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Flat 37 м² in Famagusta, Cyprus

ID 4OV1z
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Area
37 m²
Bedrooms
1

Description

Flat in Northern Cyprus. City - Famagusta

ID SA-0114

Property Type: 0+1, Studio, Apartment

Bedroom: 0

Bathroom: 1

Area: 37m²

Year Built: 2026

Address: Famagusta Center

Description

A 0+1 Studio in Famagusta will catch your attention!

We present to you a luxurious house with parking, a video surveillance system, and a luxury class elevator. The building also features marble stairs, soundproofing and thermal insulation construction. Modern and practical design using only high-quality construction and finishing materials. The distance to the sea is 550 meters.

Nearby amenities include: University, school, kindergarten, Supermarket, Pharmacy, Bank, Beauty Salon, Port. Additionally, there is a sports club, football club, and a seafood restaurant by the sea. Within a 5-minute drive, you'll find the old fortress with historical sites. Also, the City Mall Shopping Center. The city center with shops and restaurants.

A studio with a total area of 37 m2 is an ideal option for a single person or a young couple. The main space of the studio combines the living room, bedroom, and kitchen. The studio has one bathroom with all amenities. Built-in closets in the hallway and bedrooms, built-in kitchen and bathroom, suspended ceilings.

Completion date: May 2026. And now you can take advantage of a favorable installment plan. 35% Initial payment. 35% - second payment at the construction stage or interest-free installment plan for 2.5 years. And 30% after receiving the keys or in installments for 1.5 years.

Features:

  • WiFi
  • Playground
  • Kindergarten
  • Water delivery
  • Store
  • Parking
  • Drinking water
  • Restaurant, cafe
  • Gym
  • Football field

So, a 0+1 Studio in Famagusta is waiting for you!

Characteristics

Property type
Residential Properties
Number of rooms
1
Object type
Flat
Price
65 536 $
Floor
0
Year of construction
2026

Infrastructure

  • Playground
  • Security 24/7

FAQ

How can I get a residence permit by buying property in Cyprus?

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.

Is a mortgage available for non-residents in Cyprus?

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.

What taxes and fees apply when buying in Cyprus?

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.

How is the title checked in Cyprus?

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.

Can I rent out property after purchase in Cyprus?

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.

Is a property inspection recommended before purchase?

Yes. An inspection costs about 0.5–1% of the price (65 536 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

How long does the purchase process take in Cyprus?

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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Flat with 1 bedroom in Famagusta, Cyprus