Flat in Northern Cyprus. City - Famagusta
ID SA-3112
Address: Famagusta, Tatlısu
Total area: 110 m²
Bedrooms: 3
Bathrooms: 2
Year of construction: 2013
Property type: 3+1 Three-bedroom Apartment, Apartment
Property status: Resale, For sale
An apartment in Tatlısu will capture your attention!
So, this complex was built by a British developer with high-quality materials. The settlement has low-rise two-story houses with attics.
Located in the most ecological and promising place in Northern Cyprus. There is a supermarket nearby. And a 10-minute drive away is the famous open-air exhibition: Cyprus in miniature (all the sights of northern and southern Cyprus). A large sandy municipal beach is a 10-minute drive away. Plus, a 20-minute drive to the island's largest marina with a large private yacht park.
The three-bedroom apartment is very spacious, with an area of 120 sq.m. It is located on the ground floor and has its own separate garden in front of the veranda. Inside the apartment, there are two bathrooms, a backyard, and two 4 sq.m. storerooms. It comes equipped with all household appliances.
The distance from the complex to the sea is 70 m.
The complex has everything you need for living and relaxation:
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 (147 579 $) 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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