Flat in Northern Cyprus. City - Iskele
ID SA-1172
Address: Long Beach, Iskele
Property Area: 69 m²
Bedrooms: 1
Bathrooms: 1
Year Built: 31-07-2024
Property Type: 1+1 One Bedroom Apartment, Apartment
Features
Description
So, this is a one-bedroom apartment in a five-story building. In addition, there is no high-rise buildings around, so it won't obstruct the view. The apartment is on the first floor. The area is quite spacious - 69 square meters. And there is also a terrace, 13 square meters in size.
This is a resale of a brand new apartment. The full amount has been paid, including all taxes. The house will be ready by mid-2024.
This complex is ideally located between the golden Long Beach and historical sights.
A full range of infrastructure for a relaxing vacation and entertainment. Also, refreshing pools, children's playgrounds and playroom.
Complex infrastructure:
So, the 1+1 Apartment is waiting for its owner!
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 (122 054 $) 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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