How are the living conditions and prices in North Cyprus?
- 23.07.2023
- Article
We will share with you an analysis of the living conditions in North Cyprus. In this article, we will cover the living conditions in North Cyprus under the titles. We will make a cost calculation on issues such as house rent, car rental, working conditions, monthly general expenses. We evaluate the city center of Kyrenia as a location.
1-House rents: The average rent of a 1+1 fully furnished house in Kyrenia city center changes as GBP 450-600 as of July 2023.
2-Car rentals: If you do not have a car, you will have difficulties in transportation in Northern Cyprus. Since public transportation is very limited on the island, a car is a must if you don't have it. Therefore, if you do not own a car, the average monthly car rental starts from a minimum amount of 500-600 GBP.
3-Humanitarian needs: If you live in Northern Cyprus, we can easily say that you will spend at least 400 TL for breakfast, lunch and dinner as of July 2023. For this we will give you a real example. morning breakfast 90 TL, lunch 150-200 TL, dinner 150-200 TL. In our calculations, we state that a budget of at least 500 TL is required, with an average daily portion of food, when we consider that you smoke. Let's consider that when we hit the monthly account, it makes 15,000 TL.
4-Main expenses: When we take the average of the fees such as electricity, internet, water, dues, mobile phone gsm expenses of the house you rent in Northern Cyprus, only this monthly minimum; Electricity 350 TL, water 150 TL, depending on the site you live in, an average of 350 TL, mobile phone bill 350 TL, a total of minimum 1200 TL budget is required.
5-Extra expenses: We add a monthly average of 3000 TL as an extra budget for you to go to a restaurant or a bar entertainment so that you can get distracted when you are bored.
When we make an account in the general total, you can continue your life in a normal life standard in Northern Cyprus, after considering that you will spend a minimum of 1650 GBP per month, with an average July 2023 rate of 1650 GBP x 35 TL(exhcange rate) = 57.750 TL, in order for a person who does not have a house and a car to continue his life in Northern Cyprus.
Among the items mentioned above, there is mostly a need for accommodation, so if you have a certain amount of cash in Northern Cyprus, you can make a housing investment from real estate projects with interest-free payment plans. As Kairos, we will be happy to provide you with real estate consultancy in real estate investments. Contact us now and discover the property options that best suit you!
