In the Turkish Republic of Northern Cyprus (TRNC), known as a university paradise, rental prices have surged to unprecedented levels, making it increasingly difficult for students to find affordable accommodation. The exorbitant fees, often demanded in British pounds, include a two-month deposit, a one-month real estate agent commission, and in many cases, six months' advance rent, pushing the total cost beyond the reach of many.

Nicosia: Affordable Rents Start from £350

In Nicosia, the capital, the most affordable monthly rents for a 2+1 flat begin at £350, with prices climbing to £650. These prices exclude additional costs such as deposits and commissions, making the total required upfront payment significantly higher.

Kyrenia: The Most Expensive Rental Market

Kyrenia tops the list as the most expensive district for rentals. Here, the average monthly rent starts from £650 and can soar up to £850 in luxury developments. With the addition of deposits, commissions, and site fees, the total cost for a year can reach staggering amounts, making it the priciest option for students.

Famagusta: Annual Payments Required

In Famagusta, a different rental practice prevails, where rent is typically requested on an annual basis in advance. This means that for a standard 2+1 furnished flat, the annual rent can exceed £8,000, placing a significant financial burden on students and their families.

Güzelyurt and Lefke: Rising Costs Amid Limited Options

In Güzelyurt and Lefke, areas that have traditionally been more affordable, rental prices have also seen sharp increases. In Güzelyurt, monthly rents range from £450 to £500, with the total annual cost for a rental property reaching up to £7,000. Lefke, despite being a less central area, now has rental costs that surpass those in Nicosia, with prices ranging from £415 to £500 per month.

Students Face Financial Strain as New Registration Period Approaches

With the new university registration period approaching, students coming to TRNC for education are facing the daunting challenge of securing accommodation within their budget. The financial requirements are steep, with many rental agreements demanding annual or six-month advance payments, along with additional costs for deposits and commissions.

Summary of Rental Costs Across TRNC

• Nicosia: Monthly rents for a 2+1 flat range from £350 to £650. Total annual costs, including deposits and commissions, can exceed £9,450.
• Kyrenia: Monthly rents start at £650 and go up to £1,000. Annual costs can range from £9,000 to £15,000, depending on the property.
• Famagusta: Annual rent for a 2+1 flat can exceed £8,000, with payments typically required in advance.
• Güzelyurt: Monthly rents range from £450 to £500, with annual costs reaching up to £7,000.
• Lefke: Monthly rents start at £415 and can go up to £500, with annual costs ranging from £4,980 to £5,988.

This surge in rental prices has raised concerns among students and their families, who now face the challenge of balancing education costs with these escalating living expenses. As the new academic year approaches, the pressure to find affordable housing in the university areas of TRNC is mounting.

Source: Kıbrıs Gazetesi