Property Abroad

Cyprus

Northern Cyprus

Famagusta

Flat

Flat 50 м² in Famagusta, Cyprus

108 851 $

2 177 $ /м²

4OfR1

Flat 50m² in Cyprus, Famagusta. Priced at 93124€ rent photo- #1

Flat 50m² in Cyprus, Famagusta. Priced at 93124€ rent photo- #2

Flat 50m² in Cyprus, Famagusta. Priced at 93124€ rent photo- #3

Flat 50m² in Cyprus, Famagusta. Priced at 93124€ rent photo- #4

Flat 50m² in Cyprus, Famagusta. Priced at 93124€ rent photo- #5

Area

50 м²

Bedrooms

Year of construction

2026

Apartments in a cozy complex from a developer in Famagusta (009109)

Located in the heart of Famagusta, in Northern Cyprus, this new residential complex offers excellent opportunities for living and leisure.

There will be only 12 apartments in the complex, including:

2 one-bedroom apartments 1+1 with an area of 50 m2
7 three-bedroom apartments 3+1 with an area of 120 m2

The project has the right to exchange property, which adds flexibility in investment.

The apartments are in close proximity to the CityMoll shopping center, banks, supermarkets and restaurants, providing easy access to all the amenities of urban life.

Location:

All markets, banks, cinemas, cafes and restaurants:

This complex is an ideal choice for those who value comfort and convenience, being a few minutes away from beaches, universities and other key facilities.

Payment plan:

35% down payment
65% in installments 0% for 24 months

Completion of construction: February 2026

Information updated: 29.11.2024

Services and facilities

Balcony or terrace

Garage/parking

Lift

Additional details

Property type

Residential Properties

Object type

Flat

Price

108 851 $

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 (108 851 $) 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).