Flat 178 м² in Kyrenia, Cyprus

298 986 $

1 679 $ /м²

4OV4M

Flat 178m² in Cyprus, Kyrenia. Priced at 252300€ rent photo- #1

Flat 178m² in Cyprus, Kyrenia. Priced at 252300€ rent photo- #2

Flat 178m² in Cyprus, Kyrenia. Priced at 252300€ rent photo- #3

Flat 178m² in Cyprus, Kyrenia. Priced at 252300€ rent photo- #4

Flat 178m² in Cyprus, Kyrenia. Priced at 252300€ rent photo- #5

Flat 178m² in Cyprus, Kyrenia. Priced at 252300€ rent photo- #6

Area

178 м²

Bedrooms

Bathrooms

3 bedroom luxury apartment for sale in Kyrenia, Kyrenia District

A modern 3 bedroom apartment in a great location with high rental potential or just a chic home. The property is scheduled for completion in February 2023. Built by a boutique developer with many successful projects to his credit. Located in one of the most sought after areas of North Cyprus - Bellapais. Where nature meets city life. Stunningly designed with luxurious finishes and built to a high standard. Inside the building there are handcrafted German kitchens, marble countertops, all kitchen appliances, built-in walk-in closets, centralized heating and cooling system, smart home system, spacious layouts and to maximize the views, each apartment has wrap-around balconies leading from the living room and kitchen as well as a private roof terrace. The building will have 24-hour security and surveillance, elevators to all floors, underground parking, landscaped gardens, generator, TV and internet infrastructure. Located at the foot of the Besparmak mountain slope with stunning views of the mountains and the Mediterranean Sea. Very central location, just a short walk from the main town of Kyrenia/Girne and the beautiful port of Kyrenia, and close to all restaurants, supermarkets, international schools and other amenities. The project comprises 27 units including offices, loft apartments, 2 and 3 bedroom apartments and duplexes as well as 4 penthouses. Launched in October 2022, the project is hugely popular with 50% already sold. For more information, specification and brochure please contact us. Specification includes a communal rooftop pool, cabanas and sun loungers, private sauna, 24/7 security and surveillance, private underground parking, smart home system, centralized heating and cooling system, built-in walk-in closets, handcrafted German kitchens with marble countertops, suspended ceilings and fixtures, landscaped garden and irrigation system. The current 3 bedroom apartments on site are already renting from over £1600 per month. This will provide a yield of 8.5%. For more information on property rental taxes please email us.

Additional details

Property type

All Types

Object type

Flat

Price

298 986 $

FAQ

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 (298 986 $) 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).