Flat in Northern Cyprus. City - Famagusta
ID SA-1264
Property Type: 1+1, Apartment
Bedroom: 1
Bathroom: 1
Area: 48 m²
Year Built: 2026
Address: Center of Famagusta
Description
The 1+1 apartment in Famagusta will catch your attention!
We present to you a magnificent house with parking, a video surveillance system, and a luxury-class elevator. In addition, the house features marble staircases, 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 are: University, school, kindergarten, supermarket, pharmacy, bank, beauty salon, port. Additionally, there is a sports club, football club, and a fish restaurant by the sea. Within a 5-minute drive, there is an old fortress with historical sites. Also, the City Mall shopping center. City center with shops and restaurants.
Cozy bright 1+1 apartment with a total area of 48 m2. It has one spacious bedroom and a comfortable bathroom. Large windows provide excellent natural lighting, making your stay pleasant and cozy. Built-in closets in the hallway and bedrooms, built-in kitchen and bathroom, suspended ceilings.
Construction completion date: May 2026. And now, you can take advantage of a favorable installment plan. 35% down payment. 35% - second payment during construction or interest-free installment plan for 2.5 years. And 30% after receiving the keys or in installment for 1.5 years.
Features:
So, the 1+1 apartment in Famagusta is 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 (74 486 $) 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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