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Villa 173 м² in Alsanjak, Cyprus

605 333 $

3 499 $ /м²

4OcHN
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Area

173 м2

Bedrooms

5

Bathrooms

5

Villa in Northern Cyprus. City - Alsancak

Grandiose 5 bedroom Ottoman Inspired bungalow, Alsancak Outstanding U-shaped bungalow with 5 bedrooms. The property measures 2,411 square meters. Traditional Ottoman style doors open to a charming courtyard. L-shaped salt water pool. Fully electric solar panels. Private water well and 60-ton water pumping station. Water softening unit on water line. Inverter air conditioning, central heating and pellet furnace. Open storage areas and workshop. Full package of title deeds and VAT.

Additional details

Property type

Residential Properties

Object type

Villa

Price

605 333 $

FAQ

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 (605 333 $) 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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