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Flat 50 м² in Iskele, Cyprus

ID 4OWhh
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Area
50 m²
Bedrooms
1
Bathrooms
1

Description

Flat in Northern Cyprus. City - Iskele


North Cyprus Real Estate: Investment Apartments at Grand Sapphire Resort on Long Beach
North Cyprus real estate continues to attract investors from all over the world thanks to high rental demand, rising property prices and favourable purchase conditions. We present investment apartments at Grand Sapphire Resort — one of the largest and most prestigious projects in North Cyprus, located on the first line of the Mediterranean Sea in the popular Long Beach area. This is an excellent opportunity to buy an apartment in North Cyprus for investment, holidays or a stable passive income.

Grand Sapphire Resort is managed by a five-star hotel with a casino and is being built by one of the leading construction companies in North Cyprus. The project is located in the Long Beach area — one of the most sought-after places to buy property by the sea, known for its sandy beach stretching over 3 kilometres and its high tourism potential.

The project comprises five high-rise towers of 29 floors each and ten low-rise blocks. Studios, 1+1, 2+1, 3+1 apartments and luxurious penthouses are available to buyers.

🏖 Grand Sapphire Resort infrastructure:

✔ Infinity pools on the rooftops of the high-rise buildings
✔ Indoor heated pool
✔ Huge central pool
✔ Sandy pool and two-level pool
✔ Fitness centre and business centre
✔ Restaurants, cafes and bars
✔ Casino
✔ Tennis court
✔ Children's and sports grounds
✔ Pet walking area
✔ Three-level parking

🏡 About the property:

Modern one-bedroom apartments of 63 m² with a spacious balcony are offered. The apartment is delivered in a fine finish using quality materials and is fully ready for comfortable living or renting out.

💷 Purchase conditions:

✔ Down payment — 35%
✔ Interest-free instalment plan for 65% of the price
✔ Monthly payments until September 2028

Investment apartments at Grand Sapphire Resort are liquid North Cyprus real estate that combines a prestigious location, developed infrastructure and high yield potential.

Apartments at Grand Sapphire Resort on Long Beach are waiting for you!

When purchasing property - VELES Property provides assistance with obtaining a residence permit and a bank account in North Cyprus.




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Characteristics

Property type
Residential Properties
Number of rooms
2
Object type
Flat
Price
228 050 $
Year of construction
2027

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 Iskele; 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 Iskele 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 (228 050 $) 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 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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Flat with 1 bedroom in Iskele, Cyprus