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Flat 69 м² in Famagusta, Cyprus

ID 4OWcF
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Area
69 m²
Bedrooms
2
Bathrooms
1

Description

Flat in Northern Cyprus. City - Famagusta







2+1 apartments in Iskele Yeniboğaziçi — affordable real estate in Northern Cyprus near the sea

Affordable real estate in Northern Cyprus — a great opportunity to buy an apartment by the sea for living, vacation or investment. 2+1 apartments are offered in the Iskele Yeniboğaziçi area — one of the promising directions for buying real estate in Northern Cyprus. Convenient location near Famagusta and Iskele, developed infrastructure and high potential for value growth make this property especially attractive for investors and buyers.


The residential project is distinguished by quality construction and a well-thought-out concept. The territory provides all conditions for comfortable living: an outdoor pool, a children's playground, parking spaces and landscaped recreation areas. The territory is guarded, and access is provided only to residents and their guests, which ensures safety and privacy. The project includes only two buildings, creating a cozy and calm atmosphere.


Within walking distance there are shops, cafes, restaurants and entertainment venues, which makes living as convenient as possible. Proximity to the main cities of the region — Famagusta and Iskele — provides quick access to all urban infrastructure.


The 2+1 apartments have a convenient layout: two spacious bedrooms, a bright living room with an open-plan kitchen and a bathroom. A special advantage is the large panoramic balcony, which runs along the living room and kitchen and opens pleasant views. This is an ideal option for a small family or for renting out in Northern Cyprus.


At the construction stage, an installment plan from the developer is available, which makes buying real estate in Northern Cyprus even more profitable. This is an excellent investment with prospects for value growth and the opportunity to move for permanent residence by the sea.



2+1 apartments in Iskele Yeniboğaziçi — this is profitable real estate in Northern Cyprus that is waiting for you!







When buying this apartment - VELES Property provides assistance not only in obtaining a residence permit, but also a bank account, driver's license and medical insurance in Northern Cyprus!


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Characteristics

Property type
Residential Properties
Number of rooms
3
Object type
Flat
Price
123 165 $
Year of construction
2024

Infrastructure

  • Open pool
  • Cafeteria
  • Playground

FAQ

How can I get a residence permit by buying property in Cyprus?

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.

Is a mortgage available for non-residents in Cyprus?

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.

What taxes and fees apply when buying in Cyprus?

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.

How is the title checked in Cyprus?

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.

Can I rent out property after purchase in Cyprus?

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.

Is a property inspection recommended before purchase?

Yes. An inspection costs about 0.5–1% of the price (123 165 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

How long does the purchase process take in Cyprus?

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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Flat with 2 bedrooms in Famagusta, Cyprus