Northern Cyprus has become an increasingly attractive destination for many people due to its serene Mediterranean atmosphere, historical richness, and appealing living conditions. Both locals and foreigners are considering rental options in Northern Cyprus for living or vacation purposes. So, what is the rental market like in Northern Cyprus in 2024? In this article, we will discuss the costs of renting a home in Northern Cyprus, regional differences, and factors affecting rental prices.
Rental prices in Northern Cyprus vary significantly depending on the region, size, furnishing status, and other features of the house. Generally, rents in major cities and tourist areas tend to be higher compared to more rural or less developed regions.
Studio apartments are ideal for individuals or couples. The monthly rent for an unfurnished studio apartment ranges between 250 and 450 Euros. Furnished studio apartments are slightly more expensive, with rents between 300 and 500 Euros. These types of apartments are commonly found in city centers like Kyrenia and Nicosia.
One-bedroom and one-living-room apartments offer a bit more living space and are typically preferred by small families or groups of friends. The rent for unfurnished 1+1 apartments ranges from 350 to 550 Euros per month, while furnished 1+1 apartments range from 450 to 600 Euros. These apartments are especially popular in areas like Famagusta and Iskele.
Larger two-bedroom apartments are suitable for families. The rent for unfurnished 2+1 apartments ranges from 450 to 700 Euros per month, while furnished 2+1 apartments range from 550 to 800 Euros. There is a high demand for these types of apartments, especially in and around Kyrenia.
More spacious and luxurious homes are also available for rent in Northern Cyprus. For example, a luxury villa in Kyrenia can be rented for between 2,000 GBP and 3,500 GBP per month. These residences typically offer large gardens, private pools, and modern interiors.
Rental prices in Northern Cyprus largely depend on the region where the house is located. Here are some key regions and the average rental prices in these areas:
Several factors affect rental prices in Northern Cyprus. These include the size, location, furnishing status, age of the building, and amenities offered by the house. For instance, an apartment located in the city center with modern amenities will have a higher rental price compared to an older apartment in a rural area. Additionally, features such as a pool, garden, or security system can increase the rental price.
Renting a home in Northern Cyprus offers a wide range of prices and can vary based on personal needs and preferences. Regional differences, the size of the house, and amenities play a crucial role in determining rental prices. If you are considering renting a home in Northern Cyprus, it is beneficial to conduct thorough research taking these factors into account and seek support from professional real estate consultants.
For the latest information and opportunities on renting a home in Northern Cyprus, NorthernLAND Rentals is here for you. Contact us for the most suitable rental homes for daily or long-term stays.
Note: Prices are calculated based on current data from 101 Evler, Kairos Cyprus, and Emlakjet.
