC Property Each

In the wake of recent speculation that the TRNC is heading for another ‘Annan Plan style property boom’, the Government has taken a further step towards boosting the country’s property market and encouraging foreign investment by announcing a further change to the policy on foreign property ownership. Under the previous policy, spouses were considered as a single household and were only entitled to purchase one property between them. However, officials at the Ministry of the Interior have confirmed that this policy has been changed and that spouses can now individually purchase one property each.