Under construction
£1,114per m²Iskele, TRNC (Northern Cyprus)
Elysium 2, photo 1Price from
£125,000≈ $165,256 · Rate as of 2026-11-14US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.£1,582 per m² ≈ $2,091
cheaper than 65% of city projects: -9%Data verified Oct 7, 2026 · price source: developer partner network · updated 1 mo. ago
- Properties
- Apartments
- Area
- 79 - 130 m²
- Bedrooms
- 1 - 2
- Completion
- Q4 2026
- Readiness
- Under construction
- Dry season
- Jul, Aug, Jun
- First instalment
- 5%
Price
Is this expensive for the city
$2,091 per m², Iskele median $2,295
Median $2,295This project $2,091
$1,833$2,799
-9% vs the city median (Iskele), sample of 7 projects. cheaper than 65% of city projects.
Rate as of 2026-10-12, city data updated 2026-10-12. 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
- 5%Step 1 · On booking$8,263
- 30%Step 2 · On contract$49,577
- 5%Step 3 · Tax$8,263
- 65%Step 4 · Before commissioning$107,417
- Total
- 105% · $173,519
The developer may revise the payment schedule. Confirm the current terms before the deal.
ROI Calculator
$132,205$371,232
$132$2,512
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
- $456
- Annual income
- $5,465
- Gross yield
- 5.5%
- Net yield
- 3.3%
- Value in 5 years
- $221,150
- 5-year ROI
- 50%
See calculation details
- Gross annual rent
- $9,043
- Common area fee
- -$1,880
- Tax (10%)
- -$904
- Agent commission
- -$793
- Net annual income
- $5,465
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: Jan, Dec, 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 | 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
- Apartments
- Completion
- Q4 2026
- Status
- Under construction
- Area
- 79 - 130 m²
Floor plans
| Floor plan | Unit type | Area from | Price range | Price per sq m |
|---|---|---|---|---|
| Studio | 79 m² | 125,000 £ | 1,582 £ / m² | |
| 1 Bedroom | 86 m² | from 175,000 £to 181,000 £ | ||
| 2 Bedrooms | 130 m² | 234,000 £ | 1,800 £ / m² |
Price is indicative, updated 12.11.2026
Description
Isatis Construction is building Elysium 2 in the Iskele District of Northern Cyprus, in the city of Iskele. The project is under construction, with completion set for October 2026. Units range from one to two bedrooms, with areas spanning 79 to 130 square meters, giving buyers a choice between a compact one-bedroom layout and a larger two-bedroom plan.
Prices start at 125,000 British pounds and reach up to 234,000 pounds, with a price per square meter of 1,582 pounds. The gap between the lowest and highest prices lines up with the difference in area between the smallest and largest units on offer.
The development sits within the Iskele District, in TRNC (Northern Cyprus). Construction is ongoing at this stage, and units can be purchased now ahead of the scheduled handover in October 2026.
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 = 0.7564 GBP≈ $165,256Rate as of 2026-11-14
Denominated in GBP - a natural hedge against a weakening USD.
Sources: exchangerate-api.com
Location
Iskele, Republic of Cyprus
Amenities
- Children's Pool
- Fitness Center
- Indoor Pool
- Outdoor Pool
- Sauna
- Restaurant & Cafe
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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