Flat in Northern Cyprus. City - Esentepe
North Cyprus real estate by the sea in Esentepe — this is a unique 2+1 loft (penthouse) in a new residential complex near the beach, ideally suited for buying property in North Cyprus, investments, permanent residence, holidays and rental. The property with a total area of 135 m² includes 75 m² of living space, a 10 m² balcony and a spacious 50 m² rooftop terrace. This is an excellent offer for those looking for North Cyprus real estate by the sea with high investment potential and premium-level comfort. Esentepe is one of the most sought-after areas among foreign buyers thanks to picturesque views of the Mediterranean Sea and mountains, developed infrastructure and a calm resort atmosphere.
The residential complex consists of seven blocks and offers a modern format of comfortable living. Well-maintained grounds, thoughtful layouts and proximity to the sea make this project especially attractive for those considering property in North Cyprus for living or investment. Just a few minutes to the beach provide constant access to the sea, fresh air and a mild Mediterranean climate.
The Esentepe area is known for its developed infrastructure and popularity among investors. Nearby are the Korineum golf club, modern SPA centres, entertainment areas and historical sights, including ancient fortresses in the mountains. This makes the location especially attractive for holidays and long-term investments in North Cyprus real estate.
The project combines comfort, luxury and a resort lifestyle, which makes this 2+1 loft (penthouse) an excellent option both for living and for 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 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 (362 365 $) 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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