Property for Sale in İskele, North Cyprus | Real Estate in İskele
Antalya Homes ® offers properties for sale in Iskele across a wide range of portfolios. To find your dream property contact us for more information and seize the opportunity among numerous options.
Cyprus: An Island of Opportunities
Located between the Anatolian Peninsula and Arabian Plate, Cyprus is the third-largest island in the Mediterranean Sea. The island enjoys a sunny climate with an average of 300 days of sunshine per year. A total of 1.244 million people reside there, with Turkish and Greek being the most widely spoken languages. As a tourist point, English is also one of the most spoken languages.
In recent years, North Cyprus has been a profitable investment point as well as a holiday spot. It offers affordable prices, making it a second home for university students. There are many international universities throughout Cyprus, with Girne and Lefkoşa being at the top of the list.
For retirees, the island serves as a starting point for a new beginning. The sunny climate, low cost of living, and streamlined visa and residence permit processes make it an appealing choice.
For the investors, there are many opportunities in North Cyprus. The island has several developing areas that are predicted to increase in value. Gazimağusa, Lefke, and İskele are examples of these areas.
What are the Benefits of Investing in Property in Iskele, North Cyprus?
Firstly, real estate in Iskele is mostly based on the British pound. When you decide to invest in Iskele properties, you don’t need to worry about preserving the value of your money. Secondly, Iskele North Cyprus property options offer amortization in their value in a short duration compared to other Mediterranean resorts.
The average amortization duration is 10-15 years. This means that, for example, buying apartments for sale in Iskele, that after an average of 10-15 years, it will have paid for itself after an average of 10-15 years, resulting in a profitable investment.
Strong rental potential is not limited to apartments. Villas also have great rental potential, accommodating short-term rentals like Airbnb or long-term holiday homes. In this respect, villas for sale in Iskele are seen as good investment tools with attractive rental yields.
As previously mentioned, Cyprus has areas that are increasing in value day by day. One such area is Long Beach, which belongs to Iskele. Long Beach is listed among the top 10 beachfront destinations expected to rise in the future by a world-famous magazine. Shortly, Iskele property prices, especially on the coast are expected to increase in the following years. In this way, properties in the city offer profitable returns.
What Types of Properties are Available for Sale in Iskele, North Cyprus?
The region offers a wide range of properties, from holiday homes to investment properties. Iskele property market trends primarily focus on seafront properties. With the location offering an eternal Mediterranean view, sea-view apartments are used both for permanent settlement and for building holiday homes in İskele.
Another type of Iskele beachfront property includes villas with large gardens and unique features. The residents of these villas are generally tourists and locals. Other property types, such as commercial properties and hotels, are also among the options for Iskele investment property. In highly tourist regions, these properties gain traction from both tourists and natives.
In addition to these properties, it is possible to find properties that appeal to certain segments. For instance, many portfolios are available in Iskele luxury properties. On the other hand, advantageously priced it is possible to find resale properties in Iskele.
What are the Average Property Prices in Iskele, North Cyprus?
Property prices vary based on location, features, and quality of real estate. Prices tend to be higher as you get closer to the sea. In this way, it is hard to say an average price. However, with the current market conditions, it can be seen that real estate in Iskele is advantageously priced compared to similar holiday destinations in the Mediterranean.