Flat 60 м² in Famagusta, Cyprus

236 214 $

3 936 $ /м²

4OUa5

Flat 60m² in Cyprus, Famagusta. Priced at 175000£ rent photo- #1

Flat 60m² in Cyprus, Famagusta. Priced at 175000£ rent photo- #2

Flat 60m² in Cyprus, Famagusta. Priced at 175000£ rent photo- #3

Flat 60m² in Cyprus, Famagusta. Priced at 175000£ rent photo- #4

Flat 60m² in Cyprus, Famagusta. Priced at 175000£ rent photo- #5

Flat 60m² in Cyprus, Famagusta. Priced at 175000£ rent photo- #6

Area

60 м²

Bedrooms

Bathrooms

Apartment next to the main road in Gazimagouza, North Cyprus

A stylish apartment in a prime location in the heart of the town in the north of Cyprus in Gazimachusa.The apartment is located in Gazimakhouz, which is a key town on the island in the eastern part. Today it is one of the most popular cities on the island due to tourism, education, commerce, culture and art. Gazimahuse is located near the international airport and is one of the ideal places for summer vacations on the Mediterranean Sea. Several universities are located in the city, providing a balance of population during winter and summer periods. The Çanakkale neighborhood is located between the universities and all necessary amenities are available within its boundaries.The apartment for sale in North Cyprus is located 450 meters from the city center, 700 meters from Magusa Life Hospital, 1.5 km from Eastern Mediterranean University, 2 km from Gazimakhuse Port, 3.5 km from Gazimakhuse 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-story building. The building has extensive facilities such as parking lot for each apartment, reception, indoor swimming pool and fitness room. The apartment has an open plan kitchen-living room. From the living room there is access to the bedrooms, bathroom and toilet. The apartment has a balcony which is common for the bedroom and the living room. The floors of the apartment have first class ceramic tiles. There are closets in the bedrooms, kitchen and bathroom. The apartment is equipped with satellite TV, central internet connection, air conditioning and intercom. ECN-0197

Services and facilities

Air conditioner

Lift

Additional details

Property type

Residential Properties

Object type

Flat

Price

236 214 $

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 (236 214 $) 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).