Flat in Northern Cyprus. City - Iskele
1+1 apartment in Bellagio, Iskele, Northern Cyprus — an attractive option for real estate investment with potential rental income. The project is located in one of the sought-after areas of Northern Cyprus, close to the sea, a private beach and city infrastructure. Bellagio combines modern architecture, the comfort of resort living and amenities for year-round living.
Spacious apartments with balconies and terraces are designed with aesthetics and functionality in mind. High ceilings, thoughtful layouts and proximity to the green area The Grove create an atmosphere of freshness, comfort and harmony with nature.
Bellagio offers a lifestyle that combines urban dynamics and the atmosphere of a Mediterranean resort. Residents can use the project's infrastructure throughout the year.
Location of Bellagio:
Thanks to its proximity to the sea and developed infrastructure, the 1+1 apartment in Bellagio is suitable both for personal living and vacation, and for real estate investment in Iskele with the prospect of renting out.
Infrastructure and amenities: indoor and outdoor pools, covered parking, children's playgrounds, restaurants, green areas, sports and massage rooms, sauna, rooftop restaurant and bar, entertainment center, beauty and health center, cleaning services, supermarket and takeaway food delivery.
Bellagio in Iskele — an opportunity to purchase an apartment in Northern Cyprus for comfortable living by the sea, vacation and long-term investment goals.
In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Iskele; 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 Iskele 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 (199 657 $) 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 Iskele: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
199 657 $
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