One of the things that is always important for applicants to immigrate and buy property in North Cyprus is to know the cost of living in this country. Of course, according to the lifestyle of each person, the amount of living expenses is different, the best way to estimate living expenses in North Cyprus is by adding an extra 20% to the living expenses of the applicant in Iran.
Furthermore, the cost of living in North Cyprus is cheaper and more affordable than in South Cyprus, the European Union, or other Mediterranean countries. The daily expenses for an upper average standard of living are estimated between 750 to 850 USD for a family of 3 and 900 to 1100 USD for a family of 4, without including the cost of housing and university tuition.
In general, the costs of buying property and cars in this country are in British pounds GBP, but fortunately, the costs of daily living in Northern Cyprus are in Turkish Lira.
Cost of Living in Northern Cyprus
Buying a car in North Cyprus is much more economical than in a country like Iran, so with an amount between 10 and 15 thousand pounds, it is possible to buy a second-hand and low-consumption Japanese or Korean car. Also, you can purchase perfect European or Japanese cars such as Benz, BMW, Lexus, etc. for about 35.000 GBP.
The variety and deliciousness of the cuisine of this region, as well as the number of very good and quality restaurants at the international level with beautiful views, next to the beach, etc., have made going to a restaurant and eating in this country a pleasant pastime. .
The cost of a meal in a restaurant for each person starts from 100 lira, although it is worth mentioning that there are more ordinary restaurants with more reasonable prices in the inner cities.
Generally, people prefer to have a private car due to the very reasonable price of the car in North Cyprus. Also, due to the creation of suitable routes for using bicycles, many people, especially students, turn to this vehicle.
– The cost of renting a car per day ranges from 600 Turkish Lira.
– The cost of a taxi within the city ranges from 120 to 150 Turkish Lira.
– The cost of tickets for intercity buses is 80 Turkish Lira and some buses within the city are also free.
The monthly charge for simple apartments in North Cyprus is around 400 Turkish Lira. The cost of charging residential settlements, which have complete facilities and very luxurious landscaping, starts from 40 GBP for apartment units and 70 GBP for villa units.