Flat in Northern Cyprus. City - Esentepe
North Cyprus real estate by the sea — an excellent option for living, holidays and investment. A one-bedroom 1+1 apartment is offered in the Esentepe area in the modern residential complex Olive Grove. If you are looking for an apartment in North Cyprus by the sea, property in Esentepe with pools and infrastructure, or North Cyprus investment property for renting out to tourists, this unit combines comfort, a resort location and high rental potential.
The apartment is located in one of the quietest and most sought-after resort areas of North Cyprus — Esentepe. This place is especially popular among those considering buying property in North Cyprus by the sea for holidays or passive rental income. The area is distinguished by its quietness, safe atmosphere and developed infrastructure: shops, restaurants, schools, a medical point and a police station are nearby. A 5-minute drive away is the only golf club in Cyprus.
Esentepe is the perfect combination of nature and comfort: the absence of city bustle, traffic jams and noise makes this area one of the best for a quiet life and holidays in North Cyprus.
The apartment is ideal for renting out to tourists thanks to its location and the complex's infrastructure. It is sold fully furnished and equipped with new household appliances, which makes it ready for immediate use.
The Olive Grove residential complex (built in 2020) offers a high level of comfort and resort infrastructure:
Opposite the complex there is a golf course, as well as two beaches, one of which is equipped with sun loungers and umbrellas. The supermarket can be reached on foot in about 15 minutes.
The apartment has a spacious terrace and its own parking space, which is especially important for comfortable living and renting.
Why you should buy property in North Cyprus in Olive Grove:
Buying an apartment in Esentepe is not only a comfortable life by the sea, but also a profitable investment in North Cyprus real estate with stable rental demand.
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 (110 200 $) 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).
110 200 $
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