Penthouse in Northern Cyprus. City - Esentepe
We present to you a luxurious 1+1 penthouse with stunning sea views in a new residential complex. This modern apartment is perfect for those who value comfort and style. The spacious layout includes a bright living room, a cozy bedroom, and a stylish kitchen equipped with modern appliances. Large panoramic windows fill the space with natural light and offer breathtaking views of the endless sea.
The residential complex offers a range of amenities: a swimming pool, a fitness center, a relaxation area, and a secured territory. Its location near the beach and developed infrastructure makes the penthouse an ideal choice for both permanent living and vacationing. Enjoy your morning coffee on the terrace with a sunset view and create unforgettable moments in this unique corner!
When buying this apartment - VELES Property provides assistance not only in obtaining a residence permit, but a bank account, driver's license, health insurance as well as in the selection of cars in Northern Cyprus!
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 (137 505 $) 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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