There is no independent register or index values for property and land in North Cyprus. However, certain things can be stated about property and land values. " North Cyprus land remains at good value compared to other Mediterranean counties and also South Cyprus. " Values have been increasing consistently for many years. " Land and property prices vary form one location to another. " Prices vary according to the type of title deed that applies. " It is the value of the land that drives property prices and represents good value for many. It must be remembered that the quality and the extent of new villa and property specifications vary substantially. Two villas may be very similar in terms of size and location but, may be very different in terms of construction quality, materials used and extras included. It is important to keep in mind that the cheapest construction may not be the best value.
There are a number of leasehold properties in and around the Girne area in Northern Cyprus and the process is very similar to purchasing a freehold, however an application is made to the Ministry of Tourism and not the Ministry of Interior.