Flat 82 м² in Famagusta, Cyprus

516 519 $

6 299 $ /м²

4OUgo

Flat 82m² in Cyprus, Famagusta. Priced at 381900£ rent photo- #1

Flat 82m² in Cyprus, Famagusta. Priced at 381900£ rent photo- #2

Flat 82m² in Cyprus, Famagusta. Priced at 381900£ rent photo- #3

Flat 82m² in Cyprus, Famagusta. Priced at 381900£ rent photo- #4

Flat 82m² in Cyprus, Famagusta. Priced at 381900£ rent photo- #5

Flat 82m² in Cyprus, Famagusta. Priced at 381900£ rent photo- #6

Area

82 м²

Bedrooms

Bathrooms

Centrally located property in Famagusta, Cyprus

Stylish property in Cyprus in Famagusta (Gazimagus), one of the most developed cities on the island. Famagusta is both a tourist and educational center with many universities and hotels. The city, which has an important historical significance, is famous for its proximity to the international airport and golden beaches on the shores of the Mediterranean Sea. Famagusta, which is one of the popular areas for European investors, is close to the beautiful sandy beaches in the south and north of the island.Property in Cyprus in Famagusta is located in one 9-storey block, literally a step away from the Eastern Mediterranean University, 400 meters from the Chanakkale Dam, 1 km from the city center, 2.5 km from Famagusta Hospital, 3 km from Glapsides Beach, 4 km from Famagusta harbor, 5 km from Palm Beach, 6 km from Near East College, 12 km from Pera McKenzie beach and club, 10 km from Derinya border crossing, 42 km from Ercan Airport and 59 km from Larnaca International Airport.There are 61 properties in the project consisting of one block of 9 floors high. There are 1+1 and 2+1 apartments for sale. The entrance to the building is through the reception. On the first floor there are stores. From the third floor and above there is an opportunity to buy apartments with a terrace. On the first floor the property is designed in loft style. All apartments have an open plan kitchen. The floors in the property are finished with high quality anti-slip ceramic or laminate. The property also offers many additional amenities such as central satellite system, internet connection and air conditioning infrastructure. The property code is ECN-0291.

Services and facilities

Air conditioner

Lift

Additional details

Property type

Residential Properties

Object type

Flat

Price

516 519 $

Characteristics

Air conditioner

Lift

FAQ

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 (516 519 $) 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).