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Flat 85 м² in Arapkoy, Cyprus

ID 4OjKS
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Area
85 m²
Bedrooms
3
Bathrooms
2

Description

Flat in Northern Cyprus. City - Arapkoy

Spacious 3+1 apartment with terrace for sale in Chelsey Village, Arapköy
A cozy and spacious 3-bedroom apartment is located in the popular gated residential complex Chelsey Village in the Arapköy area. An excellent option for permanent family living, vacationing in Northern Cyprus, or renting out.

One of the main advantages of the apartment is the large open terrace, surrounded by greenery. Thanks to its location within the complex, it is quiet and cozy here. The area around the house is immersed in greenery: mature trees, palms, flowering shrubs, and well-maintained landscaping create a pleasant Mediterranean atmosphere.

The apartment is fully furnished and equipped with necessary household appliances. Air conditioners are installed, and there is a washing machine. The spacious terrace is perfect for organizing a relaxation area or an outdoor dining area.

Chelsey Village is a gated complex with a barrier and developed infrastructure. For residents, there are three large shared pools, a children's playground, a restaurant, and a poolside bar. Two supermarkets are within walking distance.

The management company provides care for the common area and technical maintenance of the complex, including electrician and plumber services, as well as organizing the delivery of drinking water and gas.

Property advantages: fully ready for occupancy, spacious terrace, green area, developed complex infrastructure, and convenient location.

The apartment is available for purchase by foreigners. Title deed is exchange. Only 100% payment, the property is not suitable for a bank loan.

An excellent option for family living in Northern Cyprus or real estate investment with good rental potential.

When purchasing real estate – VELES Property provides assistance in obtaining a residence permit and bank account in Northern Cyprus.


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Characteristics

Property type
Residential Properties
Number of rooms
4
Object type
Flat
Price
123 165 $
Year of construction
2013

Infrastructure

  • Open pool

FAQ

How can I get a residence permit by buying property in Cyprus?

In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Arapkoy; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Is a mortgage available for non-residents in Cyprus?

Banks in Cyprus finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

What taxes and fees apply when buying in Cyprus?

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

How is the title checked in Cyprus?

A title search at the land registry of Cyprus takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Can I rent out property after purchase in Cyprus?

Yes. Rental income tax is 5–25% depending on the regime. In Arapkoy short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Is a property inspection recommended before purchase?

Yes. An inspection costs about 0.5–1% of the price (123 165 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

How long does the purchase process take in Cyprus?

A typical transaction runs 30–90 days, averaging 45 in Arapkoy: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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Flat with 3 bedrooms in Arapkoy, Cyprus