Girne, North Cyprus, Cyprus

Apartments in Karaağaç, Girne (ECN-00213)

TEKCE Real Estate
FromGBP948,600 – GBP1,086,000
Gross yield8%
Exp. 5-yr capital growth50%

About the property

Villas in Girne, North Cyprus, Cyprus

Detached Villas Close to Golf Courses in North Cyprus Girne
Karaağaç village, affiliated with Girne in Northern North Cyprus, offers a tranquil environment with its crystal-clear sea. This region, attracting local and foreign investors, is a short drive from Girne city center and international airports. Karaağaç enjoys up to 300 sunny days annually.

The villas for sale in North Cyprus Girne are 400 meters from Girne - Karpaz road, 600 meters from the sea and marina, 4.5 kilometers from Korenium Beach, 5 kilometers from Esentepe Public Beach and Korenium Golf Club, 7 kilometers from Alagadi Turtle Beach, 16 kilometers from Girne, 23 kilometers from Girne Harbor, 30 kilometers from Ercan Airport, and 65 kilometers from Larnaca International Airport.

Built on a total land of 35,000 square meters, the project's villas come in twin 3+1, independent 3+1, and independent 4+1 plans. The complex has gardens, landscaping areas, and an optional outdoor swimming pool. Each villa has designated private parking areas. All villa models include a roof terrace.

The entrance floors of twin villas consist of a living room, open-plan kitchen, one bedroom, and a guest bathroom - toilet. Access to the spacious garden terrace is provided from the living room. The second floor comprises one en-suite bedroom, one additional bedroom, a bathroom - toilet, and a laundry room.

The entrance floor of independent 3+1 villas includes a living room, a separate kitchen, one bedroom, and a guest bathroom - toilet. Access to the front and rear garden terraces is possible from the living room. The bedroom also has a balcony terrace. The second floor includes one en-suite bedroom, one additional bedroom, a bathroom - toilet, and a spacious terrace.

The entrance floor of independent 4+1 villas consists of a living room, open-plan kitchen, two bedrooms with one en-suite, a pantry, and a bathroom - toilet. Access to the garden terrace is available from the living room. The second floor includes one en-suite bedroom, another bedroom, a bathroom - toilet, and a spacious terrace.

The villas have comfort-enhancing features such as central satellite system infrastructure, internet infrastructure, air conditioning installation, and hot water installation.

Features: Apart Kitchen, Balcony, Barbeque, Cellar, En-Suite Bathroom, Laundry Room, Open-Plan Kitchen, Shower, Terrace, Satellite TV, Car Park, In A Complex, Private Garden, Private Pool, Security Camera, Social Club, Airport (0-50 Km), Beach (0-500 M), Sea (0-1 Km), Sea View, Beautiful Nature View, Mountain View, Forest View, Stores / Shopping Mall, Bars / Restaurants, Air Conditioning, West, East, North, South
ECN-00213

Why buy

  • Entry from £948,600

    Off-plan pricing in Girne, North Cyprus, Cyprus, with 2 units released up to £1,086,000.

  • 3-bed to 4-bed homes

    A choice of 3-bed, 4-bed villa layouts to suit both end-users and investors.

  • Close to the coast

    Positioned near the beach in North Cyprus, one of Cyprus's established coastal destinations.

  • Resort-style amenities

    On-site swimming pool, garden within a managed development — strong appeal for holiday-let demand.

  • Growing overseas-buyer market

    Cyprus continues to draw international buyers for lifestyle and rental-yield potential; freehold purchase is open to foreign nationals.

The address

  • [45 minutes] by car
  • [1 hour 20 minutes] via Metehan border crossing
  • Historic marina and old harbour
  • Main Kyrenia coastal highway
  • Kyrenia Harbour waterfront restaurants
  • Kyrenia Castle and St Hilarion Castle
  • Kyrenia town centre
  • British international school (A-level and IB)
  • Private university
  • Private university

Nearby transport, places and schools are as recorded by the seller. Confirm distances and school admissions independently before advising.

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  • Full pricing and payment plans
  • Floor plans and project documents
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TEKCE Real Estate

TEKCE Real Estate

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Mortgage Calculator

Cyprus mortgage analysis for Apartments in Karaağaç, Girne (ECN-00213)

Property Details

35.0% of property price — Cyprus banks typically require 30–40% from non-EU buyers

