The economy of The North is largely tourism, hotels, casinos (33 and more coming), agriculture, universities and residential property development both for long term residents but also for investors and holiday makers.
20 years ago there was very little construction in the North. There were not even a traffic light and there were very few hotels and homes. Infrastructure was poor to inadequate and the country was heavily dependent on annual finance from Turkey.
As a result of the border opening in 2004 the North Cyprus began to come to the attention of overseas buyers and investors.