Flat in Northern Cyprus. City - Famagusta
ID SA-1173
Address: Yeniboaziçi, Famagusta
Total area: 83 m²
Bedrooms: 1
Bathrooms: 1
Year built: 2024
Property Type: 1+1 One-Bedroom Apartment
Features
Description
New apartments will catch your attention!
So, we offer you a new project located in the Yenibogazici area. Moreover, it is within walking distance to sandy beaches. Just three minutes away from the historic ancient city of Salamis and five minutes away from Famagusta. It is the perfect place for those who want to have all the infrastructure at hand while enjoying tranquility.
The designed area with magnificent views. Open spacious rooms and panoramic windows.
All apartments in the complex have a spacious living room and entrance hall. The flooring is of very high quality. High-quality acrylic kitchen cabinets. Additionally, each bedroom has built-in wardrobes. The master bedroom with a dressing room and bathroom. Window sills made of natural marble. Aluminum windows with double glazing and thermal insulation. Suspended ceiling and lighting in the entrance hall, living room, and kitchen. Glass staircase and balcony railings. Open and covered terraces.
There is an open parking area in a gazebo style on the complex grounds. Magnificent swimming pools. Around them, there is a relaxation area with sun loungers and umbrellas.
The first phase of this complex will be built in July 2024. The rest will be fully ready in January 2025. This means that now is the best time to make profitable investments. Currently, at the beginning of construction, prices are at their lowest. The initial payment is only 40 percent. The remaining amount can be comfortably paid over the entire construction period. And this installment plan is completely interest-free. Don't miss out on such a profitable offer!
So, New apartments are 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 (185 051 $) 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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