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Flat 60 м² in Karshiyaka, Cyprus

ID 4OWjE
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Area
60 m²
Bedrooms
1
Bathrooms
1

Description

Flat in Northern Cyprus. City - Karshiyaka








North Cyprus real estate — apartments by the sea with a garden and instalments in a modern residential complex

If you are looking for North Cyprus real estate, want to buy an apartment in North Cyprus inexpensively, are considering investments in overseas real estate or a home by the sea with favourable instalments — this modern residential complex will be an excellent option. Here you can purchase North Cyprus real estate for living, holiday or rental at an affordable price in a promising area with developed infrastructure and high investment potential.


We present to you a modern residential complex with swimming pools, recreation areas and extensive infrastructure. On the territory there are several swimming pools, including hydromassage areas, surrounded by landscaped gardens of 3000 m². An important advantage is convenient access to a private beach club — just 3 minutes on foot. Also available to residents are 3 large shared swimming pools, a modern art-SPA centre and a fully equipped gym.


The complex offers a cosy one-bedroom apartment with an area of 77 m², ideally suited for comfortable living, holiday or investment in North Cyprus real estate. The layout includes spacious living areas and two balconies, which provide additional comfort and the opportunity to enjoy fresh air and views.


A special advantage of the property is a private garden of 17 m² — an ideal space for outdoor relaxation, creating a barbecue area or a cosy lounge corner.


Completion of construction is planned for June 2025.


The developer offers favourable purchase terms:
— deposit 2000 pounds
— 35% initial payment upon signing the contract
— 65% paid before completion of construction


This is an excellent opportunity to buy North Cyprus real estate inexpensively, with a flexible payment system and high potential for value growth.



North Cyprus real estate buy inexpensively — your chance for a profitable investment by the sea.







When purchasing these apartments — VELES Property provides assistance not only with obtaining a residence permit, but also a bank account, driving licence and medical insurance in North Cyprus!



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Characteristics

Property type
Residential Properties
Number of rooms
2
Object type
Flat
Price
309 858 $
Year of construction
2025

Infrastructure

  • Fitness center
  • Open pool

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 Karshiyaka; 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 Karshiyaka 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 (309 858 $) 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 Karshiyaka: 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 Karshiyaka, Cyprus