Northern Cyprus

As of June 2026, Kyrenia, Famagusta, Nicosia have 1,718 active Airbnb and VRBO listings. This represents a 7% increase from the previous year.

The average Airbnb or VRBO in Northern Cyprus generates €9K per year. High-performing properties earn €27K/year, while low-performing properties earn €3K/year. This significant spread highlights a bifurcated market where top-tier assets capture disproportionate revenue despite stagnant overall supply and declining annual earnings.

Airbnb and VRBO can be profitable in Northern Cyprus. Average annual revenue is €9K with 25% occupancy. High-performing properties earn up to €27K/year. The delta between average and high-end returns suggests that profitability is highly sensitive to listing differentiation in a market currently experiencing downward pressure on revenue.

The average occupancy rate for Airbnbs and VRBOs in Northern Cyprus is 25%. This occupancy level, combined with an average nightly rate of €107, results in a RevPAR (revenue per available room) of €19 per day.

4+ bedroom properties demonstrate the strongest performance in Northern Cyprus, with annual revenue of €17K. These properties balance operating costs and rental demand most effectively in the Northern Cyprus market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Northern Cyprus area. Kyrenia: Lenient. No formal STR regulations or licensing system. Operates in legal gray area under Northern Cyprus administration. Minimal enforcement, hosts operate freely. Famagusta: Lenient. No specific STR framework. Tourism permits theoretically required but rarely enforced. Hosts operate without registration commonly. Nicosia: Lenient. No dedicated STR regulations. General tourism licensing exists but enforcement minimal. Most hosts operate informally without permits. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Northern Cyprus Airbnb and VRBO market is currently showing balanced conditions. Supply has grown 7% year-over-year, while RevPAR has decreased 6%. This indicates balanced supply-demand dynamics. The contraction in revenue per listing alongside rising supply suggests that the market is absorbing new inventory at the cost of individual unit performance.

Launch around May, 2-3 months before peak summer season (August peaks). This pre-peak timing lets you build reviews when competition is 2% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (January-February) when gaining traction is harder.

The most common amenities in Northern Cyprus listings include: Air Conditioning (98%), Kitchen (98%), Washing Machine (95%), Tv (93%), Balcony (68%). Amenities that boost revenue the most include Pool, Bbq, Gym, with Pool properties earning approximately 42% more (€23K/year vs €16K/year).

Monthly estimated revenue per listing in Northern Cyprus over the last 12 months: May: €505, June: €610, July: €709, August: €846, September: €703, October: €751, November: €548, December: €479, January: €430, February: €286, March: €411, April: €518. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Northern Cyprus is €107, up 28% year-over-year. By property size: 1-bedroom properties average €73/night, 2-bedroom properties average €99/night, 3-bedroom properties average €171/night, 4+ bedroom properties average €249/night. Rates peak in October and are lowest in May.

Guests in Northern Cyprus book an average of 22 days in advance, down 33% from last year. By property size: 1-bedroom: 20 days, 2-bedroom: 22 days, 3-bedroom: 26 days, 4+ bedroom: 33 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Northern Cyprus Airbnb and VRBO market has seen the following changes: supply grew 7%, revenue per listing decreased 6%, occupancy fell 11%, average nightly rates increased 28%, and lead time decreased 33%. These shifts reveal a market transitioning toward shorter booking windows and higher price sensitivity, pressuring occupancy levels.

In Northern Cyprus, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Friday and are lowest on Wednesday. Weekends show 12% higher occupancy than weekdays.