Economy of Northern Cyprus

While Cyprus’ main export product was copper some time ago, other economic sectors now play an important role in North and South Cyprus. If you want to settle here or relocate your business, the Northern Cyprus economy may be important for you. Find out here what you need to know before you visit the half of the island and immerse yourself in the Turkish Republic of Cyprus. This much has been said in advance. Northern Cyprus is also characterized by diversity when it comes to economy.

What characterizes the economy of Northern Cyprus?

Basically, the economy of Northern Cyprus is made up of services. These include not only trade and tourism, but also education. Tourism in Northern Cyprus is currently increasing sharply as the Mediterranean area has developed into a real insider tip. If you would like to purchase property in Northern Cyprus as a magnet for tourists, you can benefit from very good prospects. Wine, fruit and vegetables, as well as other goods also make up a part of the Northern Cyprus economy. Given the Mediterranean climate with more than 300 days of sunshine per year, this is not surprising.

This is what you still need to know about the Northern Cyprus economy

You also need to know that the economy of Northern Cyprus is currently being greatly expanded in terms of tourism. Around 400,000 holidaymakers are interviewed here every year, of which Germans usually only make up around 5,000. However, northern Cypriot residents are currently particularly keen to appeal to German holidaymakers, so there could be a strong upward trend in the next few years. If you secure a property in the right location, you too can take advantage of tourism in the north of Cyprus – and create your very own oasis on the Mediterranean. We at KIBRIZ will be happy to help you find the right property in Northern Cyprus locally – and will help you in every way.