Flat in Paphos. City - Lapta
North Cyprus real estate — a unique two-level 2+1 apartment in Lapta (Kyrenia) in the Atoll 1 residential complex — an ideal option for living by the sea, investment and buying property in North Cyprus with a sea view. If you are looking for an apartment in North Cyprus by the sea, an apartment in Kyrenia (Lapta) with furniture or investment property with high rental potential, this property combines a convenient location, comfort and style.
The apartment is located in one of the most popular areas of Kyrenia — Lapta, which is valued for its calm atmosphere, developed infrastructure and proximity to the sea. Within walking distance are shops, pharmacies, restaurants and public transport stops, which makes this North Cyprus property convenient both for permanent residence and for holidays.
The property is a two-level 2+1 apartment in the modern Atoll 1 residential complex with beautiful landscaped grounds and a shaped swimming pool, which will be a great place to relax on hot days.
Apartment layout:
On the first level there are a kitchen, living room, bedroom and bathroom. On the second level — a second bedroom with its own bathroom and breathtaking sea view. An elegant wooden staircase emphasises the style of the interior, and large windows fill the space with natural light.
The apartment is fully furnished and equipped with all necessary appliances, which allows you to move in or rent it out immediately.
Advantages of the property in Atoll 1:
Buying an apartment in Lapta is an excellent opportunity to invest in North Cyprus real estate, enjoy life by the sea and receive a stable rental income.
The two-level 2+1 apartment in Atoll 1 is a combination of comfort, style and a profitable investment in North Cyprus real estate.
In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Lapta; 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 Lapta 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 (200 953 $) 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 Lapta: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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