The average occupancy rate of hotels in Northern Cyprus estimated at 57%, according to statistics published by The Turkish Cypriot Hoteliers Association.
Analysis of occupancy of hotels showed the number of tourists in hotels increased by 8% compared to same time last year. Demand for high-class hotels is growing rapidly and in May 5-star hotels were occupied by 72%. According to statistics, small hotels’ occupancy rate was 43% in May 2014, showing a 10% increase compared to April of this year.
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TRNC Luxury Real Estate: A Dream Come True
In the real estate market of the Turkish Republic of Northern Cyprus (TRNC), over 500 properties priced at more than £1 million are up for sale. From luxurious villas to modern apartments, historic mansions, and entire buildings, the variety is astounding. This Mediterranean paradise has become a haven for those seeking premium-class homes.Increased Risk of a Major Earthquake in Cyprus
The Earthquake Research and Application Center (DAUM) at Eastern Mediterranean University (EMU) has issued a critical assessment regarding recent seismic activities in Cyprus and its surroundings. According to DAUM, tectonic movements in the region point to an increased likelihood of a significant earthquake affecting the island.DECREE WITH THE FORCE OF LAW ON THE REGULATION OF THE STATUS OF EXISTING SALES CONTRACTS
DECREE WITH THE FORCE OF LAW ON THE REGULATION OF THE STATUS OF EXISTING SALES CONTRACTS UNDER THE TEMPORARY ARTICLE 1 OF THE LAW ON ACQUISITION OF IMMOVABLE PROPERTY AND LONG-TERM LEASING (FOREIGNERS) (AMENDMENT)Municipalities fine vehicle owners for dumping rubbish
The City Safety Department (Zabita) within the municipalities initiated the necessary penalties against vehicle owners who were found dumping waste into the environment without permission.
