Flat in Northern Cyprus. City - Famagusta
ID SB-310
Address: Kuchuk Yerenkoy, Famagusta
Price: €878,076
Total area: 150 m²
Bedrooms: 3
Bathrooms: 3
Year built: 2024
Property type: 3+1 Three-Bedroom Apartment, Bungalow
Property status: Investment, New Listings, New Construction, For Sale
Features
Description
A stunning bungalow that will catch your attention!
A boutique project consisting of only 14 houses, each with its own garden and additional private pool.
The project is located in a magnificent place right above an untouched bay. Enjoy the untouched beach with crystal clear turquoise sea. The complex is located in the village of Kuchuk Yerenkoy. It is not far from the city of Kyrenia, just a 20-minute drive away. The city has a very developed infrastructure, with schools, universities, and medical facilities.
Your new home in sunny Mediterranean with a magical view of the sea and sunset. A small cozy complex. You will love it! No crowds of tourists, no noise, just your own space. Entry to the complex is only for property owners or their guests.
The bungalows are simply gorgeous. Imagine, they have 3 bedrooms. And not to mention 3 bathrooms, which is very convenient. The interior area of the bungalow is 150 sq.m. And the adjacent terrace is 70 sq.m.
There are two rows of luxurious bungalows in the complex. Pre-sale is starting now. Make sure to make a deposit! Don't miss your chance! Exclusive sales at the most advantageous prices have begun. The initial deposit for reservation is 5,000 pounds. And then you can take advantage of a unique offer from the developer: 30% initial down payment - paid within 4-6 weeks from the deposit, 70% - without interest payments for 24 months. This is a favorable installment plan without bank interest.
So, a stunning bungalow 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 (927 261 $) 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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