House in Northern Cyprus. City - Famagusta
North Cyprus real estate is the perfect combination of affordable prices, favorable climate, and high investment potential. If you are looking to buy a house in North Cyprus, a bungalow by the sea, or a profitable investment in North Cyprus real estate, consider the cozy bungalow in the Stilos Villas complex in the Mutluyaka area, not far from Famagusta. This is an excellent offer for living, vacationing, or renting out.
For sale is a one-story bungalow with an area of 79 m², located in the quiet and promising Mutluyaka area. This region is actively developing and becoming increasingly popular among property buyers in North Cyprus due to its proximity to the city of Famagusta, nature, and peaceful atmosphere.
The house is designed in a modern style and offers a comfortable layout, ideally suited for permanent residence or vacation. The spacious plot provides privacy and the opportunity to arrange a recreation area, garden, or terrace.
Key advantages:
– one-story format — maximum convenience and comfort
– modern design and quality materials
– quiet area, ideally suited for a peaceful life
– proximity to Famagusta and necessary infrastructure
– high investment potential of North Cyprus real estate
The bungalow in Stilos Villas is an excellent opportunity to buy real estate in North Cyprus inexpensively and get comfortable housing in an ecologically clean area.
Don't miss the chance to purchase a house in North Cyprus that is suitable for both living and investment. Contact us to find out details and schedule a viewing!
In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Famagusta; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
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.
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.
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.
Yes. Rental income tax is 5–25% depending on the regime. In Famagusta short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (193 175 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Famagusta: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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