Flat 56 м² in Paralimni, Cyprus

244 797 $

4 371 $ /м²

4OVKP

Flat 56m² in Cyprus, Paralimni. Priced at 181318£ rent photo- #1

Flat 56m² in Cyprus, Paralimni. Priced at 181318£ rent photo- #2

Flat 56m² in Cyprus, Paralimni. Priced at 181318£ rent photo- #3

Flat 56m² in Cyprus, Paralimni. Priced at 181318£ rent photo- #4

Flat 56m² in Cyprus, Paralimni. Priced at 181318£ rent photo- #5

Flat 56m² in Cyprus, Paralimni. Priced at 181318£ rent photo- #6

Area

56 м²

Bedrooms

Bathrooms

Kapparis, Famagusta - From €209,000

One bedroom penthouse for sale in Kpparis, Famagusta - property tax (new build process). This stunning fenced complex consists of 6 blocks of 40 apartments comprising both one and two bedroom options. The apartments are surrounded by landscaped gardens, communal swimming pool and on-site fitness room with stunning views of the Mediterranean Sea. The penthouses have a private upper garden. This property is ideal for both vacation and permanent living and is also a great investment option. - 1 double bedroom with fitted closets, - open plan living, dining and kitchen area, - fully fitted kitchen, - family bathroom, - air conditioning, - unfurnished, - communal swimming pool, - on-site fitness room, - roof terrace, - landscaped gardens, - private parking space, - elevator to all floors, - internal area of 56 sqm, - private roof-terrace of 30 sq.m., - covered balcony of 4 sq.m., - shared utilities - to be specified, - walking distance to the nearest beach, - 5 minutes to local stores and services, - 60 minutes to Larnaca International Airport, - suitable for permanent residence in Cyprus, - subject to value added tax, - energy efficiency A. Kpparis. Kpparis is located between Paralimni and Protaras and is an ever popular town - with many stores, bars and restaurants. The place is a favorite amongst Brits and Europeans, and of course locals, as it is close to the many sandy beaches scattered along the coast, and easy access to the neighboring towns of Paralimni and Protaras. Excellent for both permanent residence and vacation. ----------- * Property tax (new build process) * Community pool * Fitness room * Suitable for obtaining permanent residence in Cyprus * Subject to value added tax * Under construction - commissioning May 2024 * Energy efficiency A.

Additional details

Property type

All Types

Object type

Flat

Price

244 797 $

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 (244 797 $) 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).