Flat in Northern Cyprus. City - Famagusta
ID SA-066
Address: Tatlysou, Famagusta
Total area: 43 m²
Bathrooms: 1
Year built: 2025
Property type: 0+1 Studio Apartment, Apartment
Property status: Investments, New Listings, New Builds, For Sale
Features
Description
If you look at the photos, you will immediately understand that this is a luxury project. The project itself is in a quiet location by the sea. Moreover, it is close to urban infrastructure. The location is simply magnificent. Views from the windows not only overlook the sea, but also the sea.
The new project is the largest residential project on the seafront in Cyprus with studios, penthouses, 1+1, 2+1 and luxury 3-bedroom villas. Total number - 500 apartments. Located on the coast of Tatlysou. The project includes artificial rivers, lakes, and islands scattered throughout the site. In addition, there are designer gardens on the premises. The complex has a heated indoor pool, a spa center, a restaurant, and a bar. For sports enthusiasts, there is a gym, basketball court, and tennis courts.
This project is planned to be completed by the end of 2025. So right now you have a unique opportunity to buy property in installments and at a low price.
There are three types of property in the project. Apartments with one or two bedrooms. There are also spacious studios. And the most luxurious ones are the villas.
We suggest you pay attention to the studios. This is the optimal combination of price and quality. Such an apartment is just right for a couple. Moreover, you can rent out the studio very profitably to holidaymakers. The studio area is 43 square meters. There is also a balcony with stunning views.
So, an incredible studio is 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 (183 461 $) 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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