Cozy apartments in the largest and most anticipated residential complex in North Cyprus (004201)
The new residential complex is located in Iskel, next to the thriving 5-kilometer beach of Long Beach, in the very center of the development of "New" Northern Cyprus.
Location:
The area of apartments is 46 - 600 m2.
All apartments will be rented in 2027 with full interior decoration.
Techniques and upholstered furniture are not included in the decoration, but they can be purchased separately in the form of a "Design package" from the developer.
The complex is designed to offer residents and guests a luxurious and autonomous lifestyle.
The resort and residences boast a wide range of amenities:
In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Iskele; 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 Iskele 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 (149 684 $) 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 Iskele: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
149 814 $
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