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Flat 92 м² in Paralimni, Cyprus

ID 4OV5e
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Area
92 m²
Bedrooms
2
Bathrooms
2

Description

Kapparis, Famagusta - €310,000

Two bedroom penthouse apartment for sale in Kapparis - title deeds (new build process). Last two bedroom penthouse apartment left!!! (C2-1) This magnificent fenced complex consists of 6 blocks of 40 apartments including one and two bedroom apartments. The apartments have landscaped gardens, communal swimming pool and gym with stunning views of the Mediterranean Sea. The penthouse apartments have their own roof terrace, making these properties ideal for vacation or permanent living as well as great investment options. - 2 double bedrooms with fitted closets - Combined living, dining and kitchen area - Fully fitted kitchen - Family bathroom and guest toilet - Air conditioning - Unfurnished - Communal swimming pool - On-site gym facilities - Landscaped gardens - Private parking - Internal area 92 sqm. - Covered veranda 20 sqm. - Private roofed terrace of 20 sqm. - Utility costs to be specified - Walking distance to nearest beach - 5 minutes to local stores and amenities - 60 minutes to Larnaca International Airport - Suitable for permanent residence in Cyprus - Subject to VAT - Active energy efficiency Kapparis Kapparis is located between Paralimni and Protaras and is known as a year round resort with many stores, bars and restaurants. It is popular with Brits and other Europeans, as well as locals, as it is close to the many sandy beaches along the coastline and within easy reach of the neighboring towns of Paralimni and Protaras. It is a great place for permanent residence and vacation rentals. ------------ * Property Titles (new build process) * Community pool * Walking distance to nearest beach * Gym facilities on site * Suitable for permanent residence in Cyprus * Requires VAT * Under construction - Completion June 2024 * Active energy efficiency Kapparis Kapparis District: Famagusta Sale Type: Pending Listing Number: KYB002N2P Last Updated: Wednesday, October 25, 2023 08:24

Characteristics

Property type
All Types
Object type
Flat
Price
358 279 $

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 Paralimni; 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 Paralimni 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 (358 279 $) 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 Paralimni: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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Flat with 2 bedrooms in Paralimni, Cyprus