Flat 71 м² in Paralimni, Cyprus

192 865 $

2 716 $ /м²

4OTud

Flat 71m² in Cyprus, Paralimni. Priced at 165000€ rent photo- #1

Flat 71m² in Cyprus, Paralimni. Priced at 165000€ rent photo- #2

Flat 71m² in Cyprus, Paralimni. Priced at 165000€ rent photo- #3

Flat 71m² in Cyprus, Paralimni. Priced at 165000€ rent photo- #4

Flat 71m² in Cyprus, Paralimni. Priced at 165000€ rent photo- #5

Flat 71m² in Cyprus, Paralimni. Priced at 165000€ rent photo- #6

Flat 71m² in Cyprus, Paralimni. Priced at 165000€ rent photo- #7

Flat 71m² in Cyprus, Paralimni. Priced at 165000€ rent photo- #8

Flat 71m² in Cyprus, Paralimni. Priced at 165000€ rent photo- #9

Flat 71m² in Cyprus, Paralimni. Priced at 165000€ rent photo- #10

Area

71 м²

Bedrooms

Bathrooms

2 bedroom apartment for sale in Paralimni, Famagusta, Cyprus.

Located in a quiet area of Paralimni, this cozy house on two levels is a great investment opportunity. On the first floor there is a living room with open plan kitchen and dining area, as well as a guest toilet. On the second floor there are two bedrooms with a bathroom each and a balcony accessible from the master bedroom. Further benefits of this property include a large communal swimming pool with ample sunbathing space and a children's playground with swings and slides.PARALIMNI.Located in the south-eastern part of the island, Paralimni is the largest municipality of the Famagusta district. Its name comes from the seasonal lake located on its western border, which is a natural depression for collecting rainwater. Paralimni has a rich cultural tradition and combines the advantages of traditional villages with those of a modern city. Points of interest in Paralimni are the Folklore Museum/Traditional House of Paralimni depicting daily life in earlier times, the St. Nicholas fishing piers, the Ayia Triada Chapel, the two-nave church in honor of the Blessed Virgin Mary which is a significant 13th century religious monument decorated with unusual 18th century porcelain tiles and has a small church museum.

Additional details

Property type

All Types

Object type

Flat

Price

192 865 $

FAQ

In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Paralimni; 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 Paralimni 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 (192 865 $) 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 Paralimni: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).