Under construction
£1,114per m²Iskele, TRNC (Northern Cyprus)
McKenzie Residence 2, photo 1Price from
£300,000≈ $397,509 · Rate as of 2026-10-14US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.£3,529 per m² ≈ $4,676
pricier than 100% of city projects: +135%Data verified Aug 8, 2026 · price source: developer partner network · updated 2 mo. ago
- Properties
- Condominium
- Area
- 80 - 85 m²
- Bedrooms
- 1
- Completion
- Q4 2024
- Readiness
- Ready
- Dry season
- Jul, Aug, Jun
- First instalment
- 5%
Price
Is this expensive for the city
$4,676 per m², Iskele median $1,993
Median $1,993This project $4,676
$1,476$4,676
+135% vs the city median (Iskele), sample of 13 projects. pricier than 100% 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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- Current price and payment terms for this project
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What it really costs
Payment plan
- 5%Step 1 · On booking$19,875
- 30%Step 2 · On contract$119,253
- 5%Step 3 · Tax$19,875
- 65%Step 4 · Before commissioning$258,381
- Total
- $397,509
The developer may revise the payment schedule. Confirm the current terms before the deal.
ROI Calculator
$198,754$477,011
$398$5,963
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
- $1,444
- Annual income
- $17,331
- Gross yield
- 5.7%
- Net yield
- 4.4%
- Value in 5 years
- $531,957
- 5-year ROI
- 56%
See calculation details
- Gross annual rent
- $22,658
- Common area fee
- -$1,073
- Tax (10%)
- -$2,266
- Agent commission
- -$1,988
- Net annual income
- $17,331
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
- Condominium
- Completion
- Q4 2024
- Status
- Ready
- Area
- 80 - 85 m²
Description
McKenzie Residence 2 stands completed and ready in Iskele, in the Iskele District of Northern Cyprus (TRNC), finished in December 2024. The developer, Dörter Construction, built one-bedroom apartments ranging from 80 to 85 square meters. Pricing starts at 300,000 British pounds, with a price per square meter from 3,529 British pounds. Each apartment exceeds 80 square meters, giving the one-bedroom layout generous living space.
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≈ $397,509Rate 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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