Buying an open-plan (studio) apartment in Northern Cyprus in the Magnolia Residential Complex will allow you to see for yourself that local real estate is the best investment opportunity with long-term benefits. Also, purchasing residential real estate in the TRNC is an equally good idea if you are looking for a new home. After all, there are 330 sunny days there, an almost endless beach season (except for three months), and a favorable Mediterranean climate that’s good for healthy living, with winter temperatures never falling below +15. We offer you a cozy studio on the ground floor in a modern complex called Magnolia.
Magnolia Residential Complex: General Description
Magnolia Residential Сomplex is located in Iskele, the town that the Cypriots themselves call the future Miami. Ten years ago, there was a small village here, and today Iskele is a modern area, which is actively built up by developers specializing in the construction of resort facilities. The surroundings of the town are famous for their historical sites, including the following:
- the ancient city of Salamis;
- Roman baths;
- ancient amphitheater with excellent acoustics;
- marble pool.
The stretch of beaches along Iskele coastline is 25 km. One of the most picturesque beaches of the island is located on the local coast called Long Beach. Busy entertainment infrastructure and service facilities, golden sand, easy entrance in the sea – all these advantages make living in Iskele as comfortable and enjoyable as you can only imagine.
The premises of Magnolia Complex include 47 properties, among which one can find:
- open-plan (studio) apartments, 1+1, 2+1, and 3+1;
- loft apartments 1+1, 2+1, and 3+1;
- twin villas 3+1;
- single villas 4+1.
The panoramic windows of the apartments offer gorgeous views of the sea and the surroundings. The houses are designed according to modern trends and made of high-quality materials.
The following infrastructure facilities work within Magnolia Residential Complex:
- garden;
- cafe;
- mini-market;
- gym;
- playground;
- children’s swimming pool;
- walking area, etc.
The final commissioning of all the properties within the residential complex is scheduled for October 2025. Buying a studio in Magnolia in Northern Cyprus is a great idea not only as an investment, but also in order to visit this luxurious Mediterranean spot for holidays or to live there permanently. Here, far from the bustle of the city and everyday problems, you can relax and gather strength for your new achievements.
Another great offer: a studio apartment in Northern Cyprus’s Caesar Resort. Affordable and comfortable!
Description of the Property in the Magnolia Complex
The open-plan studio is located on the ground floor in block “A” of the Magnolia Residential Complex. There is an exit to the terrace. The property is fully finished and furnished. All the necessary engineering communications are connected and ready to use.
| Total Area | 45 m2 |
| Kitchen | Built-in |
| Exit to Terrace | Yes |
| Furniture | Everything necessary |
| Price | 110000 USD |
| Installments | Initial down payment in the amount of 35% (38,500 USD). The rest of the price may be paid in installments over 3 years, with quarterly payments (6,000 USD). |
| Other payments | 0.5% stamp duty, 5% VAT, 2,450 USD transformer duty |
| Commissioning date | Autumn 2025 |
If you are planning to buy more upscale real estate in North Cyprus, we can make you an exclusive offer – Erbatu Hills Residential Complex offers some luxurious villas. For more information, email us today or fill out a contact form on our website!
The opportunity to buy a studio apartment in the Magnolia Complex in Northern Cyprus by installments makes this offer even more attractive for investors. The price of this property is expected to increase by 30% by the end of the coming year, that is, by December 2023, the cost of the studio apartment will already be $143,000. Considering that the installment plan is created for three years, the prospects of the property’s value increasing quite considerably are perfectly real. We recommend you not to postpone the decision, because this apartment is the last one on offer out of all the studio apartments in the complex.
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How Can You Buy a Studio Apartment in Northern Cyprus?
If you have decided to buy a studio apartment in the Magnolia Complex, please email our experts at info@offshore-pro.info.
We provide full support to our clients at all stages of the purchase. In addition, we offer anyone who wants to move to Northern Cyprus comprehensive services, including the following:
- selection of the real estate in Northern Cyprus that best matches your needs, either for residence or for rent;
- assistance in buying the most suitably-priced air tickets, transfer from the airport;
- assistance in obtaining a residence permit for Northern Cyprus;
- opening a bank account in Northern Cyprus;
- assistance with asset relocation.
Should there be a need, we will also be happy to help you with the registration of children in a kindergarten / school. In addition, we can help resolve possible employment issues. Our specialists will provide you with 24/7 support. We also offer assistance opening a personal account in a bank in Northern Cyprus remotely.
Will I be able to sell the real estate I buy in Northern Cyprus later?
Yes, of course. To do this, you will need to provide all the documents for this property, then find a buyer, draw up and sign a contract. At the final stage, you will receive funds for the sold object. It is also important to remember that when transferring real estate ownership to the buyer, you will be obligated to pay a tax of 3% of the value of the object.
How safe is it to live in Northern Cyprus?
The crime rate in the TRNC is unbelievably low. Life in the republic is steady and calm, and the local population is friendly.
How much can maintenance of real estate in Northern Cyprus cost?
The size of monthly maintenance fees for an apartment in a residential complex varies from 40 to 80 USD.
