Flat in Northern Cyprus. City - Famagusta
Northern Cyprus real estate by the sea is a wonderful opportunity to purchase a spacious 3+1 apartment in a prestigious residential project in the Yeniboyazici district. If you are planning to buy an apartment in Northern Cyprus for permanent residence, family vacation, or a profitable investment, this modern project will be an excellent choice. Spacious apartments with three bedrooms, private gardens, large terraces, and modern design are located just a few steps from the sea, near Famagusta and Iskele.
The residential project is located in one of the most attractive districts of Northern Cyprus — Yeniboyazici, not far from the famous port city of Famagusta. The area is ideal for those who value a calm atmosphere, proximity to the sea, and convenient access to urban infrastructure.
The project is located just 10 minutes' drive from Famagusta and Iskele. Shops, cafes, schools, and all necessary facilities for a comfortable life are located in the immediate vicinity.
These luxurious apartments are created for those who dream of living by the sea surrounded by nature and modern comfort.
The buildings are surrounded by green summer gardens filled with the scent of blue jasmine. Large balconies and private gardens create the perfect space for relaxation, family dinners, and pleasant time in the fresh air.
The project offers two options for 3+1 apartments:
Each residential block consists of only 4 apartments, which ensures privacy, silence, and a comfortable atmosphere for residents.
All apartments are finished with first-class materials and designed in a modern style. Every detail is thought out for the convenience of the owners.
Open kitchens, large windows, functional storage systems, and ergonomic layouts make the space as comfortable as possible for family life.
Thanks to the correct lighting and large panoramic windows, the interior becomes bright, spacious, and filled with sunlight every day.
A 3+1 apartment in Yeniboyazici is not only an ideal option for family living but also a promising investment in Northern Cyprus real estate.
Proximity to the sea, location near Famagusta and Iskele, and high rental demand make this property attractive to those looking for new buildings in Northern Cyprus by the sea.
Currently, the developer offers a favorable installment plan, allowing you to purchase an apartment on convenient terms.
✔ 3+1 apartment in Northern Cyprus
✔ Seafront real estate in Yeniboyazici
✔ Just a few steps to the coast
✔ 3 bedrooms — ideal for a family
✔ Option with a private garden or a roof terrace
✔ Apartment area from 96 m²
✔ Garden of more than 100 m² (for Ground Floor apartments)
✔ Roof terrace of 40 m²
✔ Additional terrace of 39 m²
✔ Modern architecture and high-quality finish
✔ Only 4 apartments in each block
✔ Installment plan from the developer
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 (330 601 $) 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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