Penthouse on the seafront
The North Coast of Cyprus offers you a new prestigious project close to the waterfront. With magnificent views and a popular location just 100 meters from the sea. Furthermore, this is an excellent opportunity for investments in two and three-bedroom apartments and four-bedroom villas on the east coast in a beautiful environment.
Undoubtedly, the untouched beauty of this area will allow residents to enjoy a peaceful territory. Additionally, the mild Mediterranean climate with sunny rays all year round. Certainly, this exclusive project offers ultra-modern architecture, high-quality finishes, and elegant design.
The project consists of four apartment blocks with 6 apartments in each, and six residential blocks with 4 apartments, private pools, and jacuzzis, as well as breathtaking panoramic sea views. Undoubtedly, the untouched beauty of this region will allow residents to enjoy tranquility and the mild Mediterranean climate with sunlight all year round. Therefore, this exclusive project offers modern architecture, high-quality finishes, and elegant design.
Features and amenities
- Affordable prices. Price-quality ratio.
- Breathtaking views of the Mediterranean Sea and mountains
- Thermal and sound insulation
- 24/7 service
- High investment potential
- Flexible payment plan
- Modern design and architecture
- Heated floors in the bathroom
- Wide selection of kitchen cabinets and granite countertops
- Rich selection of tiles
- Private outdoor space
- Built-in bbq
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Penthouse on the seafront
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Characteristics
Property type
Residential Properties
Number of rooms
2
Object type
Penthouse
Price
622 243 $
Infrastructure
Open pool
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 Esentepe; 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 Esentepe 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 (622 243 $) 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 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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