Flat in Northern Cyprus. City - Iskele
ID SA-2279
Address: Yeniboazici, Iskele
Price: 314937 €
Total area: 70 m²
Bedrooms: 2
Bathrooms: 1
Year of construction: 2025
Property type: 2+1 Two Bedroom Apartment, Apartment
Property status: New, Under construction, For sale
Features
Description
2+1 Apartments in a picturesque location will catch your attention!
We present to you a new project near Iskele. These houses are located between Mount Famagusta and the Iskele district. Within a 10-minute drive, you have access to all city infrastructure. Additionally, right next to the complex, there is a well-known English private school and college. In Famagusta itself, there is the largest and most prestigious university in Northern Cyprus. The project is only 600 meters from the famous clean Salamis beach.
Within the complex, you will find pools, including an indoor pool. For sports enthusiasts, there is a gym, sauna, and hammam. Additionally, there is a lounge bar, coffee shop, shops, and a bank. For children, there is a playground and walking paths.
During the construction period, there are excellent installment conditions available to you. The developer offers an installment plan until the keys are received. When choosing an apartment, you pay a deposit of £5000. Then, 40% of the total cost is paid within 4 weeks. And that's it! The remaining 60% can be comfortably repaid over 25 years, until the keys are received.
We recommend you take a look at the two-bedroom apartment. Furthermore, it features a modern loft style. With a spacious area of 70 square meters. High ceilings and plenty of space. A huge terrace of 20 meters. Plus, a second roof terrace of 25 meters.
So, the 2+1 Apartments in a picturesque location are 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 (344 707 $) 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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