Flat in Northern Cyprus. City - Iskele
ID SA-164
Address: Long Beach, Iskele
Total area: 78 m²
Living area: 61 m²
Bedrooms: 1
Bathrooms: 1
Year built: 01-09-2023
Property type: 1+1 One Bedroom Apartment, Apartment
Property status: For Sale, Project
Features
Description
One bedroom apartment in a new project in North Cyprus.
First of all, this is a brand new project that will be located on Long Beach. Furthermore, with unique beauty and landscapes of the sea and mountains. Undoubtedly, this will offer you the opportunity to relax all year round with excellent living conditions.
The concept of the project is to create a favorable and comfortable atmosphere for people who seek quality leisure time.
This complex consists of 416 apartments of different layouts and sizes.
You have a choice of studio, 1, 2, 3-bedroom apartments, and luxurious penthouses.
So, property characteristics
In general, wide sandy beaches with golden sand, warm sea, fresh seafood and fruits, healing air filled with iodine and salt – is just a small list of what attracts future owners.
As a result, by acquiring real estate in Iskele on the seafront, you get the opportunity to both relax independently and earn money by renting out the property. This, literally, contributes to the island's long tourist season.
One-bedroom apartment in a new project, experience all the comforts of vacation at home!
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 (193 489 $) 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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