Flat in Northern Cyprus. City - Esentepe
The residential complex is located in the village of Esentepe, Kyrenia. The climate is typical Mediterranean, sea breeze, pine trees. The summer season is very mild, as is winter.
Total project area: 85000 m2
This is a modern residential complex, developed and designed by a renowned developer. And offering apartments and adjacent villas. Located just 100 meters from a well-equipped beach, surrounded by breathtaking views of the Mediterranean Sea and mountains. This complex is the ideal place for a quiet life or just for relaxation.
Moreover, the complex has everything you need. Like a mini-city:
Next to the complex, your own equipped beach awaits you. A shore with fine sea sand. Literally a 10-minute walk away is a village with all the necessary infrastructure. Moreover, this complex has many of its own facilities.
Duplex apartment: 2+1, two floors, ground and first floor.
On the first (ground) floor there are two bedrooms, on the second (first) floor there are a kitchen + living room and a bathroom. In total, the apartment has three bathrooms.
The price includes a design package from the Developer, furniture and Bosch appliances.
In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Esentepe; 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 Esentepe 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 (313 747 $) 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 Esentepe: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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