Flat in Northern Cyprus. City - Iskele
ID SA-3104
Address: Boaz, Iskele
Price: €450,746
Total area: 150 m²
Bedrooms: 3
Bathrooms: 2
Year built: 2020
Property type: 3+1 Three Bedroom Apartment, Apartment, Penthouse
Property status: Resale, New build, For sale
Features
Description
A beautiful seaside penthouse will catch your attention!
Your attention is drawn to a brand new seaside penthouse. Additionally, with an incredibly beautiful panoramic sea view. The penthouse consists of an open plan kitchen, living room, one family bathroom, and three bedrooms. The main bedroom has an en-suite bathroom and a walk-in wardrobe. The spacious terrace surrounds the entire penthouse. The apartment features huge panoramic windows. Each bedroom offers an incredibly beautiful view.
There is a communal swimming pool on the premises of this complex, as well as a children's playground, a luxurious SPA center, and a gym.
All restaurants are within walking distance of the complex. Also, there are promenades and equipped beaches nearby.
When you purchase the penthouse, you will receive a beneficial bonus. The household appliances are included in the price. Additionally, you get an apartment with newly installed plumbing. In the hallway, you will also find a bonus in the form of a stylish wardrobe. Don't miss out on this opportunity!
So, a wonderful seaside penthouse is awaiting 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 (426 540 $) 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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