Flat in Northern Cyprus. City - Alsanjak
Looking for North Cyprus real estate for living, vacation, or profitable investments? Take a look at modern 2+1 apartments in Kyrenia, Alsancak district — one of the most popular and sought-after areas of North Cyprus. A new build by the sea with an installment plan until 2027 is perfect for those who want to buy an apartment in North Cyprus from a developer, invest in liquid real estate, or purchase housing for rent. Convenient payment terms, developed infrastructure, proximity to beaches, and high rental potential make this property an excellent option for buyers of overseas real estate.
We present to you cozy 2+1 apartments in a modern residential complex that is being built in the picturesque Alsancak area, Kyrenia. Completion of construction and handover of keys are planned for spring 2027. During the construction phase, a favorable installment plan is available: the down payment is only 35%, and the remaining 65% is paid before completion of construction.
Alsancak is considered one of the best places to buy real estate in Kyrenia. It combines the stunning nature of North Cyprus, mountain landscapes, clean Mediterranean beaches, and comfortable urban infrastructure. That is why apartments in Kyrenia are in high demand both among foreign buyers and among investors interested in stable rental income.
The complex includes a communal pool, BBQ area, covered parking, and a well-maintained green garden for comfortable relaxation of residents. Thanks to its successful location, shops, restaurants, schools, supermarkets, and beaches are nearby, making the property ideal both for permanent residence and for renting out real estate in North Cyprus.
2+1 apartments in Kyrenia are an excellent opportunity to buy North Cyprus real estate at a favorable price at the construction stage and get a promising property with high investment potential.
In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Alsanjak; 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 Alsanjak 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 (168 542 $) 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 Alsanjak: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
168 542 $
Alsanjak, Cyprus
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