Penthouse in Northern Cyprus. City - Esentepe
A stylish and cozy one-bedroom penthouse apartment is for sale in a modern residential complex located in the picturesque area of Esentepe in the city of Kyrenia. The complex consists of 52 apartments, providing comfort and privacy for its residents. The apartment is located on the 2nd floor with access to a spacious terrace, which offers breathtaking views of the sea and mountains.
The total area of the apartment is 104 m2, which includes two bathrooms, a bright, spacious living room with a built-in kitchen unit, a storage room and a bedroom on the second floor.
The apartment is a glazed loft with a door. Furniture and household appliances are included in the price.
Residents of the complex can take advantage of a number of amenities, such as a swimming pool, a gym and a well-kept garden.
Parking is also provided for car owners. There is a shop across the road.
For the convenience of buyers, 100% payment is offered, however, installment payments are possible under certain conditions.
An excellent choice for those looking for comfortable housing with beautiful views of nature and in close proximity to the sea. An ideal place for relaxation and permanent residence!
In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Esentepe; 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 Esentepe 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 (175 024 $) 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 Esentepe: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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