Flat in Northern Cyprus. City - Kyrenia
ID SA-142
Address: İzzet Pamukooğlu Fındık St., Kyrenia
Property area: 87.8 m²
Bedrooms: 1
Bathrooms: 1
Year of construction: 2015
Property type: 1+1 One-Bedroom Flat, Flat
Features
Description
A 1+1 penthouse with a spacious terrace and 2 panoramic window-walls is for sale. Literally, in the centre of Kyrenia, Northern Cyprus.
From the height of the 5th floor, a wonderful view of the mountains and the sea opens up.
The apartments are fully furnished. Moreover, all necessary appliances and air conditioners are also included in the price.
Undoubtedly, the exclusive open-plan design, high-quality decor and finishes will not leave you indifferent.
There is a built-in wardrobe, and the floor is glossy ceramic.
Main characteristics:
Location
The apartments are located in the very centre of Kyrenia. Of course, within walking distance to shops and restaurants, government institutions.
A 10-minute walk away is the historic city centre with the old harbour and Kyrenia Castle – a very popular place among tourists. Near the harbour are numerous shopping streets of the old town with souvenirs and everyday goods.
You can also walk to the new port. Nearby are 2 large 5* hotels with casinos – the Pia Bella Hotel and the new elite Lord Palace Hotel.
Accessibility to any point of the island:
Kyrenia is the tourist capital of the island. Namely, with its numerous old European streets, rich Mediterranean flavour. In addition, here you can find world-class hotels and casinos. The cosy restaurants and cafes of Kyrenia will delight you and your loved ones with Mediterranean and Eastern cuisine.
Of course, the city has a unique microclimate. It is ideally located between the mountains and the Mediterranean Sea and is gradually moving into the luxury segment with constantly rising real estate prices.
A 1+1 penthouse in the centre of Kyrenia awaits 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 (244 615 $) 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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