Flat in Northern Cyprus. City - Kyrenia
ID SA-1193
Address: Arapkoy, Kyrenia
Property area: 43 m²
Bedrooms: 1
Bathrooms: 1
Year built: 2010
Property type: 1+1 One Bedroom Apartment, Apartment
Features
Description
This apartment is located in the village of Arapkoy, on the outskirts of Kyrenia. In the Chelsey Village complex, known for its views from every apartment window and well-maintained grounds with beautiful gardens. With 3 shared swimming pools and a children's playground (which has free Wi-Fi!). Additionally, the complex has a management company that can rent out the apartments if desired. The complex is gated. The village has an Orthodox church and a minimarket. If you need a supermarket, bars, restaurants, and beaches, all are within a 10-minute drive.
The entrance to the apartment is via wooden steps through a terrace with stunning sea views.
The living room and kitchen are combined and form one room. There is a small sofa, TV, and dining table in the room, which is compact yet spacious, with panoramic floor-to-ceiling windows. The bathroom is a good size with a shower. The spacious bedroom has a built-in wardrobe and a single bed, but a double bed can also fit, making it possible to accommodate four people.
In front of the apartment, there is a well-maintained garden where you can barbecue. The neighbors have set up a sports area with a pull-up bar and ladder, encouraging daily fitness.
This is an ideal apartment for holidays, permanent living, investment, or retirement at a low price.
So, the Apartments in the Kyrenia Mountains await you!
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 (70 419 $) 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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