Flat in Northern Cyprus. City - Iskele
SA-1163
Address: Long Beach, Iskele
Living Area: 69 m²
Bedrooms: 1
Bathrooms: 1
Year Built: 20-11-2023
Property Type: 1+1 One Bedroom Apartment, Apartment
Property Status: Resale, For Sale
Apartment in a large complex will attract your attention!
So, we want to offer you a comfortable one-bedroom apartment. It is located in a well-known complex in Long Beach. This is the largest complex in North Cyprus.
The apartment is in a five-story new building. There are no tall buildings around, nothing will obstruct your view from the window. The apartment is on the first floor with a spacious terrace of 13 sq.m. The full amount for the apartment has been paid, including all taxes. Ready by November 2023.
Moreover, look at the advantages of the resort-residential complex:
Developed infrastructure for children and adults, meeting the requirements for both permanent residence and seasonal leisure.
A wide range of services provided on the complex grounds and in the commercial zone.
A variety of apartments for any budget.
Convenient layout and quality interior finishing of the apartments.
Post-sales service.
Possibility of renting out apartments.
The complex has developed infrastructure, a commercial area with shops, supermarket, beauty salons, pharmacy, bars. A fabulous cafe Paris with its own bakery. Also, with car rental offices, taxi, and much more.
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 (148 361 $) 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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