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Flat 104 м² in Famagusta, Cyprus

ID 4OWkU
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Area
104 m²
Bedrooms
3
Bathrooms
2

Description

Flat in Northern Cyprus. City - Famagusta

North Cyprus Real Estate: spacious 3+1 apartments in Geçitkale for family and investment
North Cyprus Real Estate continues to be one of the most sought-after destinations among buyers looking for modern seaside living, profitable investment projects and comfortable apartments for living. If you are planning to buy an apartment in North Cyprus, take a look at the spacious 3+1 apartments in Geçitkale. This is modern housing in a developing area, ideal for family living, holidays and investment in North Cyprus real estate with high growth potential.

A unique residential project, harmoniously integrated into the natural surroundings, is located in Geçitkale and aimed at buyers who value tranquillity, comfort and an eco-friendly lifestyle. The developer offers various layouts: 1+1, 2+1, 3+1, as well as 2+1 and 3+1 penthouses. All apartments are made using modern materials, quality finishes and equipped with modern household appliances.

The infrastructure of the residential project meets the high standards of North Cyprus real estate. The grounds include green recreation areas, outdoor and indoor pools for adults and children, a restaurant, a café-bar, a supermarket, a pharmacy, a beauty salon and a modern fitness room. There is also a multifunctional sports area, cycling and walking paths. A shuttle to the beach is organised for residents, making living as comfortable as possible.

The offered 3+1 apartments are ideal for a family. The apartment is located in a modern six-storey building and is just 10 minutes' drive from the sea, making it especially attractive both for living and for renting out. The total area is 104 m², providing space and comfort for all family members.

The layout includes a bright living room, a functional kitchen, three bedrooms and two bathrooms, ensuring convenience for everyday life. An additional advantage is a balcony of 6 m², where you can enjoy fresh air and pleasant views.

Completion of construction is planned for 2026, which allows you to purchase real estate at the construction stage and profitably invest in North Cyprus real estate with the prospect of value growth.

If you are looking for a 3+1 apartment in North Cyprus, real estate in Geçitkale, family housing by the sea or investment apartments in North Cyprus, this property will be one of the best options on the market.

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
4
Object type
Flat
Price
130 295 $
Year of construction
2026

Infrastructure

  • Fitness center
  • Open pool
  • Cafeteria

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 (130 295 $) 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 3 bedrooms in Famagusta, Cyprus