Loan Terms

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Loan Amount
£616,590.00

Foreign Ownership Rules

  • EU citizens: Unrestricted — same rights as Cypriot nationals. May own unlimited residential or commercial property in their own name.
  • Non-EU citizens: Must obtain Council of Ministers permit (Acquisition of Immovable Property by Aliens Law, Cap. 109). Permit is functionally a formality for residential acquisitions in approved developments; allow 3–6 months processing. The cap generally permits up to two properties under individual name (most commonly one residence plus one investment unit), though the exact form varies application-by-application; corporate vehicles are unrestricted.
  • Title deeds: Cyprus operates a Torrens-style registered-title system via the Department of Lands & Surveys. Separate title deeds (Τίτλος Ιδιοκτησίας) per unit are issued only after development completion and final approvals; off-plan buyers receive contractual rights pending title issuance.
  • Limassol Greens / branded developments: Master-planned projects such as Limassol Greens by Lanitis issue individual title deeds per villa/apartment on completion. Pre-completion buyers should require a current Land Registry search certificate confirming the developer's parcel is free of encumbrances and that the contract of sale has been lodged under the Specific Performance Law.

Residency & the Cyprus Permanent Residency

Cyprus Permanent Residence (Category F / Fast-Track) is the principal investor pathway. The Cyprus Investment Programme (passport-by-investment) was discontinued in November 2020 — only the PR remains.

  • Investment threshold: €300,000 (excluding VAT) into new residential property purchased directly from a developer (first sale) or other approved investment. Resale residential property does NOT qualify for the property route under current MIP rules. May be split: e.g. €300k in property + business/fund contributions.
  • Family eligibility: Includes spouse and minor children (under 18). Adult unmarried children up to age 25 in full-time study may also qualify with proof of dependence.
  • Income proof: Minimum stable annual income (post-2023 reforms): €50,000 main applicant + €15,000 spouse + €10,000 per dependent — must originate outside Cyprus.
  • Visit requirement: Holder must visit Cyprus at least once every 2 years. Tax residency is separate and requires 183-day (or 60-day non-dom) presence.
  • Naturalisation: Eligible after 8 years of legal residence in the last 11 (with 12 months continuous immediately before application) plus a Greek-language requirement — per the amendment published 19 Dec 2023, effective 22 Mar 2024. A fast-track 3–4 year route exists for highly skilled applicants who can also evidence Greek language proficiency.
  • Non-dom regime: 17-year exemption from SDC on worldwide dividends, interest, and rental income for individuals who become Cyprus tax-resident having not been domiciled there for the prior 17 of 20 years.

Buying Process & Timeline

  1. Reservation — €5,000–€20,000 holding fee, typically deducted from purchase price.
  2. Engage a Cypriot advocate (δικηγόρος) — Cyprus has no notary tradition; lawyers handle conveyancing. Verify lawyer is independent from developer (insist on this for branded-residence purchases).
  3. Due diligence — Search Land Registry for encumbrances, mortgages on the developer's parcel, planning permits. 2–4 weeks.
  4. Contract of Sale — Bilingual English/Greek. Lodge stamped contract at Land Registry within 6 months under Specific Performance Law N.81(I)/2011 to protect buyer's contractual interest.
  5. Council of Ministers permit (non-EU only) — 3–6 month formality.
  6. Payment — Staged for off-plan (reservation, contract, completion of stages). FATCA / CRS source-of-funds declarations required by Cypriot banks under AML framework.
  7. Completion & title deed transfer — Title deeds issued by DLS post-completion; buyer attends in person or via Power of Attorney.
  8. Typical timeline: 3–6 months ready property; 12–36 months off-plan with staged construction payments.

Lifestyle & Practical Factors

  • Climate: Mediterranean — 300+ sunny days annually. Coastal summers 28–33°C with sea breeze; mild winters 12–18°C in coastal districts. Troodos mountain ski season Dec–Feb (~1,950m peak).
  • Languages: Greek and Turkish are official; English is universally used in business, education, and professional services — a legacy of the British colonial era to 1960.
  • Healthcare: GeSY (General Healthcare System) introduced 2019 covers all residents; private hospitals (American Medical Centre, Mediterranean Hospital) are widely used by the expat community.
  • Education: English School Nicosia, The Heritage Private School (Limassol), International School of Paphos, American Academy Larnaca serve expat families. Cyprus has 8 universities (Public + Private) with English-medium programmes.
  • Connectivity: Larnaca (LCA) and Paphos (PFO) international airports. Daily direct to London, Tel Aviv, Athens, Dubai; strong East-Med hub status. Cyprus is a full EU member but not yet a Schengen state — accession is targeted for 2026, pending EU Council unanimity.
  • Banking & capital flows: Full EU SEPA participation; no capital controls (the 2013 controls were lifted in 2015). Hellenic Bank, Bank of Cyprus, Eurobank Cyprus are the principal players.
  • Safety & political stability: Among the safest EU member states (low violent-crime rate). The Republic of Cyprus controls the southern two-thirds of the island; properties in the de facto "Turkish Republic of Northern Cyprus" should be approached with extreme legal caution — Republic of Cyprus does not recognise such titles.