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Flat 80 м² in Famagusta, Cyprus

151 666 $

1 895 $ /м²

4OWek
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Area

80 м2

Bedrooms

3

Bathrooms

1

Year of construction

2019

Apartment in North Cyprus. City - Famagusta

A cool apartment in the center of Famagusta is definitely a great investment. First, you can settle in one of the historical centers of Cyprus. Enjoy the Mediterranean climate, swim in the sea and walk through the ancient streets and explore the ancient buildings and excavations.

In addition, nowadays Famagusta is quite a modern city with a developed infrastructure. A lot of shopping centers, stores, cafes and restaurants are ready to offer you everything you need for a comfortable stay. In addition, it is worth reminding about a unique ghost town - Vorosha. It was the center of European tourism in the last century. Many millionaires and show business stars preferred to vacation here. Of course, nowadays this town is planned to be reconstructed and made again a center of tourism and recreation.

Secondly you can rent out these apartments all year round. Apartments in new buildings are very much in demand. Since Famagusta is a port city that supplies the whole of Northern Cyprus with various goods. Undoubtedly this is a lot of jobs and consequently families who need housing. At the same time it is a city of students. Currently, more than 20000 students are studying at the universities of Famagusta. Of course, all of them would like to live in nice new apartments.
The apartment itself is spacious and bright with large panoramic windows. From which opens a beautiful view. In addition, the construction used modern quality materials. Moreover, an excellent built-in kitchen is included in the price.

In addition, the neighborhood has everything you need - market, stores, school and park. You can reach the sea in 10 minutes by car. This is a great opportunity for your whole family.

A cool apartment in the center of Famagusta with Veles Property is waiting for you!



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Additional details

Property type

Residential Properties

Number of rooms

3

Object type

Flat

Price

151 666 $

FAQ

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 (151 666 $) 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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