Flat in Northern Cyprus. City - Kyrenia
ID SA-155
Address: Kyrenia, Kyrenia City Center
Total area: 47 sq.m
Bedrooms: 1
Bathrooms: 1
Year built: 2019
Property type: 1+1 One Bedroom Apartment, Apartment
Property status: Investment, New Listings, New Builds, For Sale
Features
Description
Apartment in a high-rise building in Kyrenia awaits your attention!
So, a new project in the city center is offered to you. Very convenient location. All city infrastructure close by. Literally within walking distance are schools, kindergartens and government institutions. But that's not all. You can drive 5 minutes by car or walk and find yourself on the waterfront. With plenty of restaurants and cafes with magnificent views. And from the windows, you see beautiful mountains. The higher the floor, the more splendid the view for you.
All studios are rented out with finishing repairs. You will definitely be provided with a kitchen set. In addition, all the necessary plumbing is also provided by the developer. This is very convenient. You just have to buy furniture to your taste and move in. You also have a unique opportunity for investment. After all, when the building is fully populated, the price of apartments will increase. If you buy a studio now at a favorable price. Very soon, you can successfully rent it out or resell it.
On the complex grounds:
So, Apartments in a high-rise building in Kyrenia are 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 (178 441 $) 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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