TRNC Weekly Update - 24 November 2025
- John Nordmann
- Nov 24
- 4 min read
Updated: Nov 29
TRNC Weekly Update - 24 November 2025
Here’s a summary of what’s been happening in northern Cyprus over the past week — covering key sectors and developments.
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🏛️ Politics
Tufan Erhürman (President of the Turkish Republic of Northern Cyprus) met with Nikos Christodoulides (President of the Republic of Cyprus) in the UN buffer zone. During the meeting he presented a “10-point proposal” aimed at building trust and restarting talks on the island’s division.
The broader political picture remains one of cautious optimism: analysts suggest that Cyprus is again at a crossroads between possible renewed engagement and deeper entrenchment of division.
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🌦️ Weather
The past week has featured very mild and pleasant weather: for example, one report noted coastal highs around 28-29 °C and inland up to 29 °C, with light to moderate winds.
Tip: This means favourable conditions for outdoor events and visitor foot-traffic.
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✈️ Travel & Tourism
With the good weather and fewer crowds at this time of year, visitor conditions remain attractive.
Travel guides continue to highlight northern Cyprus as a “hidden gem” with 320+ sunny days per year, making it favourable for off-peak tourism.
From those owning a restaurant/bar venue this weather and tourism context is positive — good for business.
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🏡 Real Estate
We did not locate significant new announcements in the last week specifically on real-estate markets.
The broader economy (see below) and political signals (renewed dialogue) may indirectly affect the development/property sector. Events
On 15 November, the TRNC celebrated its 42nd anniversary of the proclamation of the state with official ceremonies across cities.
Community life appears active and outdoor-friendly given the weather, with no major new large-scale festivals reported this specific week.
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📈 Economy
The north continues to face structural economic constraints: high inflation, dependence on Turkey, limited export base. A recent assessment notes that economic activity has been resilient but growth is modest.
The political push for renewed engagement may offer some upside but recognition and sanctions issues linger.
For the restaurant/bar business and local property market, these conditions mean cautious optimism: strong tourism and hospitality potential, but you should keep an eye on costs (import inflation, currency issues).
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📢 Public Safety & Notices
No major urgent public-safety incidents were reported in the last week in the sources.
Standard advice for hospitality/travel businesses still applies: monitor weather-related sea conditions (wind, waves) for pool and outdoor operations; and ensure you’re up to date on safety & fire regulations.
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🌱 Environment & Nature
With the weather being warm and clear, outdoor nature activities are well-supported (e.g., coastal walks, beach usage, poolside operation) in the area.
No major environmental incidents or warnings (e.g., wildfires, floods) were flagged in the last week.
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🧑⚕️ Health & Community
The combination of good weather, tourism flow and community activities suggests favourable conditions for hospitality and local‐community engagement.
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📍 Area Snapshot: Esentepe
Esentepe sits east of Kyrenia, with sea‐to‐mountain views and a quieter, more upscale vibe compared to the main harbour area.
The combination of lifestyle appeal + investment potential makes this zone particularly relevant for your restaurant/bar + property interests in North Cyprus.
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🏠 Real Estate Trends & Insights
The real-estate market in North Cyprus has seen “double-digit” price growth in recent years (2022/2023) for many properties.
Esentepe specifically is being pointed to as a rising investment hub: scenic location, infrastructural improvements, growing appeal.
Example investment scenario: In Q4 2025 data, an Esentepe 2+1 property (beach/golf combo) with a purchase price of ~£250,000 (GBP) shows an average short-let nightly rate ~£110, occupancy ~62%, net rent ~£11,580 and total ROI ~11.8% when including value appreciation (~7.2%) per annum.
On the listing side: Agents describe the Esentepe market as offering “modern villas overlooking the Mediterranean to traditional homes in quiet village communities” — meaning both holiday-home and full-time residence appeal.
Key take-:
The region falls within a property zone with good upside potential (both lifestyle + rental).
The short-let model (holiday rentals) is viable, but occupancy and management costs must be factored (per scenario above).
Appreciation rather than purely rental income seems a major component of return — so longer‐term holding fits.
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🎯 Tourism & Hospitality Market Indicators
According to recent data on the hotel industry in North Cyprus: average occupancy in 2023 reached ~75%, with peak seasons climbing ~85%.
However, a contrasting report states that in 2024 the overall occupancy rate across tourist accommodation facilities was only ~43.6%, indicating under-utilised capacity.
Broad tourism stats: For example, earlier figures show hotel occupancy rates of ~31.3% in early 2024 in the first two months — up from ~24.5% in same period in 2023.
The mixed signals suggest the high season sees strong activity but off-peak may be weak.
Offering a full hospitality package (restaurant + bar + sports + pool) could help differentiate and fill gaps.
Focus on building shoulder‐season (spring/late autumn) activity: Esentepe climate gives you an advantage with milder weather.
Track real-time occupancy of nearby resorts, booking trends, and optimise pricing accordingly.
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Recent North Cyprus political & economic news
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