399 more foreigners have received permissions for real estate in the TRNC

The Council of Ministers of the TRNC has granted permission for the acquisition of real estate to another 399 foreign citizens. The decision was published in the "Official Gazette".

According to the document, out of the 399 individuals who have been granted the right to purchase real estate in Northern Cyprus, 382 are citizens of Turkey, and 17 are representatives of other countries.

"The Council of Ministers, in accordance with Law No. 52/2008 'On the acquisition of real estate and long-term lease (foreigners)', decided to issue the necessary permission to 399 foreign citizens, 382 of whom are citizens of Turkey, and 17 are citizens of third countries, whose names and information about the real estate they wish to acquire are listed in the application attached to the petition," the document says.

It is worth noting that earlier in January, the Council of Ministers of the TRNC issued a similar permission to 438 foreigners.