Flat in Northern Cyprus. City - Iskele
Beautiful 2+1 apartment on the 11th floor in the largest complex of Northern Cyprus. The complex provides all the necessary services to make your life as comfortable and diverse as possible.
The apartment includes a spacious living room and two bedrooms. From the 11th floor, a magnificent view opens up that can be enjoyed from the terrace. The apartment also offers three bathrooms equipped with individual ventilation and heated floors.
On the terrace, there is a separate room for a washing machine, sink, and gas cylinder. Separate heating of the terrace and a sliding electric roof controlled by a remote control allow you to enjoy fresh air and a beautiful view at any time of the year.
The apartment is fully furnished, with designer wardrobes and interior doors. The kitchen has a granite surface, and all necessary plumbing and kitchen equipment are available for your convenience. Mosquito nets and blackout curtains on all windows provide comfort and protection from insects.
In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Iskele; 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 Iskele 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 (164 652 $) 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 Iskele: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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