Flat in Northern Cyprus. City - Guzelyurt
ID SA-2179
Address: Gaziveren, Gyuzelyurt
Price: from 198,375 €
Total area: 150 m²
Living area: 71.36 m²
Bedrooms: 2
Bathrooms: 1
Garage: Underground
Garage size: 14,000 m2
Year of construction: 2024
Property type: 2+1 Double Apartment, Apartment, Loft
Property status: Investment, New, Sale, Project, Discount
Features
Description
A 2+1 apartment in a new dream project will not only be your home, but will also turn your life in the best direction.
General information
Payment
Infrastructure facilities
Entertainment options
Project location: Gyuzelyurt, Gaziveren
Project launch: October 2022
Project completion: approximately 2 years.
Initially, blocks 1 and 2 will be for sale. Later, blocks 3 and 4 will be available for sale in the second phase. However, construction of all 4 blocks will start simultaneously.
Undoubtedly the first block is considered the closest to the sea. Beneath all blocks is a car park area of 14,000 m2 for 410 cars and storage rooms.
Adjacent to the blocks are spaces for:
In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Guzelyurt; 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 Guzelyurt 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 (219 961 $) 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 Guzelyurt: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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