Flat in Northern Cyprus. City - Iskele
Northern Cyprus real estate continues to attract investors thanks to affordable prices, high rental potential and the rapid development of the region. This studio apartment in the Long Beach area, Iskele — an excellent opportunity to buy property in Northern Cyprus by the sea for holiday, permanent residence or rental. The apartments are located in the modern residential complex Park Residence by the developer Noyanlar Construction, just a 5-minute walk from the Mediterranean Sea. The property is ideal for those looking for an apartment in Northern Cyprus, apartments in Iskele, property in Long Beach or a profitable investment in real estate by the sea.
For sale is a fully furnished studio with an area of 51 m², located on the 1st floor of a modern 8-storey building constructed in 2023. The apartment includes a bright living space with access to a balcony, a fitted kitchen and a bathroom. Thanks to the successful layout and readiness for occupancy, the property is perfect for both personal living and short-term or long-term rental.
Buying an apartment in Long Beach is not only a comfortable life by the sea, but also a promising investment. The Iskele area is considered one of the fastest-growing regions of Northern Cyprus thanks to active construction, infrastructure development and high demand for rental property.
✨ Modern apartment in Park Residence — a profitable offer for living, holiday and investment in one of the most popular areas of Northern Cyprus.
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 (89 456 $) 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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