Flat in Northern Cyprus. City - Alsanjak
For sale: 2+1 apartment on the first ground floor of the KIBRIS TOWNHOUSES complex in Alsancak, Kyrenia.
The apartment comprises a bright living room with an open-plan kitchen, two bedrooms with built-in wardrobes and a bathroom with a shower cabin. Panoramic sliding doors lead to a covered terrace with views of the large communal pool and green garden. According to the title deed, three terraces are provided.
The built-in kitchen is equipped with an oven, hob, refrigerator and dishwasher. Air conditioners are installed. The apartment is sold without freestanding furniture.
The complex stands out for its Mediterranean architecture, well-maintained palm alleys, walking paths, poolside relaxation areas and parking.
The individual Koçan is registered to the owner.
The apartment is suitable for permanent residence or holiday in a quiet low-rise development.
Asking price: £207 000
Sale is available only to citizens of the TRNC and Turkey. Purchase conditions are subject to legal confirmation.
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 (268 370 $) 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).
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