1+1 apartments in the Palma complex will attract your attention!
So, we present to you a new luxurious project from a well-known developer. His popular projects are like entire cities. They have everything you need for living and recreation. A large family pool and an entertainment pool for young people. In addition, there is an indoor pool for winter relaxation. For children, there is a separate children's pool.
Round-the-clock surveillance cameras operate throughout the complex for security. Generator for outdoor structures and elevators.
The apartments have heated floors installed in the bathrooms. Private pools and relaxation areas are located near each building block. There is enough space for all residents! The complex's infrastructure is designed for a large number of people. Furthermore, the complex has a stunning garden and fountains. Delivery of the property: 2025
We offer you to purchase this one-bedroom apartment. It is quite spacious with an area of 54 square meters. In addition, there is a balcony with stunning views.
Pay attention to the developer's offer of interest-free installments.
Option A: 40% down payment, 20% paid before handing over the keys. Then, in the case of renting out your apartment through the developer's office, 24% (3 years x 8%) covers the rent. And 16% after 12 months following the end of the guaranteed rent.
Option B: 30% down payment and 70% paid over 84 months.
Option C: 75% down payment and 25% before handing over the keys.
A fabulous bonus for you is Cashback. A whole 6% return to you annually. And you can use this money as payment for the apartment.
So, 1+1 apartments in the Palma complex are waiting for you!
When purchasing this apartment, VELES Property provides assistance not only in obtaining a residence permit but also in opening a bank account, obtaining a driver's license, and medical insurance in Northern Cyprus!
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Characteristics
Property type
Residential Properties
Number of rooms
2
Object type
Flat
Price
184 747 $
Year of construction
2025
Infrastructure
Fitness center
Open pool
Cafeteria
Playground
FAQ
How can I get a residence permit by buying property in Cyprus?
In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Bogaz; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Is a mortgage available for non-residents in Cyprus?
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.
What taxes and fees apply when buying in Cyprus?
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.
How is the title checked in Cyprus?
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.
Can I rent out property after purchase in Cyprus?
Yes. Rental income tax is 5–25% depending on the regime. In Bogaz short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Is a property inspection recommended before purchase?
Yes. An inspection costs about 0.5–1% of the price (184 747 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
How long does the purchase process take in Cyprus?
A typical transaction runs 30–90 days, averaging 45 in Bogaz: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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