Flat in Northern Cyprus. City - Kyrenia
ID SA-116
A two-bedroom apartment with a garden view, and on the upper floors, a sea view will pleasantly surprise its owner. Furthermore, during construction, reinforced concrete and steel structures were used. In addition, electronic doors, double glazing, balconies, and terraces - all made to the highest standard to satisfy even the most discerning buyer! Moreover, purchasing such apartments is truly an excellent investment opportunity in real estate on the North Cyprus island.
Additionally, all lighting and electrical outlets are installed in an approved electrical project in compliance with all standards of the Northern Cyprus Association of Electrical Engineers. Water supply: a 1-ton water tank is located on the roof, solar panel and hot water heating system are included in the price. Also, all plumbing, including pipes, inserts, and water pumps.
5-year warranty on structural and exterior finishes.
Project Details:
Area Features:
In the Hall:
In the Kitchen:
Bedroom:
Bathroom:
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 (173 026 $) 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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