Penthouse in a residential complex in the Iskele area (001517)
Residential complex in Iskela, Northern Cyprus, represents the epitome of luxury and comfort, offering the latest unique 3+1 penthouse of 320 m² with stunning sea views. In the immediate vicinity there are restaurants, markets and cafes, creating all conditions for a comfortable and rich life.
Architectural features: The complex includes 2- and 4-storey buildings that combine the traditions of Cypriot architecture with modern design solutions. Each element of the project is carefully thought out to emphasize harmony with the surrounding nature and ensure maximum convenience for residents.
Infrastructure and amenities: the complex offers its residents a wide range of services and entertainment.Own swimming pool, gym, sauna and massage salon create an atmosphere of comfort and relaxation. For your convenience, a pharmacy and a mini-market are also located on the territory of the complex, providing everything you need at hand.
Location: Iskele – is a charming city on the east coast of North Cyprus, adjacent to Famagusta and surrounded by picturesque beaches.
The complex has a convenient location with access to all necessary facilities:
The complex – is not just a place to stay, it is an ideal corner for those who appreciate the quality of life and comfort.
Updated: 02.12.2024
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 (774 895 $) 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).
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