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Flat 43 м² in Kyrenia, Cyprus

ID 4OWcZ
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Area
43 m²
Bedrooms
1
Bathrooms
1

Description

Flat in Northern Cyprus. City - Kyrenia







North Cyprus real estate: 1+1 apartments in Alsancak with sea and mountain views

One-bedroom 1+1 apartments in Alsancak are a profitable investment in North Cyprus real estate and an excellent opportunity to buy a flat by the sea near Kyrenia. The new residential complex in the mountains of Alsancak combines modern comfort, panoramic sea and mountain views, convenient infrastructure and attractive instalment terms. The apartments are suitable both for permanent residence, holidays in North Cyprus, and for renting out and generating investment income.


The new under-construction complex is located in the picturesque area of Alsancak, just a 10-minute drive from Girne (Kyrenia) — one of the most popular cities in North Cyprus. The area is in high demand among property buyers thanks to its cosy Cypriot atmosphere, clean air, stunning views of the Mediterranean Sea and mountains, as well as developed infrastructure.


Alsancak is ideal for comfortable living and relaxation. It has supermarkets, restaurants, sandy beaches, casinos, public and private schools, including a British college. That is why property in Alsancak is considered one of the most sought-after in North Cyprus.


The residential complex consists of two low-rise blocks with 1+1 and 2+1 apartments. Residents have access to an outdoor pool with a relaxation area, underground parking and landscaped grounds. Each apartment is allocated its own parking space.


Ground-floor apartments have their own garden, while second-floor apartments have private roof access with a spacious terrace, where you can set up a lounge area, a barbecue spot or a relaxation area with sea and mountain views.


The 1+1 apartments with an area of more than 43 m² feature a well-thought-out modern layout. An additional advantage is the spacious 6 m² balcony, which will become an ideal place to relax at any time of the year.


The completion of the complex is scheduled for July 2026. At the construction stage, an attractive developer instalment plan is available: the deposit upon booking is only 2,000 pounds sterling, the down payment is 30%, and the remaining 70% can be paid in instalments over 2 years.


If you are looking for North Cyprus real estate by the sea, a flat in Kyrenia, apartments in Alsancak for living, relaxation or investment — this project will be an excellent choice.









When purchasing real estate - VELES Property provides assistance with obtaining a residence permit and a bank account in North Cyprus.






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Characteristics

Property type
Residential Properties
Number of rooms
2
Object type
Flat
Price
142 612 $
Year of construction
2025

Infrastructure

  • Open pool
  • Cafeteria

FAQ

How can I get a residence permit by buying property in Cyprus?

In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Kyrenia; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Is a mortgage available for non-residents in Cyprus?

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.

What taxes and fees apply when buying in Cyprus?

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.

How is the title checked in Cyprus?

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.

Can I rent out property after purchase in Cyprus?

Yes. Rental income tax is 5–25% depending on the regime. In Kyrenia short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Is a property inspection recommended before purchase?

Yes. An inspection costs about 0.5–1% of the price (142 612 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

How long does the purchase process take in Cyprus?

A typical transaction runs 30–90 days, averaging 45 in Kyrenia: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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Flat with 1 bedroom in Kyrenia, Cyprus