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Flat 70 м² in Famagusta, Cyprus

116 245 $

1 660 $ /м²

4OWeA
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Area

70 м2

Bedrooms

3

Bathrooms

1

Year of construction

2022

Apartment in North Cyprus. City - Famagusta

Apartment 2+1 - the best investment for you will attract your attention!

Excellent investment opportunity apartment 2+1. In addition, in an excellent location in the city of Famagusta. Just walking distance to the shopping center City Mall.
You are presented with an apartment in a 5-storey building. On each floor there are 4 apartments 2+1. The area of the apartment is quite large 70m2.

In addition, the apartment is easy to rent. And also suitable for permanent residence.

Do not miss this opportunity to buy an apartment in the resort town of Famagusta. Yes, in addition, at a very affordable price. The apartment is brand new. In the apartment you are waiting for a good clean repair. Also installed kitchen set and plumbing. At the same time, the plumbing and kitchen is of very good quality.
Travelers from all over the world come to the Cypriot city of Famagusta. To see its ancient and new sights. And also to enjoy a comfortable vacation on the white beaches of the Mediterranean Sea. And at least a glimpse of the mystical neighborhood of Varosha, which is closed to visitors.
The modern neighborhood of Famagusta has the most restaurants, bars. As well as coffee shops. All of them are concentrated on Salamis Road. The main treats are the family-run Petek pastry shop. And of course ice cream and oriental sweets. On hot days the terrace of the establishment is filled with guests. Children and adults taste numerous delicacies and admire golden fish swimming in a beautiful pool with a fountain.

The local beaches stretch in a long strip from the suburbs of Famagusta to the Karpas peninsula and are separated from each other by small isthmuses. In addition, the sea is calm, with crystal clear water. And beach areas are equipped with umbrellas, sun beds, toilets and shower cabins, rental catamarans and water skis. Lifeguard teams are constantly on duty on the beaches. To make you feel safe and comfortable.

All right, Apartment 2+1 - the best investment for you is waiting for you!

When buying this apartment - VELES Property provides assistance not only in obtaining a residence permit, but also a bank account, driver's license and medical insurance in North Cyprus!



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Additional details

Property type

Residential Properties

Number of rooms

3

Object type

Flat

Price

116 245 $

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 (116 245 $) 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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