Flat in Northern Cyprus. City - Guzelyurt
ID SA-388
Address: Gaziveren, Güzelyurt
Price: from 322,570 €
Total area: 176 m²
Living area: 95.83 m²
Bedrooms: 3
Bathrooms: 1
Garage: Underground
Garage size: 14,000 M2
Year built: 2024
Property type: 3+1 Three-bedroom Apartment, Apartment, Loft
Property status: Investment, New Listings, Sale, Project
Features
Description
A 3+1 apartment in a new dream project, will not only be your home but will also turn your life completely for the better.
General information
Building area of 18 donum of land (24084 m2), recognized internationally, Turkish title deed received before 1974
20-storeys 4 blocks, total of 401 apartments
First block: 125 apartments
Second block: 105 apartments
Third block: 85 apartments
Fourth block: 86 apartments
Payment
Infrastructure facilities
Entertainment options
Project location: Güzelyurt, Gaziveren
Project launch: October 2022
Project completion period - approximately 2 years.
First and second blocks will be available for sale first. Later, third and fourth blocks will be available for sale. However, construction of all 4 blocks will start simultaneously.
Undoubtedly, the first block is considered to be the closest to the sea. Naturally, there is a car park of 14000 m2 for 410 cars and storage rooms under all blocks.
Adjacent to the blocks are spaces for:
Your 3+1 apartment in a new dream project will also open up opportunities for you to visit:
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 (391 359 $) 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).
297 855 $
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