Villas in Iskele
Buying a house in Iskele is an affordable opportunity to obtain residency in Northern Cyprus and move to the seaside permanently. It can also be considered as an option for seasonal relaxation or investment. The Iskele settlement is known for the beauty of its beaches, while the larger city of Famagusta can be reached by car in 20 minutes. A transfer to the international airport takes about 45 minutes.
This populated area, with a comfortable climate, is located directly on the coast and provides a measured way of life. Another plus is the low crime rate and attractive housing prices.
Foreigners can buy villa in Iskele and dispose of it as private property, including selling, renting, or bequeathing it. An additional advantage of buying is the fact that with investments in real estate, residency can be obtained not only by the owner but also by all members of his family, which is not available in all countries.
Villas for sale in Iskele can be purchased ready for occupancy or selected from objects in under-construction residential complexes. Real estate under construction has several advantages:
- The possibility of arranging interest-free installments, offered by many developers. You need to make an initial payment, and then pay the remaining amount on schedule.
- The presence of a choice not only of specific layouts but also of interior finishes or additional amenities. For example, some developers offer to install a fireplace in the room or place a swimming pool in the backyard for an additional fee if it is not provided for by the project.
Purchasing property in Cyprus can be carried out either by paying the full cost from one's funds or with the involvement of mortgage lending.
Investment house in Iskele
Among the reasons to invest in villa in Iskele, one can highlight:
- Steadily growing demand for housing;
- Limited areas for further development.
These circumstances contribute to the growth of prices. Accordingly, the buyer becomes the owner of a liquid and potentially profitable asset.
When buying a villa in Cyprus, you can profit within the framework of short- or long-term strategy. The highest income is available from the resale of housing bought at the excavation stage. By the time of delivery, the property appreciates by several tens of percent.
You can also plan to buy an investment house in Iskele for further renting out. On average, the income from leasing property for long-term rent reaches 8–10% per annum. For short-term rentals, this figure is even higher and amounts to 10–14% per annum. The guaranteed income programme is also popular, under which the owner receives a certain percentage of profit per year over several years, while the developer's company manages the property. You can also entrust the search for tenants to local real estate agencies. In this case, the owner usually pays a commission of about 30% of the total profit amount, but all the cares are taken over by a professional realtor.
Villas prices in Iskele
For mass-market villas, prices in Iskele average $1,986 (€1,810) per 1 m². The price of a similar area in premium properties is higher. The starting price of a house in Iskele is about $350,000 (€319,000), but the pricing is directly related to several factors:
- Proximity to the sea, with first-line properties costing more;
- Area and number of bedrooms;
- The size of the adjacent plot and the location of the villa. Some developers offer houses not for 1, but for 2 owners, which affects not only the privacy of living but also the price;
- Availability of additional amenities. Some projects include a swimming pool and/or access to a private beach.
You can find the cost of villas in Iskele on our website.
Buying house in Iskele
The portal presents a real estate database from developers and local agencies. Only up-to-date information is published on the site, and listings are regularly replenished. The search system is equipped with filters, with which you can select the type of property you are interested in, the area of location, and calculate the price in dollars and euros. Specialists will help you choose a house or an apartment in Cyprus, meeting all the future owner's wishes. If you encounter an issue while trying to buy house in Iskele, simply fill out the feedback form to receive a consultation.