Bahceli - Tatlisu - Gypsou.

In the north-east of Cyprus, set amidst a natural landscape of pristine beaches and lush mountains, sits the charming village of Kucuk Erenkoy. This ancient town, steeped in history, boasts numerous historic sites like Bare Hill and Ayios Iakovos Church. Its geographical location provides it with the perfect balance of rural tranquility and easy access to urban amenities. Despite its modest size, the town offers a luxury lifestyle that rivals that of larger, more populated areas.

The Luxury Property Market in Kucuk Erenkoy

A popular retreat for affluent locals and foreigners alike, Kucuk Erenkoy hosts a stable luxury real estate market with a balanced demand and supply of distinguished homes and apartments. For seekers of upscale living, the district is a sanctuary with properties that reflect the blend of history and modernism inherent in its culture.

Political and Economic Stability

Kucuk Erenkoy enjoys a peaceful and secure political environment, with stable local and national governance contributing to a strong economy that augments the exclusive property market. This robust political and economic climate enhances the overall appeal for property investment.

Transaction Costs and Taxes

Like any real estate market, there are additional costs associated with buying a home in Kucuk Erenkoy. Apart from the purchase price, buyers should take into account transfer tax, notary fees, realtor’s commission, and potential construction inspection or legal costs. Both buyers and sellers typically pay a portion of the real estate commission, although the exact percentage may vary. In terms of taxes, a nominal transfer tax is levied on private property transactions. There is also a wealth tax on private ownership of homes, but it remains reasonable to provide an affordable luxury lifestyle. Tax on profits from selling a primary or secondary residence depends on various factors, including the period of ownership and any improvements made to the property.

Mortgage Requirements and Availability

Mortgage requirements in Kucuk Erenkoy generally require a balance between the buyer's own capital and foreign capital, with lenders looking at income levels, property value, employment status and credit history. The maximum mortgage one can procure is determined on a case-by-case basis.

The Upscale Neighborhoods of Kucuk Erenkoy

As Kucuk Erenkoy continues to develop, more upscale neighborhoods have emerged. These residential areas are characterized by exclusive amenities, breathtaking views, notable peace and quiet, and easy access to top-tier schools, restaurants, and shopping centers.

Accessibility and Proximity to Major Cities

While enjoying its serene setting, Kucuk Erenkoy is easily accessible by road, and utilizing public transit for commuting is not uncommon. It also boasts a relatively close proximity to the large city of Kyrenia, and is within reach of both national and international airports.

Cultural, Educational, and Recreational Venues

Despite its size, Kucuk Erenkoy has a variety of cultural, educational, and recreational venues. The town is home to elite schools, universities, and training institutions, and features fine restaurants, luxury lifestyle shops, high-quality hotels, and vibrant nightlife.

Quality of Life and Amenities

Undeniably, Kucuk Erenkoy offers affluent living against the backdrop of natural beauty, cultural experiences, and modern amenities. Here, one can enjoy high-quality healthcare facilities, annual historical, cultural and sporting events, and myriad opportunities for outdoor activities. Living in Kucuk Erenkoy means being part of a vibrant, diverse community while enjoying the luxury lifestyle in exclusive residential districts.