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Flat 80 м² in Famagusta, Cyprus

ID 4OWgs
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Area
80 m²
Bedrooms
2
Bathrooms
1

Description

Flat in Northern Cyprus. City - Famagusta


North Cyprus Real Estate: 2+1 apartment in Famagusta near the sea and university
North Cyprus real estate in Famagusta is in high demand among buyers looking for an apartment by the sea, a family home, investment property or a property with high rental potential. If you want to buy an apartment in Famagusta, are considering investing in North Cyprus real estate or are looking for spacious apartments near the university and all city infrastructure, take a look at the 2+1 apartment in the modern GOLDEN RESIDENCE project. The project is located just 550 metres from the sea and is ideal both for permanent residence and for generating a stable rental income.

GOLDEN RESIDENCE — a modern residential building constructed using quality materials and modern technologies. For the comfort of residents, parking, a video surveillance system, a premium-class lift, marble staircases, as well as quality thermal and sound insulation are provided.

One of the main advantages of the property is its convenient location. Universities, schools, kindergartens, supermarkets, pharmacies, banks, sports clubs, fish restaurants, the City Mall shopping centre, the seaport and the historic centre of Famagusta are all in the immediate vicinity. Thanks to this, the apartment is perfect both for families and for investors focused on long-term or short-term rentals.

The 2+1 apartment has a total area of 80 m² and includes two spacious bedrooms, a modern bathroom and a kitchen combined with the living room. The apartment features built-in wardrobes, a built-in kitchen and bathroom, suspended ceilings and a functional layout ensuring comfortable living.

📍 Distance to the sea — just 550 metres
📍 Well-developed city infrastructure
📍 High demand for rental housing
📍 An excellent option for living and investment

📅 Project completion date — May 2026

Buyers have access to favourable developer instalments, which makes purchasing the property even more affordable.

A 2+1 apartment in Famagusta is a profitable investment in North Cyprus real estate, comfortable housing near the sea and the opportunity to receive a stable rental income in one of the most sought-after cities in the region.

So, the 2+1 apartment in Famagusta is waiting for you!

When purchasing real estate - VELES Property provides assistance with obtaining a residence permit and a bank account in North Cyprus.




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Characteristics

Property type
Residential Properties
Number of rooms
3
Object type
Flat
Price
127 703 $
Year of construction
2026

Infrastructure

  • Fitness center
  • 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 (127 703 $) 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