Flat in Northern Cyprus. City - Iskele
SA-1160
Address: Iskele, Long Beach
Living area: 71 m²
Bedrooms: 1
Bathrooms: 1
Year built: 30-06-2023
Property type: 1+1 One Bedroom Apartment, Apartment
Property status: New listings, New buildings, For sale
1+1 Apartment in a high-rise building on Long Beach will grab your attention!
So, this is a new project by the company, which is being built on Long Beach. Our project consists of 9-story buildings with a sea view. It is a building resembling a five-star hotel. It has everything for your comfort.
There is a large parking lot on the premises. Video intercoms and surveillance systems are provided for security. In addition, there is a communal pool and a playground for residents. Solar panels are installed on the building for energy savings.
The building is conveniently located. There is a basketball court and tennis court nearby. The apartments offer amazing sea views. There is a large modern fitness center, modern beauty salon, schools, pharmacies, and a hospital in the vicinity. Additionally, the sandy beach is within walking distance.
Right now, you have the opportunity to take advantage of a unique offer from the developer. You only need to pay 40% as the initial installment. Then 30% in interest-free installments until you receive the keys, which will happen in the summer, so the wait is not long. The remaining 30% can be paid in installments until July 2025. And again - no bank interest! Don't miss out on this opportunity!
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 (122 861 $) 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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