Flat in Northern Cyprus. City - Bogaz
Looking for North Cyprus real estate by the sea, a studio in North Cyprus for investment, or an apartment in Iskele near Long Beach? The modern studio in Boaz is an excellent opportunity to buy real estate in North Cyprus in one of the most sought-after areas of the island. The Iskele, Long Beach location is known for its 3-kilometer sandy beach, clean Mediterranean Sea, and high tourist demand, which makes buying real estate here especially advantageous for investment and rental.
The unique residential project is located in the Iskele region, which is famous for its renowned Long Beach stretching 3 km. Here you will find crystal-clear Mediterranean Sea, soft light sand, and ample opportunities for relaxation and comfortable living in North Cyprus.
The spacious and bright 50 m² studio is designed in a modern style and has an open layout with a balcony. Floor-to-ceiling panoramic windows provide maximum natural light, creating a sense of spaciousness. The single living space is ideal for a small family, vacation, or rental.
The residential project offers extensive resort-level infrastructure: SPA center, Turkish bath, sauna, fitness center, indoor and outdoor pools. For families, children's playgrounds are provided. The territory also includes two restaurants, a supermarket, a water park, a tennis court, mini-golf, and sports grounds, forming a fully autonomous and comfortable living environment.
An additional advantage is the presence of a management company, which allows you to receive a stable income from renting out real estate in North Cyprus without the owner's personal involvement. Thanks to the high tourist demand in the Iskele area, the studio is an excellent option both for living and for investment with high returns.
Purchase is available only to citizens of Turkey and North Cyprus.
In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Bogaz; 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 Bogaz 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 (134 833 $) 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 Bogaz: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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