A 4 bedroom luxury apartment is being sold in Kyrenia, Cyprus.
These beautiful penthouses are due for completion by February 2023. Built by a boutique developer with several excellent projects to his credit. Located in one of the most sought after areas of North Cyprus, Bellapaisa. Where nature meets city life. There are four penthouses available - two and three bedroom options, all with private roof terraces and access to the building's rooftop pool with cabanas and sun loungers for residents. There are also private saunas available only to penthouse residents. Featuring a stunning design with luxurious finishes and built to the highest level of housing standards. Internally, the building features German-designed kitchens, marble countertops, all kitchen appliances, built-in walk-in closets, centralized heating and cooling, smart home system, spacious layouts and to maximize the views, terraces spanning the living and kitchen areas and a private roof terrace for each apartment. There will be 24-hour security and surveillance, elevators to all floors, underground parking, and landscaped gardens for all residents of the building. All necessary infrastructures for internet will also be provided. Conveniently located at the foot of the Besparmak mountain range with panoramic views of the mountains and the Mediterranean Sea. Located very centrally, within walking distance to the main town of Kyrenia/Girne and the beautiful port of Kyrenia and close to all restaurants, supermarkets and public amenities. The project consists of 27 units in total, ranging from offices and attics to 2 and 3 bedroom apartments and duplexes, plus 4 penthouses. Launched in October 2022, the project has proved extremely popular with 50% sold to date. For further information, detailed specification and brochure please contact us.
Characteristics
Property type
Residential Properties
Object type
Flat
Price
519 802 $
FAQ
How can I get a residence permit by buying property in Cyprus?
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.
Is a mortgage available for non-residents in Cyprus?
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.
What taxes and fees apply when buying in Cyprus?
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.
How is the title checked in Cyprus?
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.
Can I rent out property after purchase in Cyprus?
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.
Is a property inspection recommended before purchase?
Yes. An inspection costs about 0.5–1% of the price (519 802 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
How long does the purchase process take in Cyprus?
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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