Flat in Northern Cyprus. City - Kyrenia
SA-1158
Address: Esentepe, Kyrenia
Living area: 49 m²
Bedrooms: 1
Bathrooms: 1
Year built: 31-12-2024
Property type: 1+1 One Bedroom Apartment, Apartment
Property status: New, Under construction, For sale
An apartment within walking distance to the sea will attract your attention!
So, the architecture of this complex is designed in such a way that you fully benefit from its location. All details harmoniously come together in the common area. The project is located just 200 meters from the sea. This means easy access and magnificent views.
For residents, the complex offers not only a large outdoor pool but also a covered heated pool for winter relaxation. Moreover, on the underground floor in the spa area, everything is provided for your soul and body relaxation. There's a warm hammam and sauna. And for sports enthusiasts, there's a modern gym in the complex. And of course, there's a cozy cafe with a bar.
The developer uses the highest quality materials during construction. The apartments come with glossy cabinets and aluminum windows with double glazing already installed. High-quality ceramic tiles and first-class sanitary ware are used. Additionally, the buildings are equipped with air conditioning infrastructure.
Take a look at this one-bedroom apartment! The total area is 49 square meters. The living room transitioning into a kitchen is 18 square meters, and the bedroom is 10 square meters. Plus, there's a huge terrace of 16.7 square meters. This is a very advantageous offer at an affordable price!
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 (166 907 $) 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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