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The Most Beautiful View The Turkish City Of Cyprus

$72,000
$1,285 /m²
  • Total area
    56 m²
  • Bedrooms
    1
  • Bathrooms
    1
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Features
  • Total rooms: 2

PROJECT DETAILS

The project is one of the best rising real estate projects in Cyprus and located in the touristic town of Famagusta. It is being constructed on an area of 8100 m², as a grand tower with a high-end design, 12 stories high, with 2+1 typed apartments and great sea views.

PROJECT LOCATION

The project is located in the city center of Famagusta, which is known for its diverse touristic activities and amazing beaches. It is also close the sea coast, the famous Eastern Mediterranean University EMU and to Ercan International Airport.

PRICES & AREA RANGE

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It is expected to pay about 35% of the value of the property you wish to buy, and the remaining amount will be paid within 6 months from the time of signing the contract.

About Cyprus

Located in the northern part of Cyprus, with a majority of originally Turkish population, and characterized by cultural and tourism diversity as located between Turkey, the European Union, and the Middle East countries. One of the most attractive countries for real estate investment currently, as there are a lot of contractors and real estate companies, with a volume of investments in this sector estimated about one billion euros.

All nationalities are allowed to possess with getting an annual residence and without establishing any trading company. The Turkish Lira is used as the official currency, in addition to Euro-Dollar and the sterling pound. Tourism sector is one of the most important sectors that contribute significantly to support the Cypriot economy, supported by beautiful beaches and a pleasant climate for tourism throughout the year and most of the population speaks English well.

  • Property on the map
    Location right down to the building, street or city
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    Other offers nearby

More properties

If this property wasn’t for you, take a look at other apartments for sale in Turkey.

You can see more apartments for sale in Istanbul elsewhere on our website.

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      How to buy property with Tranio

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      FAQs

      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

      • How does the purchase procedure work?

        The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

      • How does Tranio make money if your service is free for the clients?

        We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

      • Who guarantees the transaction security?

        The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

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