Penthouse in Northern Cyprus. City - Kyrenia
North Cyprus Real Estate: Penthouse with Panoramic View in the Center of Kyrenia (Reyhan Toygan)
North Cyprus real estate continues to actively grow in price and attract investors thanks to its advantageous location, mild climate and high yield. If you are looking to buy an apartment in North Cyprus, elite real estate in Kyrenia or a penthouse with sea view in North Cyprus, pay attention to the exclusive Reyhan Toygan penthouse in the very center of Kyrenia. This is an excellent opportunity to purchase modern housing in one of the most sought-after locations on the island.
A new spacious penthouse in North Cyprus is for sale, located in the center of Kyrenia — a city where historical atmosphere, modern infrastructure and stunning sea views harmoniously combine. The property is located in a just-completed residential complex, which allows you to become the first owner and arrange the space to your individual style.
The penthouse is located on the 5th floor and offers a unique level of comfort and privacy. The spacious terrace opens panoramic views of the city of Kyrenia, the Mediterranean Sea, palm-lined streets and picturesque mountains. This is an ideal option for those who value real estate with sea view in North Cyprus and want to live in the center of events.
The layout includes two bedrooms, a spacious living room and a modern space ready for individual design and furnishing. Here you can create both stylish permanent housing and premium investment real estate in North Cyprus with high rental potential.
Advantages of the property:
– elite real estate in the center of Kyrenia
– panoramic terrace with sea and city view
– new residential complex (primary sale)
– 2 bedrooms and spacious living room
– high investment potential of North Cyprus real estate
– ideal for living and renting
The Reyhan Toygan penthouse is a rare offering on the North Cyprus real estate market, combining a prestigious location, new construction standards and unique views.
Don't miss the chance to purchase a penthouse in the center of Kyrenia — one of the most attractive directions of the North Cyprus real estate market.
In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Kyrenia; 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 Kyrenia 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 (246 330 $) 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 Kyrenia: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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