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Flat 66 м² in Famagusta, Cyprus

ID 4OWiG
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Area
66 m²
Bedrooms
2
Bathrooms
1

Description

Flat in Northern Cyprus. City - Famagusta

North Cyprus real estate: 2+1 apartments in Geçitkale in a modern residential complex
North Cyprus real estate is in high demand among investors and buyers looking for modern apartments by the sea, favorable purchase conditions and prospects for property value growth. If you want to buy an apartment in North Cyprus, take a look at the new 2+1 apartments in Geçitkale. The modern residential complex combines developed infrastructure, a comfortable living environment, proximity to the sea and attractive investment opportunities. This property is perfect both for permanent residence, holidays, and for earning income from renting out real estate in North Cyprus.

The unique residential complex is surrounded by nature and created for those who value tranquility, comfort and a high quality of life. The developer offers a wide choice of properties: 1+1, 2+1, 3+1 apartments, as well as spacious 2+1 and 3+1 penthouses. All apartments feature modern architecture, high-quality finishes, well-designed layouts and are equipped with modern household appliances.

The infrastructure of the complex meets the requirements of modern North Cyprus property buyers. The grounds include landscaped green areas for relaxation, outdoor and indoor pools for adults and children, a restaurant, a cafe-bar, a supermarket, a pharmacy, a beauty salon and a fully equipped fitness room. For those who enjoy an active lifestyle, there is a multifunctional sports court, cycling and walking paths. An additional advantage is the organized transfer to the beach, thanks to which you can reach the sea quickly and comfortably.

The offered 2+1 apartments are located in a modern six-storey building. The total area of the apartment is 66 m², and the spacious balcony of 6.5 m² will be an excellent place to relax in the fresh air. The layout includes a bright living room, a convenient kitchen, two bedrooms and a combined bathroom. The thoughtful use of space makes the apartment comfortable both for a family and for seasonal living.

Another important advantage of the property is its location — the drive to the coast takes only about 10 minutes. Thanks to the combination of a convenient location, modern infrastructure and high construction quality, this apartment will be an excellent choice for living, holidays or investment.

Completion of construction is scheduled for 2026, which makes it possible to purchase the property at an attractive price at the construction stage and take advantage of favorable investment conditions.

If you are considering North Cyprus real estate, want to buy an apartment in Geçitkale, purchase modern housing by the sea or invest in a promising project, these 2+1 apartments will be one of the best offers on the market.

When purchasing 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
3
Object type
Flat
Price
108 904 $
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 (108 904 $) 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 2 bedrooms in Famagusta, Cyprus