Tatlisu, situated on the pristine northeastern coast of Cyprus, holds a rich history tracing back to the Bronze Age. Beautifully encapsulating its past, this picturesque seaside village is home to numerous historical sights such as ancient chapels and tombs. Geographically, it offers a unique blend of mesmerizing mountain views and serene beaches. Owing to its exceptional yet tranquil location, Tatlisu is the epitome of luxury living.
Luxury Home Market Overview in Tatlisu
The exclusive property market in Tatlisu is currently stable with a steady growth trend. Owing to its charm and exclusivity, the demand for luxury homes balances well with the supply—there's always something for the discerning buyer. The political and economic situation is stabilizing, leading to an ideal environment for prospective property buyers and investors.
Understanding Costs in Tatlisu's Exclusive Property Market
The average real estate commission, both for buyers and sellers, range between 3-5%. Additional costs such as transfer tax, notary fees, realtor commissions, and possible construction inspection or legal costs should also be considered. The transfer tax on private property in Tatlisu is generally around 4-6%. The wealth tax on private home ownership depends primarily on the property's value.
In Tatlisu, there's no tax levied on profit made from selling a privately-owned home or apartment used as a main residence. For those selling second or vacation homes, capital gains tax may apply. The corporate tax for registered companies stands at 12.5%, while income tax for registered residents ranges between 20-35%.
Mortgage and Financing in Tatlisu
General mortgage requirements in Tatlisu can vary but typically they involve a satisfactory ratio between one's own capital and foreign capital, along with income requirements. The maximum mortgage attainable on a purchase price is usually around 70-80%.
Exploring Tatlisu’s Luxury Residential Areas
The most sought-after and expensive residential areas in Tatlisu are concentrated along the coast, offering breathtaking sea views. Aloa, Ziya, and Meric are among the exclusive neighborhoods that host many of Tatlisu's luxury homes.
Accessibility of Tatlisu
Tatlisu is easily accessible by road with good connections to major highways. The nearest significant city, Famagusta, is just 28 kilometers away. The closest national and international airport is Ercan International Airport, approximately 50 kilometers from Tatlisu.
Educational Institutions in Tatlisu
Tatlisu is in close proximity to prominent schools, universities, and training institutions. Eastern Mediterranean University and Cyprus International University are well-renowned educational institutions near Tatlisu.
Tatlisu: A Blend of Nature, Culture, and Luxury
Located in the province of Famagusta, Tatlisu is a home to approximately 2,000 inhabitants. With its unique landscape featuring lush mountain ranges, tranquil beaches, and an abundance of water bodies, it boasts an idyllic Mediterranean climate.
Outdoor sporting activities such as hiking, cycling, and paragliding are popular. High-end lifestyle shops, including designer boutiques, jewellers, and home decor stores, dot the area. Tatlisu is home to luxury establishments like the Arkin Palm Beach Hotel, and fine dining options such as Sea Point Restaurant.
The annual cultural and sporting events such as the Tatlisu Art Festival and Bayrak International Triathlon contribute significantly to the vibrant local culture. Rich with history, the area also hosts museums, galleries, and theaters featuring a range of art and culture.
Healthcare & Infrastructure in Tatlisu
Notable healthcare facilities near Tatlisu include the Gazımagarusa State Hospital. The local infrastructure is well-developed, making Tatlisu an ideal place for luxurious lifestyle seekers and families.
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