Flat in Northern Cyprus. City - Iskele
North Cyprus real estate, especially studios by the sea in the Iskele Long Beach area, is one of the most popular destinations for investment and home buying. If you are looking for a studio apartment in North Cyprus, a property by the sea with developed infrastructure, or a property with high rental potential, take a look at the offering in Grand Sapphire Resort — one of the most prestigious resort projects with 5★ service standards.
The 47 m² studio is a well-planned and functional space where the living and kitchen areas are harmoniously combined. Panoramic windows fill the apartment with natural light and open up a picturesque mountain view. The apartment features a modern bathroom, making the property fully ready for comfortable living.
The apartments are located on the 7th floor, which provides beautiful views and additional privacy. The property is ideal for a single person, a couple, or an investor considering North Cyprus real estate for rental.
Grand Sapphire Resort is located just a few steps from the sea and offers its own equipped beach and beach club, which is a key advantage for buyers of property by the sea.
The complex's infrastructure includes:
This is an excellent opportunity to buy North Cyprus real estate inexpensively with high growth potential and stable rental income.
The studio in Grand Sapphire Resort is the ideal choice for living, relaxation and investment by the sea!
In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Iskele; 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 Iskele 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 (123 165 $) 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 Iskele: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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