Flat in Northern Cyprus. City - Iskele
North Cyprus real estate is a profitable investment by the sea, and this studio in the Bellagio residential complex on Long Beach is an excellent example of a liquid offering. If you are looking for an apartment in North Cyprus by the sea, a holiday apartment or an investment property with passive income, this property combines a favorable price, a prestigious location and high rental potential.
A stylish 48 m² studio apartment with a balcony and high ceilings is located in a modern hotel-type residential complex by a reliable developer. The apartments offer a picturesque mountain view and breathtaking sunsets, which makes this North Cyprus property especially attractive both for personal living and for renting out.
The Bellagio complex offers 5-star hotel-level infrastructure, which makes buying an apartment in North Cyprus as comfortable and promising as possible:
– landscaped green areas for relaxation
– fitness center and SPA complex
– indoor and outdoor pools, including children's pools
– cycling paths and bike rental
– reception and management company
– medical center
– entertainment spaces
– children's playgrounds
– rooftop restaurant and bar with panoramic views
Just a 5-minute walk away is the famous Long Beach — one of the best beaches in North Cyprus with golden sand and the clean Mediterranean Sea.
A special advantage is the possibility of renting out the apartments through the management company. This makes buying property in North Cyprus a profitable investment with passive income and high liquidity.
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 (121 868 $) 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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