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Flat 44 м² in Caraolanol, Cyprus

134 490 $

3 056 $ /м²

4OdUm
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Area

44 м2

Bedrooms

1

Bathrooms

1

Year of construction

2014

Apartment in Northern Cyprus. City - Karaolanoglu




Ready 1+1 Apartment in Karaolanoglu will attract your attention!

We offer you a beautiful one bedroom apartment located in the picturesque village of Karaolanoglu. The apartment is fully ready to live in and has all the necessary documents, however taxes are not paid and unfortunately it is not suitable for purchase by foreigners.


- Unique location: the apartment is located in a complex of 11 blocks, just 100 meters from the sea. It is ideal for those who dream of living near the beach and enjoy the sea breeze every day.


- Developed infrastructure: two minutes walk from the main road, where there are supermarkets, pharmacies, bus stops and everything you need for a comfortable life.


- Excellent rental potential: the proximity to the sea and the American University makes this apartment attractive for long-term and daily rentals. This is a great opportunity for investors looking for reliable rental income.


- Ideal for vacation and residence: the apartment is perfect for both your own vacation and permanent residence.


- Spacious layout: a one-bedroom apartment with a cozy living room and bedroom connected by a shared balcony.


- Cozy balcony: the balcony provides additional space for a comfortable stay.

Additional details

Property type

Residential Properties

Number of rooms

2

Object type

Flat

Price

134 490 $

Infrastructure

Cafeteria
Playground

FAQ

In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Caraolanol; 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 Caraolanol 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 (134 490 $) 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 Caraolanol: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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