Rent Increases for Turkish Cypriot Commercial Properties
November 8, 2025
The rent for a Turkish Cypriot commercial property has dramatically increased from €2,000 to €80,000, according to the Turkish Cypriot Properties Management Office. This change comes after delayed contract reviews that are now being enforced. The significant increases mainly affect large commercial properties that have generated substantial profits. There is a three-year transitional period for imposing these increases. The Interior Minister highlighted the need for better management of Turkish Cypriot properties.