Iskele, TRNC (Northern Cyprus)
Price from
≈ $535,303£395,000Rate as of 2026-08-30
US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.
£1,268 / m²
-23% vs the city median (Iskele), sample of 20 projects
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Data verified Aug 8, 2026price source: developer partner networkupdated 22 days ago
Properties
Villa
Area
312 m²
Bedrooms
3
Readiness
Ready
Available
1 of 1
Dry season
Jul, Aug, Jun
Properties
Villa
Area
312 m²
Bedrooms
3
Readiness
Ready
Is this expensive for the city
$1,718per m²cheaper than 75% of city projects
-23% vs the city median (Iskele), sample of 20 projects
Rate as of 2026-08-30, city data updated 2026-08-30. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue.
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What it really costs
Payment plan
Step 1
On contract
35%$187,356
Step 2
Tax
5%$26,765
Step 3
Before commissioning
45%$240,886
Step 4
After transfer
20%$107,061
The developer may revise the payment schedule. Confirm the current terms before the deal.
ROI Calculator
A 6% annual yield estimate. We do not have market rental rates for this city yet. Check the real rate with your agent.
Ask agent about rental ratesTelegram$2,000
$24,001
5.8%
4.5%
$716,356
56%
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When is the season here
Driest months: Jul, Aug, Jun
Wettest months: Dec, Jan, Feb
Dry months per year: 6. A month counts as dry when its rainfall is below the annual median of monthly rainfall.
| Month | Temperature, °C | Rainfall, mm |
|---|---|---|
| Jan | 14.2 | 75 |
| Feb | 14.4 | 48 |
| Mar | 16.1 | 29 |
| Apr | 18.5 | 17 |
| May | 22.3 | 14 |
| Jun | 26.4 | 4 |
| Jul | 29.5 | 1 |
| Aug | 30.0 | 1 |
| Sep | 28.0 | 10 |
| Oct | 24.6 | 24 |
| Nov | 20.1 | 42 |
| Dec | 16.2 | 83 |
Source: NASA POWER, climate normal (2001-2020). Grid node 35.3, 33.9. This is a multi-year normal, not a weather forecast.
About the project
Properties
Villa
Status
Ready
Total units
1
Available
1
Area
312 m²
Properties
Villa
Status
Ready
Total units
1
Available
1
Area
312 m²
Description
Magnolia Residence sits in Iskele, Cyprus, and is already complete, built by Panah Construction. The development consists of a single building holding one unit, and that unit remains available for purchase.
The villa covers 311.5 sq m with a 3-bedroom layout. It is priced at 395,000 GBP, working out to 1,268 GBP per square meter. Because construction is finished and only one unit exists in the whole project, a buyer is choosing a fixed, finished layout rather than selecting among several options.
The property is located in the Iskele District. It suits a buyer looking for a single ready-built villa with a set floor plan, rather than a multi-unit complex offering a choice of configurations.
Location
Iskele, TRNC (Northern Cyprus)
Market context
Apartment price growth
15-20%
Villa price growth (under‑construction)
up to 35%
Gross rental yield
5-7%
Studio apartment price
€70,000
Sea‑view villa price (lower bound)
€200,000
Iskele’s residential market continues to show strong price appreciation, with ready‑made apartments rising about 15‑20% annually and under‑construction villas climbing up to 35% per year, reflecting sustained demand from foreign investors and developers. Rental demand remains robust, driven by seasonal tourism and a growing expatriate community, supporting gross yields of 5‑7% on residential units. The combination of low entry prices, tax‑friendly policies and streamlined purchase procedures keeps Iskele attractive to overseas buyers seeking affordable Mediterranean property.
Sources (6) · updated 21/08/2026
- Properties for Sale in Iskele, Northen Cyprus in section from the developer from overseas real estate agency Hayat Estate
- North Cyprus Iskele Property for Sale | Villas & Apartments
- Property Prices in Northern Cyprus Over the Last 5 Years: A Detailed Investment Analysis
- North Cyprus House Prices | Villas, Apartments & Investments
- Northern Cyprus Real Estate Market Update - September 2025
- Why Invest in North Cyprus for Rental Income in 2025?
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