Flat 90 м² in Famagusta, Cyprus

233 226 $

2 591 $ /м²

4OUoD

Flat 90m² in Cyprus, Famagusta. Priced at 171100£ rent photo- #1

Flat 90m² in Cyprus, Famagusta. Priced at 171100£ rent photo- #2

Flat 90m² in Cyprus, Famagusta. Priced at 171100£ rent photo- #3

Flat 90m² in Cyprus, Famagusta. Priced at 171100£ rent photo- #4

Flat 90m² in Cyprus, Famagusta. Priced at 171100£ rent photo- #5

Flat 90m² in Cyprus, Famagusta. Priced at 171100£ rent photo- #6

Area

90 м²

Bedrooms

Bathrooms

Property in the center of Cyprus in Famagusta

Luxury property in Cyprus in Famagusta (Gazimagouche) Famagusta (Gazimajushe) is one of the developed cities of the island of Cyprus and a tourist center where many universities and hotels are located. This city, which also has an important historical significance, is known for its location near the international airport and golden sandy beaches. Famagusta is one of the preferred destinations for European investors and is in close proximity to the most beautiful beaches from the south and north of the island.The property in Famagusta, Cyprus is located in a 9-storey building in close proximity to the Eastern Mediterranean University, 400 meters from the Chanakkale Dam, 1 km from the city center, 2.5 km from Famagusta State Hospital, 3 km from Glapside Beach, 4 km from Famagusta Port, 5 km from Palm Beach, 6 km from Nir East College, 12 km from Pera McKenzie Beach Club, 10 km from the border of Derinj, 42 km from Erkan Airport and 59 km from Larnaca International Airport.There are 61 real estate units in the project consisting of one 9-storey block. The properties are presented in 1+1 and 2+1 variants. The building has a reception at the entrance and stores on the first floor. An upper terrace is accessible from the 3rd floor. On the first floor the property has a loft style. All units have an open kitchen layout. The floors are made of premium tiles with anti-slip coating and laminate parquet. The comfort of the residents is ensured by a central satellite TV system, infrastructure for internet and preparation for air conditioning. ECN-0291.

Services and facilities

Air conditioner

Lift

Additional details

Property type

Residential Properties

Object type

Flat

Price

233 226 $

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 (233 226 $) 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).