Flat in Northern Cyprus. City - Famagusta
ID SA-2241
Address: Kuchuk Yerenkoy, Famagusta
Price: from €204,884
Total area: 116 m²
Bedrooms: 2
Bathrooms: 2
Year of construction: 2024
Property type: 2+1 Two Bedroom Apartment, Apartment
Property status: Investments, New listings, Newly built, For sale, Project
Features
Description
The 2+1 apartments in Kuchuk Yerenkoy will catch your attention!
We present to you a brand new project. Moreover, this is a very well-known developer. Sales have just started. And you have the opportunity to purchase an apartment at the most favorable price. Plus, you can take advantage of interest-free installment payments from the developer. High quality of construction and finishing materials.
In the complex, we offer you cozy studios, apartments with two bedrooms. And furthermore, spacious standalone bungalows with three bedrooms. All apartments are handed over in finish with a fitted kitchen and sanitary ware. Also, each house has a parking space for a car. And a large common parking for complex guests.
The complex is fenced off only for residents and their guests. On the complex grounds, there is a bar and a restaurant. Also, a luxurious two-level pool with a waterfall. Sun loungers and umbrellas are set up near the pool.
The panoramic windows offer views of the sea or mountains. The unique location of the complex allows you to enjoy the sea breeze. And at the same time, the fresh clean mountain air.
The area is growing and developing rapidly. The village has everything you need. And there are shops and pharmacies. Plus, in front of the complex stretches a magnificent coastline. A long line of sandy beach.
Don't miss the opportunity to buy property in this complex. An excellent place for comfortable relaxation and stable rental income.
So, the 2+1 apartments in Kuchuk Yerenkoy 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 (237 997 $) 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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