Flat in Northern Cyprus. City - Famagusta
ID SA-220
Address: Salamis Yolu, Enibozadji
Total area: 79 m²
Bedrooms: 2
Bathrooms: 1
Year built: 30-01-2021
Property type: 2+1 Two Bedroom Apartment, Apartment
Property status: New, For Sale
Features
Description
Two-bedroom penthouse apartment in Northern Cyprus.
The complex is located in the ancient city area of Salamis, Enibozadji. Additionally, not far from the district center of Famagusta. Moreover, near the sea, beach, picnic area, and park.
Furthermore, the apartments have a shared pool, cafe, and garden for walks.
We invite you to familiarize yourself with the main features of the apartment:
Due to its excellent location, everything is nearby:
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 (351 480 $) 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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