Iskele, TRNC (Northern Cyprus)
Price from
≈ $169,400£125,000Rate as of 2026-08-30
US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.
£1,582 / m²
-4% 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
Condominium
Area
79 - 130 m²
Bedrooms
1 - 2
Readiness
Under construction
Available
5 of 5
Dry season
Jul, Aug, Jun
Properties
Condominium
Area
79 - 130 m²
Bedrooms
1 - 2
Readiness
Under construction
Is this expensive for the city
$2,144per m²cheaper than 55% of city projects
-4% 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 booking
5%$8,470
Step 2
On contract
30%$50,820
Step 3
Tax
5%$8,470
Step 4
Before commissioning
65%$110,110
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$537
$6,432
5.5%
3.8%
$226,695
53%
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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.
| 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
Status
Under construction
Total units
5
Available
5
Area
79 - 130 m²
Properties
Condominium
Status
Under construction
Total units
5
Available
5
Area
79 - 130 m²
Description
Five units make up the entirety of Elysium 2, a condo development in Iskele, Cyprus, built in a single building by Isatis Construction. The project is currently under construction, and all five units remain available, meaning the full range of layouts is still open to buyers.
Unit sizes run from 79 to 130 square meters, with one or two bedrooms depending on the configuration. Prices start at 125,000 GBP and go up to 234,000 GBP, with a price per square meter of 1,582 GBP. This spread covers both smaller one-bedroom units and larger two-bedroom layouts within the same building.
The development sits in the Iskele District, part of Iskele, Cyprus. With just one building and five units total, Elysium 2 is a small-scale project rather than a large complex, giving it a compact footprint on its plot.
For buyers looking at property in Iskele at the construction stage, Elysium 2 offers a defined unit count, a clear size range from 79 to 130 square meters, and pricing set out from 125,000 to 234,000 GBP.
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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