Iskele, TRNC (Northern Cyprus)
Price from
≈ $522,072£395,000Rate as of 2026-10-13
US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.
£1,268 / m²
-16% vs the city median (Iskele), sample of 13 projects
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Data verified Aug 8, 2026price source: developer partner networkupdated 2 mo. ago
Properties
Villa
Area
312 m²
Bedrooms
3
Completion
Q3 2025
Readiness
Ready
Dry season
Jul, Aug, Jun
Properties
Villa
Area
312 m²
Bedrooms
3
Completion
Q3 2025
Is this expensive for the city
$1,676per m²cheaper than 75% of city projects
-16% vs the city median (Iskele), sample of 13 projects
Rate as of 2026-10-12, city data updated 2026-10-12. 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%$182,725
Step 2
Tax
5%$26,104
Step 3
Before commissioning
45%$234,933
Step 4
After transfer
20%$104,414
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$1,951
$23,407
5.8%
4.5%
$698,651
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.
Show monthly table
| 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
Completion
Q3 2025
Status
Ready
Area
312 m²
Properties
Villa
Completion
Q3 2025
Status
Ready
Area
312 m²
Description
Magnolia Residence is a villa in the Iskele District of Iskele, Northern Cyprus (TRNC), built by Panah Construction. The project is completed and ready, with completion recorded for September 2025.
The villa spans 311.5 sq m and has a 3-bedroom layout. The price starts at 395,000 GBP, with a price per square meter from 1,268 GBP. At that size, the villa offers a generous amount of living space.
The project sits in the Iskele District, in the city of Iskele, in Northern Cyprus.
This description was prepared with the help of artificial intelligence from developer data and public sources. Please check key figures and terms with our adviser.
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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