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Flat 50 м² in Famagusta, Cyprus

ID 4OWia
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Area
50 m²
Bedrooms
1
Bathrooms
1

Description

Flat in Northern Cyprus. City - Famagusta

North Cyprus Real Estate: 1+1 apartments in Geçitkale — a profitable investment in a modern project
North Cyprus real estate in Geçitkale is an excellent opportunity to buy a modern apartment for living, holiday or investment. The 1+1 apartments in the new residential complex combine comfort, quality construction, developed infrastructure and proximity to the sea. If you are planning to buy North Cyprus real estate at an attractive price with high investment potential, this project will be an excellent choice.

The new residential project is located in the picturesque area of Geçitkale, surrounded by nature and greenery. This is the ideal place for those who value silence, an ecologically clean atmosphere and a calm lifestyle. The developer offers a wide choice of real estate: 1+1, 2+1, 3+1 apartments, as well as spacious 2+1 and 3+1 penthouses. All apartments are made using modern construction technologies, quality finishing materials and are equipped with modern appliances.

The complex grounds provide everything necessary for comfortable living and full relaxation. Residents have access to landscaped green areas, a restaurant, a cafe-bar, a supermarket and a pharmacy. For lovers of an active lifestyle, there is a multifunctional sports ground, a gym, cycling and walking paths. There are also outdoor and indoor swimming pools for adults and children, a beauty salon and a transfer to the beach is organised.

We suggest paying attention to the cosy 1+1 apartments located in a modern six-storey building. The total area of the apartment is 50 m², which provides comfortable living space. The layout includes a spacious living room, a separate bedroom, a modern kitchen and a combined bathroom. A special advantage is the balcony with an area of 11 m², where you can enjoy fresh air and picturesque views. The distance to the sea is only 10 minutes by car.

The completion date is planned for 2026, which makes the purchase especially attractive both for own living and for long-term investments in North Cyprus real estate.

1+1 apartments in Geçitkale are profitable North Cyprus real estate combining modern comfort, developed infrastructure and high investment potential.

When buying real estate - VELES Property provides assistance in obtaining a residence permit and a bank account in North Cyprus.


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Characteristics

Property type
Residential Properties
Number of rooms
2
Object type
Flat
Price
94 642 $
Year of construction
2026

Infrastructure

  • Fitness center
  • Open pool
  • Cafeteria

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 (94 642 $) 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