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Flat 70 м² in Kyrenia, Cyprus

ID 4OWcb
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Area
70 m²
Bedrooms
2
Bathrooms
1

Description

Flat in Northern Cyprus. City - Kyrenia







North Cyprus real estate: affordable 2+1 apartments in Alsancak with sea and mountain views

Affordable North Cyprus real estate in Alsancak is an excellent opportunity to buy an apartment in North Cyprus by the sea and in the mountains at an affordable price. A new residential project in the Alsancak area, just 10 minutes from the centre of Kyrenia (Girne), offers modern 2+1 and 1+1 apartments with panoramic views, developed infrastructure and favourable instalment terms. This is the ideal option for those looking for North Cyprus real estate for living, holiday or rental investment.


The project is located in the picturesque mountains of Alsancak — one of the most sought-after areas for buying real estate in North Cyprus. The location combines the tranquillity of nature and the convenience of city life. The area is known for its traditional Cypriot atmosphere, clean air, sea and mountain views, as well as high rental demand.


Alsancak has developed infrastructure: supermarkets, restaurants, schools, a British college, a casino and sandy beaches are in close proximity. That is why real estate in Alsancak is considered one of the most liquid on the North Cyprus market.


The residential complex consists of two two-storey blocks with 1+1 and 2+1 layout apartments. Residents are provided with an outdoor pool with a relaxation area, underground parking and landscaped grounds. Each apartment has its own parking space.


Ground floor apartments have their own gardens, which is especially valuable for family living and relaxation. Second floor apartments have access to their own roof terrace, where you can set up a lounge area or barbecue area with a beautiful sea and mountain view.


Two-bedroom apartments with an area of more than 70 m² feature a convenient layout and spacious balconies with picturesque views. This is an excellent solution for both permanent residence and rental.


The project is scheduled for completion in July 2026. At the construction stage, convenient instalments are available: the deposit upon booking is 2,000 pounds sterling, the down payment is 30%, and the remaining 70% is paid over 2 years.


If you are looking for affordable real estate in North Cyprus, apartments in Alsancak, housing by the sea or investment real estate with high returns — this project will be an excellent choice.









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


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Characteristics

Property type
Residential Properties
Number of rooms
3
Object type
Flat
Price
194 471 $
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 (194 471 $) 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 2 bedrooms in Kyrenia, Cyprus