Flat in Northern Cyprus. City - Famagusta
ID SA-064
Address: Kucuk Yerenkoy, Famagusta
Total area: 49 m²
Bathrooms: 1
Year of construction: 2024
Property type: 0+1 Studio Apartment, Apartment
Property status: Investments, New Listings, New Builds, For Sale, Project
Features
Description
Studio in Kucuk Yerenkoy will catch your attention!
We present to you a brand new project. Moreover, it's by a very well-known developer. Sales have just started. And you have the opportunity to buy an apartment at the most advantageous price. Plus, you can take advantage of interest-free installment payments from the developer. High quality construction and finishing materials.
In the complex, we offer you cozy studios, two-bedroom apartments. And spacious individual bungalows with three bedrooms. All apartments are handed over in a finished state with installed kitchen and plumbing. Additionally, there is a parking space near each house. And a large communal parking for complex guests.
The complex is fenced only for residents and their guests. There is a bar and restaurant on the complex grounds. Also, a luxurious two-tier pool with a waterfall. Sun loungers and umbrellas are installed around the pool.
The panoramic windows offer views of the sea or mountains. The unique location of the complex allows you to enjoy the sea breeze. And at the same time, the fresh clean mountain air.
The area is growing and developing rapidly. The village has everything you need. From shops to pharmacies. In addition, a magnificent coastline stretches in front of the complex. A long line of sandy beach.
Don't miss the fantastic opportunity to buy property in this complex. An excellent place for a comfortable vacation and stable rental income.
So, the Studio in Kucuk Yerenkoy is waiting for you!
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 (109 118 $) 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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