Flat in Northern Cyprus. City - Famagusta
Property Type: 1+1, Apartment
Bedrooms: 1
Bathrooms: 1
Living Area: 50 m²
Plot Area: 61 m²
Year Built: 31-12-2025
Address: Famagusta, Gecitkale
1+1 Apartments in Gecitkale Will Catch Your Attention!
So, this unique project, intertwined with nature, is now in Gecitkale. The complex is waiting for all investors who love peace and nature. The developer offers 1+1, 2+1, 3+1 apartments and 2+1, 3+1 penthouses. The apartments are designed with high-quality finishes and modern technology.
Complex Amenities. First and foremost, there are green areas. Transfer to the beach is also organized. There is a restaurant, cafe/bar, pharmacy, and supermarket. Multifunctional sports court. Open pool for adults and children. Indoor pool for adults and children. Bike and walking paths. Beauty salon and gym.
So, let us tell you about the apartment itself. It is a beautiful 1+1 apartment located in a six-story building. With a total area of 50 square meters, it is ideal for comfortable living. Upon entering the apartment, you enter a spacious living room. The bathroom is combined with the bathroom. The highlight of this apartment is the cozy 11-square-meter balcony. Here you can enjoy the fresh air and picturesque views. The complex where these apartments are located is just a 10-minute drive from the sea.
Features:
Construction will be completed in 2025.
So, 1+1 Apartments in Gecitkale 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 (75 694 $) 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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