Ready
£2,158per m²Famagusta, TRNC (Northern Cyprus)
Magnolia Residence, photo 1Price from
£395,000≈ $523,387 · Rate as of 2026-10-14US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.£1,268 per m² ≈ $1,680
cheaper than 70% of city projects: -16%Data verified Aug 8, 2026 · price source: developer partner network · updated 2 mo. ago
- Properties
- Villa
- Area
- 312 m²
- Bedrooms
- 3
- Completion
- Q3 2025
- Readiness
- Ready
- Dry season
- Jul, Aug, Jun
- First instalment
- 35%
Price
Is this expensive for the city
$1,680 per m², Iskele median $1,993
Median $1,993This project $1,680
$1,476$4,676
-16% vs the city median (Iskele), sample of 13 projects. cheaper than 70% 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
- 35%Step 1 · On contract$183,185
- 5%Step 2 · Tax$26,169
- 45%Step 3 · Before commissioning$235,524
- 20%Step 4 · After transfer$104,677
- Total
- $523,387
The developer may revise the payment schedule. Confirm the current terms before the deal.
ROI Calculator
$261,693$628,064
$464$7,884
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
- $1,956
- Annual income
- $23,466
- Gross yield
- 5.8%
- Net yield
- 4.5%
- Value in 5 years
- $700,409
- 5-year ROI
- 56%
See calculation details
- Gross annual rent
- $30,211
- Common area fee
- -$1,073
- Tax (10%)
- -$3,021
- Agent commission
- -$2,650
- Net annual income
- $23,466
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: Dec, Jan, 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 | 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
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.
Price in your currency
Rate: 1 USD = 0.7547 GBP≈ $523,387Rate as of 2026-10-14
Denominated in GBP - a natural hedge against a weakening USD.
Sources: exchangerate-api.com
Location
Iskele, TRNC (Northern Cyprus)
Market context
Apartment price growth15-20%
Villa price growth (under‑construction)up to 35%
Gross rental yield5-7%
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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