Flat in Northern Cyprus. City - Kyrenia
ID ST-311
Address: Doankoy, Kyrenia
Price: €186,738
Total area: 140 m²
Bedrooms: 3
Bathrooms: 3
Year built: 2023
Property type: 3+1 Three-Bedroom Apartment, Apartment, Townhouse
Property status: New construction, For sale
Features
Description
A three-bedroom townhouse in Doankoy is available for your consideration. This beautiful project consists of 12 apartments, each with its own garden, terrace, and covered parking. The architecture of the buildings is done in an authentic Mediterranean style, while the quality and interior design adhere to the latest fashion trends and modern technologies.
The apartments are spacious with large windows that let in plenty of light, filling your rooms with the southern Cypriot sun. The trimmed lawns and ever-blooming vines will delight your eyes all year round.
The ground floor consists of a separate kitchen and a living room with access to a large terrace. The terrace leads to your private garden, where you can start landscaping. Additionally, there is a guest toilet and covered parking for your car on the first floor.
The second floor features three bedrooms with built-in wardrobes and a family bathroom. The master bedroom also has an en-suite bathroom.
The complex has a swimming pool on the premises, which will undoubtedly please you and your children.
So, a three-bedroom townhouse in Doankoy is 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 (210 179 $) 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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