Flat in Northern Cyprus. City - Kyrenia
ID SA-264
Address: Bahçeli, Kyrenia
Price: from 263,423 €
Total area: 135 m²
Living area: 75 m²
Bedrooms: 2
Bathrooms: 1
Year built: 2025
Property type: 2+1 Two-Bedroom Apartment, Apartment, Penthouse
Property status: New, For Sale, Project
Features
Description
The 2+1 penthouse apartments on the azure coast of the Mediterranean are located in a luxury complex in Northern Cyprus. The seafront location and unique landscape design are one of the advantages of this complex. In addition, the most advanced materials and technologies were used in construction. Everything is well thought out to ensure that your stay is luxurious and unforgettable.
Undoubtedly, investing in property in this complex is not only an investment in your guaranteed excellent holiday, but also a great opportunity to earn income by renting out the apartments on a daily or long-term basis.
The stunning views of the azure sea or mountain ranges from the windows will leave you mesmerized. If you want to feel like in paradise, this is what you need.
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 (339 995 $) 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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