Flat in Northern Cyprus. City - Kyrenia
ID SA-1159
Address: Esentepe, Kyrenia
Total area: 55 m²
Bedrooms: 1
Bathrooms: 2
Year of construction: 31-12-2024
Property type: 1+1 One bedroom Apartment, Apartment, Loft
Property status: New, Under construction
So, the architecture of this complex is designed in a way that allows you to fully enjoy the advantages of its location. All details harmoniously come together on the premises. The project is just 200 meters away from the sea. This offers walking distance and magnificent views.
For residents of the complex, there is not only a large outdoor pool, but also a covered heated pool for winter relaxation. Additionally, on the underground floor in the SPA zone, you have all the amenities for relaxation of body and soul. A warm hamam and sauna. For sports enthusiasts, there is a modern gym in the complex. And of course, there is a cozy cafe with a bar.
The developer uses the highest quality materials in construction. The apartments already include glossy cabinets and aluminum windows with double glazing. Ceramic tiles and first-class plumbing. Furthermore, the buildings have built-in air conditioning infrastructure.
We offer you to acquire loft apartments. It is always modern and spacious. The total area starts at 55 square meters. There is a balcony in the form of a 20 square meter terrace. Plus, a huge roof terrace of 33 square meters. This is a very advantageous offer at an affordable price!
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 (211 745 $) 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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