Villas in Kyrenia

When mentioning Kyrenia in Cyprus, its natural beauty inevitably comes to mind, along with its stunning coastal and mountainous views. These features have inspired real estate developers to design villas that cater to those seeking tranquility, luxury, and simplicity all at once.

If you're searching for villas for sale in Kyrenia, Cyprus, continue reading to learn about the specifications and prices. You'll be surprised to discover that they are much more affordable than in many European Mediterranean countries.

Why is Kyrenia a Special Place to Buy Villas?

Kyrenia (also known as Girne) is located in Northern Cyprus on the Mediterranean coast, about 43 kilometers from Ercan International Airport. It is the leading tourist city in the region and an ideal destination for purchasing villas, offering a wide variety of options, from sea-view properties to those near vital amenities.

Here are the reasons that make Kyrenia ideal for living and real estate investment:

1. Captivating Mediterranean Nature
   With sunshine gracing most days of the year, Kyrenia offers a warm, lush environment filled with greenery and vitality. Its pristine beaches and mountainous landscapes make it a perfect place for relaxation.
2. Low Living Costs
   Living expenses in Kyrenia are lower compared to many European countries.
3. Excellent Infrastructure
   The city boasts modern amenities such as parks, hospitals, schools, and markets.
4. Safety
   Since the establishment of the Turkish Republic of Northern Cyprus in 1974, it has remained a safe country despite limited international recognition (only by Turkey). Kyrenia, in particular, enjoys low crime rates, making it a secure and stable city that attracts residents, tourists, and investors alike.
5. Tourist Attractions
   Being a tourist hub, Kyrenia thrives with activities such as diving and boat trips. Visitors can also explore beautiful historical landmarks like castles, museums, and the old harbor. This creates high demand for short-term rentals during tourist seasons, providing great returns.
6. Mild Climate
   Kyrenia enjoys a Mediterranean climate, with warm summers and relatively mild winters, making it a pleasant place to live year-round.
7. Real Estate Appeal
   Stability, safety, natural beauty, and historical treasures have driven a real estate boom in Kyrenia. Architects and developers have created designs that suit both tourists and residents. Rental yields are high, averaging around 7%, especially for properties near the sea and tourist attractions. Moreover, property prices are reasonable compared to Europe.
8. Installment Plans
   Many developers offer flexible payment plans for off-plan purchases, with initial payments around 30% of the villa's price at contract signing. The remainder can be paid in monthly installments until the project is complete. It is advisable to consult with the "Binaa" team to explore available villas for sale in Kyrenia, ensuring they meet your needs and uncover attractive investment opportunities.
9. Tax Exemptions and Low Costs
   Property taxes in Northern Cyprus are relatively low compared to other countries. Additionally, the cost of living is affordable, with the local currency being the Turkish Lira.
10. Economic and Real Estate Growth
    Northern Cyprus, especially Kyrenia, is experiencing significant economic growth, which increases the value of properties over time. Investing in tourist areas or near major projects presents an excellent opportunity to benefit from future price appreciation.

Specifications of Kyrenia Villas

Kyrenia offers a wide range of villas scattered across its scenic areas, tailored to meet diverse needs and tastes. Here are some of the best options:

Lapta Villas

Located 20 minutes west of Kyrenia, Lapta features both small and large villas with a minimum indoor area of 132 square meters. The amenities include gardens and swimming pools. The finishes are of excellent quality, with superior wall insulation to withstand the humid coastal climate.

Esentepe Villas

Situated east of Kyrenia, Esentepe (or Isentepe) is known for its tranquility and stunning beaches. Villa sizes range between 130 and 220 square meters, offering modern designs, high-quality finishes, and recreational facilities like swimming pools and family-friendly gardens.

Alsancak Villas

Alsancak, a vibrant village west of Kyrenia and closer than Lapta, is lively with restaurants, cafes, and hotels. The area features elegant villas in various sizes, surrounded by an active community atmosphere.

Villa Projects in Kyrenia

Kyrenia hosts some of the finest villa projects in its different areas, with a focus on modern designs, luxurious finishes, and attention to detail. Here are a few noteworthy projects:

Moonlight Villas in Esentepe

This luxurious project features six high-quality, smart duplex villas with three bedrooms and three bathrooms. While the area ensures peace and tranquility, it remains close to the lively beach and essential facilities like supermarkets and restaurants.

Bellapais Villas

Located in the village of Bellapais, home to the famous historic monastery and surrounded by stunning natural scenery, this project consists of eight modern detached villas with four bedrooms, private gardens, pools, and garages. Completion is expected in summer 2025.

Karaoğlanoğlu Villas

These villas offer a high level of comfort and accessibility to all essential amenities. They feature spectacular views and integrated modern furniture.

Prices of Villas in Kyrenia

One of the key attractions of Kyrenia’s real estate market is its affordability compared to other cities in Northern Cyprus. Prices vary depending on features such as private pools, lush gardens, and breathtaking sea or mountain views. Naturally, villas closer to the sea or with panoramic views are priced higher.

Below are approximate prices in USD:

Which is Better: Investing in an Apartment or Villa in Kyrenia?

The choice between investing in an apartment or a villa in Kyrenia depends on your budget and investment goals. Here’s an analysis of both options:

1. Price: Apartments are always cheaper than villas in Kyrenia. However, villas offer higher rental returns.
2. Demand: Apartments are more in demand, especially among students and small families. Villas, on the other hand, attract larger families, wealthy individuals, and privacy enthusiasts, especially in the summer.
3. Maintenance: Apartments are simpler and cheaper to maintain compared to villas.
4. Value Appreciation: Villas outperform apartments in long-term value appreciation, especially those in prime locations like Lapta, Alsancak, and Esentepe, which experience significant market value increases.
5. Privacy and Comfort: Villas provide a superior level of privacy and comfort compared to apartments.

Investing in either option can be profitable, but villas, with their long-term appreciation and appeal to affluent buyers, stand out as a solid choice.