488 829 $
Flat with 2 bedrooms in Kyrenia, Cyprus
Kyrenia, Cyprus
Flat in Northern Cyprus. City - Kyrenia
ID SA-239
Address: Girne-Karpas Avenue, Kyrenia
Total area: 150 m²
Living area: 75 m²
Bedrooms: 2
Bathrooms: 1
Property Type: 2+1 Double Bedroom Apartment, Apartment
Property Status: New Arrivals, For Sale
Features
Description
Seafront Penthouse
The North Coast of Cyprus offers you a new prestigious project close to the promenade. With magnificent views and a popular location, just 100 meters from the sea. This is an excellent opportunity for investing in two and three-bedroom apartments and four-bedroom villas on the east coast in a beautiful setting.
Undoubtedly, the untouched beauty of this area will allow residents to enjoy the quiet surroundings. Additionally, the mild Mediterranean climate with year-round sunshine. 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. The untouched beauty of this area will allow residents to enjoy peace and the mild Mediterranean climate with year-round sunshine. Therefore, this exclusive project offers modern architecture, high-quality finishes, and elegant design.
Features and Amenities
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 (494 478 $) 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).