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Flat 50 м² in Famagusta, Cyprus

101 403 $

2 028 $ /м²

4OfL1
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Area

50 м2

Bedrooms

1

Year of construction

2025

Various apartments in a unique residential project in Gechitkale (007120)

Unique residential project in Gechitkale, Northern Cyprus.

This city is known for its rich history, stunning natural beauty and authentic tastes.

Project  offers you the opportunity to live among this beauty, enjoying a modern and comfortable living space.

The project offers a choice of 1+1, 2+1, 3+1 apartments and 2+1, 3+1 penthouses, equipped with high-quality finishes and modern equipment. Each facility is carefully designed to create a comfortable living space that perfectly meets your needs. We are sure that in the complex you will find the perfect house.

The LCD offers you the best living conditions in a small town. Surrounded by natural beauty and a friendly community, the complex offers a calm and natural lifestyle.

At the same time, you have convenient access to basic services.

The project also offers a daily shuttle to the beach and vice versa.

You will feel that you are just a few steps from the sea and can enjoy the beauty of the beach and the tranquility of nature. The beach is less than 10 minutes away by car.

There is a common pool.

Purpose date: 08.2025

Plan of Payment

  • 30% prepayment + 30% before completion of construction (12 months before the set date of August 2026)

Information updated: 25.11.2024

Services and facilities

Balcony or terrace
Pool
Garage/parking
Security system
Lift

Additional details

Property type

Residential Properties

Object type

Flat

Price

101 403 $

Characteristics

Balcony or terrace
Pool
Garage/parking
Security system
Lift

Infrastructure

Playground
Beach transfer

Purchase method

Installment plan

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 (101 403 $) 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).

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