Flat in Northern Cyprus. City - Iskele
ID SA-3107
Address: Iskele
Price: from 175615 €
Total area: 135 m²
Living area: 127 m²
Bedrooms: 3
Bathrooms: 3
Year built: 2024
Property type: 3+1 Three-Bedroom Apartment, Apartment
Property status: Investment, New build, For sale
Features
Description
A brand new 3+1 Yeniboazici apartment will catch your attention!
A unique project in the Iskele Yeniboazici area. A combination of quality and reliability. The complex itself is located near the city of Famagusta and Iskele. And all city infrastructure is within reach.
Everything is carefully thought out in the complex down to the smallest details. Including a playground and an open pool. There are also parking spaces on the premises. Everything needed is nearby the complex. Shops, cafes, restaurants, and clubs. The entire complex area is secure. Entry is only for residents and their guests. The complex is designed for comfortable living inside and out. There are only two buildings on the premises, everything is compact and cozy.
The layout of the three-bedroom apartments is very convenient. Moreover, there is a magnificent balcony around the living room and kitchen. Perfect for a family living. Three spacious bright bedrooms and three bathrooms. During the construction stage, you have the option to arrange installment payments from the developer. This is a very profitable investment and a plan to move permanently to the seaside.
So, the brand new 3+1 Yeniboazici apartment is waiting for you!
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 (224 397 $) 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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