Flat in Northern Cyprus. City - Iskele
North Cyprus real estate continues to actively attract buyers thanks to affordable prices, developed infrastructure and high investment appeal. If you are looking to buy a studio in North Cyprus by the sea or are considering investments in North Cyprus real estate, take a look at a ready-to-move-in studio in Long Beach (Iskele) in the modern Riverside Life Residence complex. This is an excellent option for living, holidays and earning rental income.
A luxurious studio in North Cyprus with sea view is for sale, located on the 6th floor of a new residential complex built in 2024. The flat is located in one of the most popular areas — Long Beach, which is known for its beaches, developed infrastructure and high demand for rental property.
The Riverside Life Residence complex offers residents a full resort lifestyle with rich infrastructure and a gated guarded territory, which makes this North Cyprus property especially attractive for investment and comfortable living.
The complex's infrastructure includes:
– water park and pools
– fitness hall and SPA centre
– tennis and basketball courts
– outdoor sports areas
– children's playgrounds
– barbecue area
– equestrian club
– pool bar
– mini-market and hairdresser's
– green areas for relaxation
– cleaning services
– parking and central water supply
The 33.5 m² studio is a functional and cosy space, ideally suited for one person or a couple. The layout includes an open kitchen combined with the living and sleeping area, as well as a modern bathroom. Large windows provide natural light and open up a beautiful view of the surroundings and the sea.
An additional advantage is a designer package from the developer worth 10.000 dollars, which makes the flat fully ready for living or renting out.
All costs for the transformer fee, registration and VAT have already been paid, which makes the purchase as convenient and transparent as possible.
This studio in Long Beach is an excellent opportunity to buy property in North Cyprus by the sea with high investment potential.
Don't miss the chance to acquire a modern studio in Riverside Life Residence — one of the most sought-after North Cyprus real estate projects.
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 (99 828 $) 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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