Flat in Northern Cyprus. City - Kyrenia
ID SA-2203
Address: Karshiaka, Kyrenia
Price: from €128,785
Total area: 120 m²
Bedrooms: 2
Bathrooms: 1
Year built: 23-02-2022
Property type: 2+1 Two-bedroom Apartment, Apartment
Property status: New Construction, For Sale
Features
Description
New apartment in Northern Cyprus in a brand new project. Construction is set to be completed in February 2022. Some units have already been sold, but you still have the opportunity to own an apartment on this paradise island!
This complex consists of 7 blocks.
The main advantage of this project is its location. It is situated on the second line from the sea, offering not only direct sea views but also easy access to the beach (150 meters away). There is also a small seaside restaurant by the beach. This quiet and peaceful place surrounded by greenery near the sea will leave you mesmerized. You will literally never want to leave this place and live in the luxurious new apartment of this wonderful project.
One of the highlights of this project is the quality of construction. The walls are insulated, and there are suspended decorative gypsum ceilings with spot lighting.
We recommend not skipping, but watching the video and 360 tour of this property. If you have any questions after that, feel free to contact us via email or phone.
So, this new apartment in Northern Cyprus can be viewed online upon request. Additionally, this apartment can be purchased remotely.
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 (185 452 $) 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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