Flat 111 м² in Famagusta, Cyprus

232 763 $

2 096 $ /м²

4OfNm

Flat 111m² in Cyprus, Famagusta. Priced at 198135€ rent photo- #1

Flat 111m² in Cyprus, Famagusta. Priced at 198135€ rent photo- #2

Flat 111m² in Cyprus, Famagusta. Priced at 198135€ rent photo- #3

Flat 111m² in Cyprus, Famagusta. Priced at 198135€ rent photo- #4

Flat 111m² in Cyprus, Famagusta. Priced at 198135€ rent photo- #5

Flat 111m² in Cyprus, Famagusta. Priced at 198135€ rent photo- #6

Area

111 м²

Bedrooms

Year of construction

2021

2-bedroom apartments for investment and guaranteed rent in the center of Famagusta (008491)

Apartments with 2 bedrooms for investment and rent in the city center.

The complex is located in the center of Famagusta, consists of 6 floors has 15 apartments (2 + 1 73-86m2) and 2 apartments (2 + 1 111-115m2) penthouses.

The residential house is located not far from the University of the Eastern Mediterranean and the University of Ada Kent, public places, bus stops, school, hospital and central street.

Characteristics of apartments:

Electrical Boiler
In the city center
Twin PVC/Aluminum Windows
Li>Li>LiPins made of natural marble
Differical color options in ceramics and woodThe central air storage system

Information updated: 11.10.2024

Services and facilities

Balcony or terrace

Garage/parking

Lift

Additional details

Property type

Residential Properties

Object type

Flat

Price

232 763 $

Characteristics

Balcony or terrace

Garage/parking

Lift

FAQ

In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Famagusta; 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 Famagusta 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 (232 763 $) 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 Famagusta: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).