Flat in Northern Cyprus. City - Famagusta
ID SA-369
Address: Kucuk Yerenkoy, Famagusta
Total area: 142 m²
Bedrooms: 3
Bathrooms: 2
Year built: 2023
Property Type: 3+1 Three-Bedroom Apartment, Flat
Property Status: Investment, New Listings, New Builds, Sale, Project
Features
Description
A new unique coastal development project. It is located in an excellent location on the first coastline. It is just a few minutes' walk from a private picturesque beach.
This beautiful area combines not only harmony with nature, but also modern architectural design with comfortable living.
The project consists of five multi-apartment buildings. All apartments will have a panoramic view of the sea and mountains. Additionally, this project benefits from amenities such as direct beach access. Just a three-minute walk away. Also on-site are a café and bar. There is also a communal pool, a zone for relaxing yoga, tennis, and landscaped gardens. All apartments will be equipped with high-quality finishing, including heated floors in bathrooms. The terraces will consist of a barbecue area, shower, sink, pergola, and infrastructure for a jacuzzi.
We offer you to purchase apartments with three bedrooms. You will have a huge terrace of 42 square meters! It is characterized by very high-quality construction. For example, a 30-centimeter insulated concrete slab and steel. Roof, foundation, walls, and bricks waterproofing. Wall structure: bricks/blocks, beams. Marble staircase and aluminum double-glazed windows.
Also, a one-ton water tank is installed on the roof. To save electricity, solar panels and a solar water heater system are also installed on the roof. All plumbing connections, including pipes, inserts, and water pumps, are included in the standard equipment.
Developer's Guarantee — five years!
So, Garden apartments on the very coast 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 (513 435 $) 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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