Agia Eirini - Lefke - Karaagac

Nestled along the stunning northeastern coast of Cyprus, Esentepe unfolds a rich history dating back to the Bronze Age and remains adorned with historical sights such as the ancient Antiphonitis Church. This idyllic town, poised amidst a landscape of fascinating geology and captivating sea views, is an unsuspected gem in the Kyrenia district of Northern Cyprus. With the rugged Pentadaktylos mountain range to the west and panoramic Mediterranean views to the east, Esentepe is a meeting place of natural beauty and the charms of everyday Cyprus life.

Esentepe's Exclusive Property Market

Currently, Esentepe's exclusive property market is stabilizing, offering a balanced blend of supply and demand for luxury homes and apartments. This robust market scenario mirrors the stable political and economic situation of the region.

Insights into Buying Property in Esentepe

Buying a luxury home or apartment in Esentepe involves a relatively standard real estate commission both for the buyer and the seller, which generally averages around 3-5%. However, the overall costs would also include additional expenses, such as transfer tax, notary fees, and possible construction inspection or legal costs. The transfer tax on private property in Esentepe is around 4%.

Tax Structure in Esentepe

Esentepe is known for an amicable tax structure. A modest wealth tax is applied on the private ownership of a house along with corporate tax for registered companies. While tax on the profit made when selling a privately owned property as a main residence is exempt, selling a second or vacation home may attract a tax. Additionally, a progressive rate of income tax is levied on local residents.

Mortgage Requirements and Home Loan Limit in Esentepe

The mortgage requirements in Esentepe maintain a decent ratio between own and foreign capital with reasonable income requirements. The maximum mortgage one can get on the purchase price can be up to 80% based on individual circumstances.

Exclusive Residential Areas and Accessibility

The most coveted residential areas around Esentepe, renowned for luxury homes, include the Sea Magic Park and Bahceli. Esentepe is easily accessible via the Ercan International Airport, just 30 minutes away, and the stylish port town of Kyrenia, a mere 20-minute drive.

Community and Amenities

Esentepe is home to the prestigious British University of Cyprus. In proximity are exclusive lifestyle shops, internationally acclaimed hotels like the Elexus Hotel & Resort & Spa, and restaurants dishing out exquisite local and global cuisines. The connectivity of Esentepe is well sustained by developed public infrastructure. Annually, it hosts an enticing range of historical, cultural, and sporting events and is known for its art and cultural resources, including the famous Bellapais Abbey museum. The Kyrenia General Hospital and several well-equipped clinics cater to the town's healthcare requirements. With stunning landscapes, a favorable climate, and myriad sports and outdoor activities such as golfing at the acclaimed Korineum Golf and Beach Resort, Esentepe is genuinely a resident's paradise amid nature and luxury.