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Flat 89 м² in Famagusta, Cyprus

ID 4OV0j
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Area
89 m²
Bedrooms
2

Description

Flat in Northern Cyprus. City - Famagusta

ID SA-1163

Address: Famagusta, Yeniboazichi

Land area: 89 m²

Bedrooms: 1

Bathrooms: 1

Year built: 30-06-2025

Property type: 1+1 One-Bedroom Apartment, Apartment

Features

  • WiFi
  • Pool
  • Garden

Description

Luxurious 1+1 Apartments will catch your attention!

An amazing project is opening its doors for you. It is located within Yeniboazichi in the north of Famagusta. The complex operates all 4 seasons.

The project is close to the primary school of Yeniboazichi. Furthermore, it is very close to the sea and the beach. In addition, right in front of the planned green area, there is a large park.

We offer you two types of apartments. With garden and penthouses, with a total area of 89 square meters. The bathroom, combined with the toilet, is convenience and functionality. The bedroom is 14 square meters. There is also a balcony of 9.8 square meters, where you can enjoy fresh air and picturesque views. Special attention is given to the garden, occupying 19 square meters. Here you can create your own green oasis. Moreover, you can choose a penthouse for yourself and create a relaxation area on the huge rooftop terrace.

The construction is scheduled to be completed in June 2025. Currently, the developer offers a very favorable payment scheme. So, 40% of the cost is the initial payment. Then 30% of the cost - 2 years of monthly payments. And 30% of the cost - final payment (payment is made within 30 days after receiving the keys to the apartments).

So, Luxurious 1+1 Apartments are waiting for you!

 

Characteristics

Property type
Residential Properties
Number of rooms
2
Object type
Flat
Price
151 311 $
Floor
0
Year of construction
2025

Infrastructure

  • Open pool

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 (151 311 $) 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 2 bedrooms in Famagusta, Cyprus