Flat 55 м² in Famagusta, Cyprus

115 798 $

2 105 $ /м²

4OfNa

Flat 55m² in Cyprus, Famagusta. Priced at 99068€ rent photo- #1

Flat 55m² in Cyprus, Famagusta. Priced at 99068€ rent photo- #2

Flat 55m² in Cyprus, Famagusta. Priced at 99068€ rent photo- #3

Flat 55m² in Cyprus, Famagusta. Priced at 99068€ rent photo- #4

Flat 55m² in Cyprus, Famagusta. Priced at 99068€ rent photo- #5

Area

55 м²

Bedrooms

Year of construction

2024

Apartments in a residential complex from the developer, Famagusta (001109)

The modern residential complex offers high-quality convenience and comfort for its residents.

It includes spacious parking, providing convenience to car owners. For effective internal communication, a modern internal communication system is provided.

Planning:

The solar heating system provides efficient and environmentally friendly heating of premises.

The interior space of the apartments is organized taking into account practicality and style. Built-in cabinets in bedrooms and kitchen cabinets provide enough space for convenient storage. The elevator provides easy access to all floors of the complex. A wide selection of kitchen cabinets and finishing materials, such as ceramics for bathrooms and kitchens, provide residents with the opportunity to choose options that suit their taste and preferences.

This residential complex combines modern technology and aesthetics, providing a high level of comfort for its inhabitants.

Date of construction start: 07.2023

Date of construction completion: 07.2024

Information updated: 20.08.2024

Services and facilities

Balcony or terrace

Lift

Additional details

Property type

Residential Properties

Object type

Flat

Price

115 798 $

Characteristics

Balcony or terrace

Lift

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 (115 798 $) 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).