Under construction
£1,782per m²Famagusta, Republic of Cyprus
Neo Residence, photo 1Price from
£99,000≈ $131,178 · Rate as of 2026-10-14US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.£2,605 per m² ≈ $3,452
pricier than 60% of city projects: +9%Data verified Aug 8, 2026 · price source: developer partner network · updated 2 mo. ago
- Properties
- Condominium
- Area
- 38 - 70 m²
- Bedrooms
- 1
- Completion
- Q1 2025
- Readiness
- Ready
- Dry season
- Jul, Aug, Jun
- First instalment
- 5%
Price
Is this expensive for the city
$3,452 per m², Famagusta median $3,156
Median $3,156This project $3,452
$884$6,246
+9% vs the city median (Famagusta), sample of 12 projects. pricier than 60% of city projects.
Rate as of 2026-10-14, city data updated 2026-10-14. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue. The scale is logarithmic.
The cost of this project
A breakdown of this project for your budget and goals
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What it really costs
Payment plan
- 5%Step 1 · On booking$6,559
- 30%Step 2 · On contract$39,353
- 5%Step 3 · Tax$6,559
- 65%Step 4 · Before commissioning$85,266
- Total
- $131,178
The developer may revise the payment schedule. Confirm the current terms before the deal.
ROI Calculator
$65,589$333,908
$66$1,988
A 6% annual yield estimate. We do not have market rental rates for this city yet. Check the real rate with your agent.
40%100%
0%20%
- Monthly income
- $421
- Annual income
- $5,062
- Gross yield
- 5.8%
- Net yield
- 3.9%
- Value in 5 years
- $175,545
- 5-year ROI
- 53%
See calculation details
- Gross annual rent
- $7,553
- Common area fee
- -$1,073
- Tax (10%)
- -$755
- Agent commission
- -$663
- Net annual income
- $5,062
Read moreCollapse
Calculations are estimates based on average market data. Actual returns may vary. This is not financial advice.
When is the season here
Driest months: Jul, Aug, Jun Wettest months: Jan, Dec, Feb Dry months per year: 6. A month counts as dry when its rainfall is below the annual median of monthly rainfall.
Rainfall, mm per monthTemperature, °C
Show monthly table
| Month | Temperature, °C | Rainfall, mm |
|---|---|---|
| Jan | 13.6 | 72 |
| Feb | 14.0 | 41 |
| Mar | 15.8 | 23 |
| Apr | 18.6 | 13 |
| May | 22.7 | 9 |
| Jun | 27.1 | 2 |
| Jul | 29.9 | 1 |
| Aug | 30.2 | 1 |
| Sep | 28.0 | 6 |
| Oct | 24.4 | 15 |
| Nov | 19.6 | 30 |
| Dec | 15.7 | 71 |
Source: NASA POWER, climate normal (2001-2020). Grid node 35.2, 33.9. This is a multi-year normal, not a weather forecast.
About the project
- Properties
- Condominium
- Completion
- Q1 2025
- Status
- Ready
- Area
- 38 - 70 m²
Description
Neo Residence is a completed condo development by Dörter Construction in Famagusta, Famagusta District, TRNC (Northern Cyprus). The project reached completion in January 2025 and is ready.
Units on offer are one-bedroom apartments ranging from 38 to 70 square meters. Prices start at 99,000 GBP and go up to 210,000 GBP, with the price per square meter starting from 2,605 GBP.
All listed layouts fall into the one-bedroom category, so the spread between 38 and 70 square meters reflects different internal arrangements within that same bedroom count. Because the building is finished and ready, a buyer can take possession once the purchase is completed, without waiting on construction timelines.
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.
Price in your currency
Rate: 1 USD = 0.7547 GBP≈ $131,178Rate as of 2026-10-14
Denominated in GBP - a natural hedge against a weakening USD.
Sources: exchangerate-api.com
Location
Famagusta, TRNC (Northern Cyprus)
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