Flat in Northern Cyprus. City - Kyrenia
SA-3114
Address: Lapta, Kyrenia
Total area: 96 m²
Bedrooms: 3
Bathrooms: 2
Year of construction: 2024
Property type: 3+1 Three-bedroom Apartment
Features
Description
A luxurious apartment in a new residential complex will catch your eye!
We offer you a new project in North Cyprus in the Lapta area. You have a unique opportunity for investment at an incredibly low price. And on top of that, take advantage of a beneficial interest-free installment plan from the developer.
This complex consists of eight blocks. All blocks are three stories high. The apartments come in three types: one-bedroom, two-bedroom, and three-bedroom - your choice. The view from the top floors is unobstructed. Simply breathtaking views of the sea and mountains. The ground floor apartments come with their own piece of land. Additionally, the complex features a children's playground and a large swimming pool. There will also be parking available for residents and guests of the complex.
The complex is located near a large supermarket and a public school. This is the very center of Lapta. And the sea is just a 15-minute walk away.
Construction has already begun. Completion is expected at the end of 2024. During this period, you can comfortably pay off the cost of the apartment in installments.
So, a new apartment in the residential complex is waiting for you!
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.
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 Kyrenia 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 (166 783 $) 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 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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