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Open data · updated 2026-07-30
North Cyprus · residential property

North Cyprus Property Price Index

The median asking price for residential property in North Cyprus is £1,444/m² (refreshed 30 July 2026). Girne is the most expensive at £1,956/m²; Lefkoşa the most affordable at £1,169/m². Based on 8,436 live sale listings. A mix-adjusted figure (fixed-weight across region×type strata) of £1,569/m² isolates price movement from changes in the listing mix — the honest comparator for tracking change over time.

Index 100.0 · mix-adjusted 100.1 (base 2026-06 = 100)

Price motion vs 2026-06: overall · mix-adjusted

Market motion — churn & price cuts

Of a tracked Girne sale sample, as of 2026-07-30 (vs the 2026-06-03 baseline): 19% of listings are gone ▼ 2.4pp, 4% have cut their asking price ▲ 0.4pp, and the median cut is −5.7% ▲ 3.1pp.

A tracked Girne sample, re-fetched each update against the 2026-06-03 baseline — asking prices, not sold. “Gone” = the listing no longer shows a price (removed / expired / sold). The signal sharpens across updates: rising gone% and deepening cuts are leading indicators.

Median asking price by region

£ per m², all residential types · n = number of listings
Region£/m²IndexΔlistings
Girne£1,95699.73,426
İskele£1,690100.6▲ +0.6%942
Lefke£1,62299.8157
Güzelyurt£1,444100.026
Mağusa£1,422102.4▲ +2.4%94
Lefkoşa£1,169100.03,791

▲ up · ▼ down · ▬ flat (under 0.5%) · · no prior snapshot. Arrows show change since the previous update; real motion appears once fresh data is collected.

£/m² by region and property type

Median asking price — the apples-to-apples comparator
RegionApartmentVillaPenthouseSemi-det.Detached
Girne£1,765£2,222£1,972£1,822£1,580
İskele£1,686£1,747£1,700··
Lefke£1,622····
Güzelyurt£1,944····
Mağusa£1,333£1,726···
Lefkoşa£1,136£1,412£1,154·£1,206

· = fewer than 15 listings (not shown).

Land (arsa) price index

Median asking £181/m² for building plots, by region — priced per plot m²
Region£/m²IndexΔlistings
Girne£22299.6410
Lefkoşa£179101.7▲ +1.7%215
Lefke£150100.7▲ +0.7%35
Mağusa£118100.032
İskele£95100.0145
Güzelyurt£48114.3▲ +14.3%19

Building plots, priced per plot m² — structurally far below built £/m², so kept as a separate track and never mixed into the residential index. Asking prices, not sold.

Listing-liveness — is the stock moving or stuck?

Days-on-market, share over 180 days (stale), and median views (buyer attention)
RegionDays on marketOver 180dViews
Girne21051%290
İskele21051%280
Lefke18043%223
Güzelyurt18046%335
Mağusa15039%194
Lefkoşa12033%240

High days-on-market + high stale share = a frozen market where buyers have the most negotiation leverage. High views = where buyer attention is landing now.

Frequently asked questions

What is the average property price per square metre in North Cyprus?

The median asking price is £1,444/m² for residential property (refreshed 30 July 2026), based on 8,436 live sale listings. These are asking (list) prices, not sold prices.

Which area of North Cyprus is most expensive, and which is most affordable?

Girne is the most expensive at £1,956/m²; Lefkoşa is the most affordable at £1,169/m².

How long do properties stay on the market in North Cyprus?

The median listing in Girne has been on the market about 210 days, with 51% over 180 days — a slow, buyer-favourable market.

Are these sold prices or asking prices?

Asking (list) prices from live public listings. It is not a sold-price or valuation index — transaction prices are not publicly disclosed in North Cyprus.

Method & honest limits

What this is: a median of asking (list) prices from 8,436 live public sale listings, per stated interior m², by region and type. £/m² is trimmed to the 2nd–98th percentile to drop plot-area contamination and data errors.

What this is not: it is not a sold-price or valuation index — transaction prices are not publicly disclosed in North Cyprus. Figures are signals, not valuations. Snapshot: refreshed 30 July 2026.

Based on 8,436 public residential sale listings across North Cyprus.

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