Flat in Northern Cyprus. City - Iskele
North Cyprus seafront real estate, especially 3+1 apartments in the Iskele Long Beach area, is one of the most sought-after formats for living and investment. If you are looking for North Cyprus real estate in a premium complex, a spacious seafront apartment, or an investment property with high liquidity and developed infrastructure, consider the offer at Grand Sapphire Resort — it is one of the most prestigious resort projects in the region with its own beach and 5★ level.
The Grand Sapphire Resort residential complex is located just a few steps from the coast in the İskele (Long Beach) area and has its own landscaped beach and beach club. This is one of the key advantages for those considering buying North Cyprus real estate for holiday, living, or rental.
The complex's infrastructure includes everything necessary for comfortable living and relaxation:
This is a full-fledged resort environment, suitable both for family living and for investment in North Cyprus real estate.
A spacious 3+1 apartment with a total area of 152 m² is offered. The layout is designed for maximum comfort: three large bedrooms with panoramic windows, two bathrooms, and a spacious kitchen-living room, ideal for family gatherings and entertaining guests. A special advantage is the large balcony, which can be used as a relaxation area with morning coffee or evening relaxation.
The property will be completed in June 2026, making it an attractive option for early-stage investment.
The 3+1 apartment in Grand Sapphire Resort, Iskele is an excellent opportunity to buy North Cyprus seafront real estate with a high level of comfort and investment potential.
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 (413 576 $) 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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