House in Northern Cyprus. City - Esentepe
We invite you to take a look at this new project by a well-known developer. It is located on the eastern coast of Kyrenia, between the villages of Kucuk Erenkoy and Bahceli. Moreover, all apartments offer incredible views of the sea and mountains!
The bungalows are already rented out with luxurious renovation and high-quality sanitary ware.
The bungalows have three bedrooms and a living room flowing into the kitchen. Just imagine, the total area of the bungalow is 285 square meters, including a terrace of 160 square meters. The bungalows offer amazing sea or mountain views, with huge panoramic windows providing abundant light and a sense of space. The walls of the bungalows are covered with decorative stone, blending them into the natural landscape.
In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Esentepe; 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 Esentepe 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 (868 639 $) 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 Esentepe: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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