Flat 80 м² in Famagusta, Cyprus

189 014 $

2 362 $ /м²

4OUbT

Flat 80m² in Cyprus, Famagusta. Priced at 140000£ rent photo- #1

Flat 80m² in Cyprus, Famagusta. Priced at 140000£ rent photo- #2

Flat 80m² in Cyprus, Famagusta. Priced at 140000£ rent photo- #3

Flat 80m² in Cyprus, Famagusta. Priced at 140000£ rent photo- #4

Flat 80m² in Cyprus, Famagusta. Priced at 140000£ rent photo- #5

Flat 80m² in Cyprus, Famagusta. Priced at 140000£ rent photo- #6

Area

80 м²

Bedrooms

Bathrooms

Apartment next to the main road in Gazihouz in North Cyprus

A stylish apartment in a prime location in the heart of the city center in Gazimagouz in Northern Cyprus. The apartment is located in the key city of the island located on the eastern part. Today it is one of the most popular cities on the island due to tourism, education, commerce, culture and arts. Gazimagouza is close to the international airport and is an ideal summer destination for a Mediterranean vacation. There are several universities in the city, providing a balance of population in both winter and summer. The apartment is located in the Çanakkale neighborhood between the universities where all kinds of amenities are available.The apartment offered for sale in North Cyprus is 450 m from the city center, 700 m from Magusa Life Hospital, 1.5 km from Eastern Mediterranean University, 2 km from Gazimagouza Port, 3.5 km from Gazimagouza State Hospital, 4.7 km from Galpsides Beach, 5.5 km from Palm Beach, 48 km from Ercan Airport and 62 km from Larnaca International Airport.The apartment is located in a 12-storey block. The block has rich amenities such as parking space for each apartment, reception, indoor swimming pool and fitness. The apartment has an open plan kitchen-living room at the entrance. From the living room there is access to the bedrooms, bathroom and toilet. The apartment has a balcony which is used for both bedroom and living room. The floors in the apartment are covered with high quality ceramics. There are closets in the bedrooms, kitchen and bathroom. The apartment has satellite TV, central connected internet infrastructure, air conditioning infrastructure and intercom system. ECN-0197

Services and facilities

Air conditioner

Lift

Additional details

Property type

Residential Properties

Object type

Flat

Price

189 014 $

Characteristics

Air conditioner

Lift

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 (189 014 $) 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).