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Flat 78 м² in Nicosia, Cyprus

ID 4OjQf
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Area
78 m²
Bedrooms
2
Bathrooms
1

Description

Flat in Nicosia. City - Nicosia

Buy an apartment in Northern Cyprus — an excellent opportunity to purchase your own home in Lefkoşa on favorable installment terms. A spacious 2+1 apartment with an area of 78 m² is located in the modern residential project Cihangir 47. Construction is scheduled to start in May 2027, and the completion of the property is planned for November 2029. The real estate is suitable for own living, family holidays, and long-term investments.


Apartment features




  • Type: 2+1 (two bedrooms and a living room).

  • Area: 78 m².

  • Location: Lefkoşa, Northern Cyprus.

  • Ownership: 100% Turkish title deed (Türk Koçan).

  • Start of construction: May 2027.

  • Completion of the property: November 2029.


Price and purchase terms




  • Down payment: 20,000 STG.

  • Installment: 47 months at 1,490 STG per month.

  • Additional furniture: 15,000 STG.

  • Additional en-suite bathroom: 4,000 STG.


Comfort and infrastructure


The residential project includes a semi-covered parking, controlled access to the territory via a code system, and professional management of the residential area. For interior finishing, buyers can choose parquet or ceramic tiles.


Construction quality and technical control


The Cihangir 47 project will be built in accordance with current seismic construction standards and approved engineering designs. At all stages of work, special attention will be paid to the quality of materials, compliance with technical requirements, and professional execution of construction works.


Sampling of construction materials, including concrete, and necessary testing in accordance with applicable standards are provided. Construction processes will be monitored by technical specialists. When performing finishing, installing windows and doors, arranging insulation and engineering communications, the durability and functionality of materials will be taken into account.


Fire safety


The project includes two fire escapes and fire alarm systems. Evacuation routes and fire safety solutions will be organized in accordance with current regulations and approved project documentation.


Commercial premises


The project includes 9 shops with separate storage rooms. Two parking spaces are planned in front of each shop, which will ensure convenience for business owners and visitors.


Real estate in Lefkoşa for living and investments


If you are looking for real estate in Northern Cyprus, a 2+1 apartment in the Cihangir 47 project can be an option for own living or long-term investment. The convenient layout, provided infrastructure, and installment plan make the offer interesting for buyers considering purchasing housing in Lefkoşa.


When purchasing real estate - VELES Property provides assistance in obtaining a residence permit and a bank account in Northern Cyprus.


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Characteristics

Property type
Residential Properties
Number of rooms
3
Object type
Flat
Price
116 682 $
Year of construction
2029

Location

Address
Cihangir, Lefkoşa ilçesi, Kuzey Kıbrıs, 99100, Κύπρος - Kıbrıs

FAQ

How can I get a residence permit by buying property in Cyprus?

In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Nicosia; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Is a mortgage available for non-residents in Cyprus?

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.

What taxes and fees apply when buying in Cyprus?

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.

How is the title checked in Cyprus?

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.

Can I rent out property after purchase in Cyprus?

Yes. Rental income tax is 5–25% depending on the regime. In Nicosia short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Is a property inspection recommended before purchase?

Yes. An inspection costs about 0.5–1% of the price (116 682 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

How long does the purchase process take in Cyprus?

A typical transaction runs 30–90 days, averaging 45 in Nicosia: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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Flat with 2 bedrooms in Nicosia, Cyprus