Property for Sale in Esentepe, Northern Cyprus

Nestled on the northern side of the Kyrenia mountain range, and having the best view to the sparkling Mediterranean Sea, you could find a coastal village, one of the best-kept secrets of Northern Cyprus. The beautiful sea views, green landscapes, and peaceful vibe has turned Esentepe into a real estate heaven for homebuyers and investors alike. vestment that yields lucrative returns, Properties for Sale in Esentepe, Northern Cyprus have something to suit everyone’s taste. Let’s see what awaits us.

Why Esentepe Stands Out

The village is particularly appealing to those people who seek both worlds: quiet, rural life, close enough to the vibrant city life. We speak here of just a 20-minute drive from Kyrenia. Be it from the breathtaking Besparmak Mountains right down to the crystal waters of the Mediterranean; everywhere in Esentepe, you will have a 4k view of natural beauty. You can see that this will be ideal for nature lovers, golfers, and those looking for a relaxed lifestyle.

One of the major attractions you will see in Esentepe is the Korineum Golf & Beach Resort. It is the first 18-hole golf course that Northern Cyprus has ever had. This kind of a world-class facility has really had an impact on the popularity of the village, even attracting golf enthusiasts to the area and causing further surge in property prices in Esentepe.

The area has also maintained lots of walking trails, beaches, and historical points of interest to keep residents and visitors busy.

Overview of Esentepe Real Estate Market

The real estate market in Esentepe is actually dynamic, with the enhanced interest of foreign buyers and the continuous development of new residential projects. The prices for property in central Esentepe are competitive; thus, this destination is attractive for investors who seek not only affordability but also long-term growth.

• Average Property Prices: The average property price in Esentepe hovers around £120,000. However, the prices of property can vary a great deal depending on the type and size of the property. For instance, villas tend to be costlier since their plots are larger and their locations are fancier; on the other hand, apartments prices in esentepe fall into an affordable bracket for a greater number of clients.
• Price per Square Meter: The average price per square meter in Esentepe is tempting, especially when compared with other coastal regions around the Mediterranean.
• Rental Yields: The average rental yield in Esentepe is promising, which is approximately 5%. That means if your purchase price is €150,000, you could expect to receive up to €7,500 annual income from renting.
• Annual Price Growth: During the last years, prices for property in Esentepe have been increasing at an annual growth rate of approximately 3% per year. The consistent appreciation of property value indicates how this region has become appealing and infrastructural development is going on within the region.

The Most Sought-after Property Types in Esentepe

The most sought-after property types within Esentepe include villas and apartments. Indeed, villas remain highly demanded among foreign clients looking to buy either a holiday home or a retirement property. A good number of them come with big gardens, private pools, and stunning sea views, making them a really luxurious place for anyone to buy a villa in central Esentepe. On the other side of the equation are apartments that are very good for buyers looking for more affordable means of entering the real estate market in Esentepe. Let’s have a closer look at what’s in demand in terms of property in Esentepe:

Demand and Supply in Esentepe

There is equal demand and supply of properties in Esentepe. New developments are coming up to match the growing interest from local and foreign buyers. Plus, the real estate market is well regulated, ensuring that new constructions are in perfect harmony with nature. This careful approach in building offers the ability to retain the Esentepe’s original charm while modern amenities and infrastructure add to it’s charm.

Foreign Buyer Interest

Overseas interest in Esentepe has woken up significantly in recent times, a lot from the UK, Russia, and the Scandinavian countries. Nature’s beauty combined with reasonable property prices has made the village worth visiting for overseas investors. Many foreigners have been charmed by the peaceful surroundings of Esentepe and decided to buy a second home for a peaceful retirement.

Mortgage Rates and Transaction Costs

When we suggest that it is fairly easy to afford a property here, we sure have our reasons. The average mortgage rate in Cyprus is around 2.5%, however, its rates can vary depending on the bank and your financial profile. When buying property in Esentepe, you need to also pay transaction costs, which are roughly 7-8% of the property purchase price. These costs include legal fees, stamp duty, and VAT.

Future Outlook for Esentepe Real Estate

It is our view that the future outlook of the real estate market in Esentepe is promising. There is also evidence of stable growth over the next few years, which is going to be further supported by the growing popularity of Esentepe with foreign buyers and the continuous development of the town. This is, therefore, the ideal time to invest in real estate in North Cyprus.

The strategic location and variety in properties add to the promising future of Esentepe, making it perfect for any investor who aims to enjoy returns and a serene lifestyle. With steady property price appreciation, attractive rental yields, and a village that secures solid returns on investment within this picture-postcard region, it’s difficult to lose.

Final Words

In one sentence, Esentepe is not just a picturesque village but also a very prospective real estate market. From apartments in the heart of Esentepe to beautiful villas, affordable as most property prices in Northern Cyprus indicate so, Esentepe offers a wide variety of options to fit various tastes and budgets. Most fortunately for its current and future residents, Properties for Sale in Esentepe, Northern Cyprus is bound to stay in the sights of investors and homebuyers for a long period of time.