According to the classical economic theory, assets are resources that can generate income. In this regard, property on the island is ideally align with the definition of an asset as it can generate income in the form of rental payments. In addition, property owners can benefit from an increase in property value.

Owning and managing real estate requires proactive efforts, as it involves maintaining and servicing of the property, finding lessees, settlement of disputes, and other tasks. This means that property owners are required to invest time and effort in managing their assets.

Therefore, when deciding to purchase real estate in Northern Cyprus, you need to clearly define your goals and outline a plan for using it to generate income or exit the project with a sale.

If we talk about a personal residence, then it is easier. One just need to have a regular source of income for living and for maintenance costs paying. At the same time, in the long run, the property will increase in price over time and upon sale it will be possible to recover expenses and, if sold at the peak of market prices, receive good profit.

Many investors see real estate as a way to diversify their portfolio. It can provide a stable source of income, especially in the form of rental payments, which can provide financial security. In addition, property value increase over time can provide capital benefits.

It can be said that real estate can be either an asset or a liability, depending on how it is used and managed. In order to successfully invest in real estate in Northern Cyprus, it is important to study the market thoroughly, make a risk analysis and take an active part in managing your investments. Ultimately, the choice between whether to consider real estate an asset or a liability depends on the investor's goals and strategy, as well as the willingness to invest efforts in managing the asset.