Flat 38 м² in Famagusta, Cyprus

102 607 $

2 700 $ /м²

4OUeF

Flat 38m² in Cyprus, Famagusta. Priced at 76000£ rent photo- #1

Flat 38m² in Cyprus, Famagusta. Priced at 76000£ rent photo- #2

Flat 38m² in Cyprus, Famagusta. Priced at 76000£ rent photo- #3

Flat 38m² in Cyprus, Famagusta. Priced at 76000£ rent photo- #4

Flat 38m² in Cyprus, Famagusta. Priced at 76000£ rent photo- #5

Flat 38m² in Cyprus, Famagusta. Priced at 76000£ rent photo- #6

Area

38 м²

Bedrooms

Bathrooms

Centrally located property in Cyprus, Famagusta

Stylish property in Cyprus in Famagusta (Gazimagüza), one of the developed cities on the island of Cyprus. There are many universities and hotels here, so Famagusta is both a tourist center and a city of education. It is also known for its important historical location, as well as its proximity to the international airport and golden sandy beaches. Famagusta is among the preferred areas for European investors and is a short drive from the most beautiful beaches in the south and north of the island.The property in Famagusta in Cyprus is located in one 9-storey building, in close proximity to 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 Nir East College, 12 km from Pera McKenzie beach and club, 10 km from Derinia checkpoint, 42 km from Ercan Airport and 59 km from Larnaca International Airport.There are 61 properties presented in this single storey project with 9 floors. The properties are presented in 1+1 and 2+1 types. There is a reception at the entrance. Also in the building on the first floor there are stores. After the 3rd floor there is an opportunity to choose a property with a terrace. On the first floor there are loft-style properties. All properties have an open kitchen layout. All floors are made of premium non-slip ceramic tiles and laminate parquet. The building has many amenities such as central satellite system, internet infrastructure and air conditioning preparations. EKN-0291."

Services and facilities

Air conditioner

Lift

Additional details

Property type

Residential Properties

Object type

Flat

Price

102 607 $

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 (102 607 $) 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).