Flat in Northern Cyprus. City - Iskele
North Cyprus real estate in Iskele is an excellent opportunity to buy modern apartments by the sea in one of the most sought-after areas of the island. The 2+1 apartments in the new residential project BLUE RESIDENCE are ideal for permanent living, holidays and a profitable investment in North Cyprus real estate with high rental potential. The convenient location near the coast, Long Beach, well-developed infrastructure and attractive purchase conditions make this property an excellent choice for living by the Mediterranean Sea.
The residential project BLUE RESIDENCE in Iskele is located in an ecologically clean and quiet area of North Cyprus, which is very popular among property buyers. The sea is just a 10-minute walk away, and the famous Long Beach is only a 5-minute drive away.
The modern complex consists of five-storey buildings and offers a wide choice of apartments with layouts from 1+1 to 3+1 bedrooms. Each apartment is designed for comfortable living and features a balcony or terrace where you can enjoy the fresh air and beautiful views.
For sale is a spacious 2+1 apartment in Iskele with an area of more than 65 m². The apartments have a convenient layout, a comfortable living area and a large balcony. This is an excellent option both for your own living in North Cyprus and for earning income from long-term or seasonal rental.
The infrastructure of BLUE RESIDENCE includes everything necessary for a modern lifestyle:
Near the project there are the necessary infrastructure facilities: within walking distance there is a bakery and the popular restaurant Petek, which makes the area convenient for everyday living.
The completion date is 2026. Buyers are offered an advantageous interest-free instalment plan from the developer:
Apartments in Iskele are a reasonable choice for those who want to buy property in North Cyprus near the sea, get comfortable housing for living or a profitable investment property.
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 (187 989 $) 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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