Apartment in Northern Cyprus. City - Esentepe
The 2+1 Apartment in our modern residential complex is a perfect combination of comfort, style and functionality. It is perfect for a family or people who appreciate space and convenience.
The area of the apartment is carefully designed to maximize the use of every square meter. The spacious living room creates a cozy atmosphere for family evenings and friendly meetings. The living room smoothly passes into the dining area and open kitchen, which makes the space even more light and spacious. The kitchen is equipped with modern furniture and all necessary appliances to ensure comfortable cooking.
The apartment has two separate bedrooms, each of which provides ample space for rest and privacy. The master bedroom can be fitted with fitted closets and a separate bathroom for added convenience. The second bedroom is ideal for children, guests or use as an office.
The apartment also includes a modern bathroom with quality fixtures and stylish finishes. Additional apartment complex amenities such as gated community, parking, fitness center and swimming pool provide a high level of comfort and security for all residents.
In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Esentepe; 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 Esentepe 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 (294 485 $) 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 Esentepe: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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