Property for Sale in Geçitkale, Famagusta

Buying property in the region of Gecitkale, Famagusta has emerged as one of the most attractive investment options over the years. This seaside region of Eastern Northern Cyprus has peaceful beaches, pristine nature and offers high ROI . The region of Gecitkale enjoys a reputation not only due to the low costs of property and the enormous investment potential but also due to its extremely safe conditions and very hospitable residents.  This informative guide by Dxboffplan brings you the latest details regarding a Property for Sale in Gecitkale, Famagusta so that informed choices can be made on your part.

A quick summary of the key points of the article:

• Gecitkale is a rapidly developing area in the East part of Northern Cyprus.
• Property prices have increased here by over 85% in the last five years.
• Gecitkale has good security and the tranquility of the Mediterranean sea.
• Investment potential is strong as the area is still in the development phase.
• There are diverse choices including: apartments, villas, plots of land.
• Real estate prices here are typically between £62,000 and £220,000.
• Foreigners are allowed to purchase real estate but they need to get a permit from the government in order to do so.
• The purchasing process is simple: make a reservation, sign a contract, get the approval and change the title deed.

Why is Purchasing Property in Gecitkale So Popular?

Several reasons contribute to the attraction of investors toward this region:

• Rise of property prices over the years: As per official records, property costs in Gecitkale have gone up by over 85% over the last five years. Off-plan properties located on the coastline and land with potential have increased the profitability of investments made in the area.
• High Safety and Quality of Life: This region has a low rate of crimes and a very favorable environment
• Untapped Investment Opportunities: The fact that Gecitkale still lags behind Kyrenia or Nicosia when it comes to development levels provides an investor with the chance to purchase land or an early-stage property that could increase greatly in value over the next few years.

Types of Properties Available for Purchase in Famagusta’s Gecitkale Area

Gecitkale, with its accelerated construction development and heightened demand from foreign investors, offers a broad variety of real estate choices. Buyers may choose according to their budget and preference. Some of the different types of available properties are given below:

• Modern and Upscale Apartments: they have great design and a popular address near the Mediterranean shore. They have amenities like swimming pools, fitness centers, spas, security, parking.
• Seaside Villas with Sea Views: private and luxurious living equipped with private swimming pools, gardens, terraces, direct connection to the Mediterranean Sea.
• Land and Unbuilt Projects: A number of land plots are located in the areas that are being developed with improved infrastructure which is a fast way to increase the land’s value. They can develop the property themselves or share the development costs with others or use tempting installment plans.

Costs of Buying a Property at Gecitkale

One of the major advantages of investing in property at Gecitkale is its housing cost. Real estate prices in Famagusta are generally affordable, here in particular you’ll find options that suit most budgets, typically between £62,000 and £220,000.

The transfer of the property title depends on the property type and may cost between €500 and €1000. On the other hand, there are currently monthly fees that are required of residents that range between €50 and €100.

Legal Process For Purchasing A Property In Geçitkale

Buying property at Gecitkale can be done completely legally and easily even by foreigners;

• Step 1: Choosing the right Property to suit your preference through Dxboffplan.
• Step 2: Reservation Agreement: pay 2% to 5% of the property price.
• Step 3: Sign the Sales Contract: officially register your property with the Limassol Land Registry.
• Step 4: Purchase Approval by the Ministry of Interior: Foreign buyers should have an official permit authorized by the Ministry of Interior of Cyprus.
• Step 6 : Registration with Local Authorities: The property must then be registered so the municipal taxes can be activated.
• Transfer of title deed to the buyer: The deed of the property will then be transferred at the Land Registry Office

Final Words

Depending upon your requirements and budget, you choose a Property for Sale in Gecitkale, Famagusta at affordable prices. Your chosen place may vary from apartments to luxurious beachside properties or even land. As a potential buyer of property in Northern Cyprus or even the UAE, dxboffplan stands by your side. As one of the leading global property portals, we enable direct cooperation with respected developers of property in Cyprus and the UAE and will introduce you with the best options and facilitate a smooth purchase of the property. Get in touch with Dxboffplan today and make the most of our complimentary consultation on the best property that suits your investment requirements.