Flat in Northern Cyprus. City - Famagusta
Property Type: 1+1, Apartment
Bedroom: 1
Bathroom: 1
Plot Area: 89 m²
Year Built: 30-06-2025
Address: Famagusta, Yeniboazici
Luxury 1+1 Apartments will catch your attention!
An amazing project is opening its doors to you. It is located within Yenibogazici boundaries in the north of Famagusta. The complex operates all 4 seasons.
The project is close to Yenibogazici primary school. Moreover, it is very close to the sea and the beach. In addition, right in front of the planned area, where there is plenty of greenery, there is a large park.
We offer you two types of apartments. With a garden and penthouses, with a total area of 89 square meters. The combined bathroom and toilet is convenience and practicality. The bedroom is 14 square meters. There is also a balcony measuring 9.8 square meters, where you can enjoy fresh air and scenic views. Special attention is paid to the garden, covering 19 square meters. Here you can create your own green oasis. Moreover, you can choose a penthouse for yourself and set up a relaxation area on the huge roof terrace.
Features:
Construction will be completed in June 2025. Currently, the developer offers a very advantageous payment scheme. So, 40% of the cost is the initial payment. Then 30% of the cost is 2 years of monthly payments. And 30% of the cost is the final payment (payment is made within 30 days after receiving the keys to the apartments).
So, Luxury 1+1 Apartments are waiting for you!
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 (146 504 $) 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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