Flat in Northern Cyprus. City - Iskele
ID SA-1148
Property Type: 1+1, Apartment
Bedroom: 1
Bathroom: 1
Living Area: 78.6m²
Plot Area: 60.1m²
Year Built: 2025
Address: Iskele, Long Beach
Description
The 1+1 apartments in a luxury high-rise will catch your attention!
A new project by a well-known British company. Founded in 2008 in England, with operations in Northern Cyprus since 2015. The company has a successful track record in building roads, bridges, airports, mass housing worldwide. Additionally, the company manufactures medical equipment essential for life support. It conducts import-export transactions globally and has real estate agencies in England, Turkey, and Northern Cyprus, co-owns a local bank. The company is also the first contractor with a 7-star international certification in Northern Cyprus, emphasizing international construction experience and quality assurance. Key features include modern design, high-quality imported materials and construction, thermal insulation with Multipore gas concrete walls. Exchange title available in all projects.
The construction of the complex will begin in February 2023, with the completion of the properties scheduled for February 2025. At the initial stage of construction, you can benefit from the most favorable prices and conditions.
The project is situated in the Iskele area, opposite the Merrit Hotel. The distance to the sea is only 700m. All apartments offer a sea view, aqua park (over 1000 m2), and a restaurant. You can have a one-bedroom apartment with an area of 60 square meters and a luxurious terrace of 18.5 square meters.
Explore the advantageous installment plan offered by the developer. A 35% down payment with the remaining 65% payable over 24 months until project completion. Furthermore, when paying 100% of the apartment price, the developer provides free apartments for summer residence.
Features:
So, don't miss out on these luxury 1+1 apartments in a high-rise building!
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 (187 201 $) 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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