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Living in Northern Cyprus is now cheaper for pound, euro and dollar earner

4 June 2021

As the Turkish Lira depreciates, Northern Cyprus becomes an even cheaper country for foreign exchange earners. Details are in Kıbrıs Emlak Merkezi.

living in northern cyprus

Living in Northern Cyprus is now cheaper for pound, euro and dollar earner

Cyprus is one of the favorite islands of the Mediterranean. With its location, climate and peaceful living opportunities, it has been the choice of those considering investment in the Mediterranean in recent years.

The currency of Southern Cyprus is Euro. The currency of Northern Cyprus is Turkish Lira.

This is a great advantage for those who earn foreign currency. Because the Turkish Lira has been losing value rapidly against the foreign currency in recent years.

For example, 1 pound was 2.45 TL in 2011.

Today, 1 pound has exceeded 12 TL.

Likewise, the dollar and the euro are gaining value against the Turkish lira day by day.

1 Dollar is over 8 TL, 1 Euro is over 10 TL.

In other words, the money of a person who comes from England with 1000 pounds is 12.000 TL in Northern Cyprus.

Peaceful Island, Cheap Living

You can shop more, travel more, spend more. This means living in Northern Cyprus much cheaper.

Many people who know this account want to invest in Northern Cyprus and spend their vacation and retirement life in this island.

Housing prices in Northern Cyprus start from £50,000 on average.

Don’t Decide From Research

If you research before investing and choose the right project, you will both earn money and live happily in your home.

You can ask us what you wonder about investment in Northern Cyprus.

KIBRIS EMLAK MERKEZİ


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