Flat in Northern Cyprus. City - Bogaz
If you are interested in North Cyprus real estate, buying an apartment by the sea in Iskele, investing in overseas real estate, or modern apartments with an installment plan — take a look at a new residential project in the Boaz area, near Famagusta. This is an excellent opportunity to buy real estate in North Cyprus inexpensively for vacation, permanent residence, or rental. Modern apartments with a panoramic view of the Mediterranean Sea, developed infrastructure, and favorable payment terms make this property especially attractive for investors and buyers of North Cyprus real estate.
The new project is located on an elevated position in the picturesque Iskele area, just a 30-minute drive from the city of Famagusta and all necessary urban infrastructure. The complex includes only 36 exclusive apartments with stunning views of the sea and mountains. This is the perfect place for those seeking tranquility, an ecologically clean area, and comfortable living by the sea.
On the territory of the complex there is a luxurious Infinity Pool, as well as an indoor pool for use in winter. Next to the houses there are private pools, creating an atmosphere of elite resort vacation.
For an active lifestyle, a modern gym, sauna, and hammam are provided. For families with children, a children's playground is equipped. Also on the territory of the complex there is a lounge bar and a cozy coffee shop.
The developer offers favorable conditions for buying real estate in North Cyprus:
— initial payment of only 40%
— interest-free installment plan until March 2025
Only high-quality modern materials are used in the construction, meeting high standards of comfortable housing. Buyers are offered spacious two-bedroom apartments with an area of 82 m² with a thoughtful layout and magnificent views of the Mediterranean Sea or mountains.
The complex is located in a quiet and picturesque place, where coziness, silence, and an atmosphere of complete relaxation prevail. This is the perfect option for those who want to buy an apartment in North Cyprus by the sea, invest in liquid real estate, or purchase housing for a comfortable life in one of the most promising regions of the island.
In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Bogaz; 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 Bogaz 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 (298 189 $) 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 Bogaz: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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