After the hikes in fuel, personnel salary, market aisles and flight tickets, Northern Cyprus housing projects started 2021 with a price increase. Prices are updated in new projects. Details are in Kıbrıs Emlak Merkezi.
The uncertain course of the Turkish Lira affected everyone and everything. There are serious price increases from market to materials, from fuel to personnel costs. Moreover, these increases are irreversible increases even if the exchange rates decrease. This situation was also reflected in the real estate projects of Northern Cyprus. Price updates for the new year are being announced gradually.
Increasing construction costs with high inflation will be reflected in the prices of TRNC housing projects between 5 and 10 percent. Some companies are in preparation for a campaign with 2021 prices in 2022 to increase their sales volume.
KIBRIS EMLAK MERKEZI
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