Flat in Northern Cyprus. City - Kyrenia
ID SA-2134
Address: Kyrenia, Kyrenia Center
Price: from 221158 €
Total Area: 78 m²
Bedrooms: 2
Bathrooms: 1
Year Built: 2019
Property Type: 2+1 Two Bedroom Apartment, Apartment
Property Status: Investments, New Listings, New Builds, For Sale
Features
Description
Two-bedroom apartment in Kyrenia is waiting for you!
So, a new project is offered to you in the city center. Very convenient location. All city infrastructure nearby. Literally within walking distance are schools, kindergartens, and government institutions. But that's not all. You can drive for 5 minutes by car or walk and find yourself on the waterfront. With plenty of restaurants and cafes with a splendid view. And from the windows, you can see beautiful mountains. The higher the floor, the better the view for you.
All apartments are rented out already with a finished renovation. A kitchen set will definitely be installed for you. Moreover, all necessary plumbing is also provided by the developer. It's very convenient. All you have to do is buy furniture to your taste and move in. You also have a unique investment opportunity. After the building is fully populated, the prices of the apartments will increase. If you buy an apartment at a favorable price now, you can successfully rent it out or resell it soon.
By the way, this is a new modern building. Inside the building and nearby on the territory, everything you need is available.
On the complex territory, there are:
So, Two-bedroom apartment in Kyrenia 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 (254 688 $) 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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