Bellapais - Kyrenia - Catalkoy

Ozankoy is a charming, historical village nestled on the picturesque northern coast of Cyprus. Known for its beautiful old-world architecture and narrow stone lanes, Ozankoy has a rich history that can be traced back to the third century. It harbours stunning historical sights including the Bellapais Monastery, said to be one of the most magnificent sights in the entire region. Ozankoy is located within the coastal city of Kyrenia district which is famed for its vibrant harbour and compelling castle.

An Analysis of The Exclusive Property Market in Ozankoy

Luxury real estate in Ozankoy is experiencing stable and robust growth. The demand is well-matched by the supply of high-end homes and apartments, ensuring a steady cycle of transactions. Political and economic conditions in the area are currently stable, promoting investor confidence. On average, both buyers and sellers in the Ozankoy real estate market can expect to pay around 3% commission. Along with this, you should consider additional costs including a transfer tax of 3%, lawyer fees, notary fees, and potential expenses related to construction inspections or legal processes.

Tax Implications for Property in Ozankoy

The wealth tax in Ozankoy is relatively low, allowing homeowners to maintain wealth. However, there are some taxes to bear in mind. If you sell your main residence, you don't generally have to pay tax on the profit, but the sale of second homes is taxed at 20%. Corporate tax on company profits stands at 12.5%, and income tax for registered residents of Ozankoy has a progressive scale from 20-35%.

Mortgage Requirements in Ozankoy

The mortgage requirements in Ozankoy stipulate a minimum deposit of 25-35% of the property's purchase price. The maximum mortgage you might secure typically aligns with the purchase price, contingent on an individual’s income and credit status.

Ozankoy: The Home of Luxury

The highly-coveted residential areas of Ozankoy include the vicinity of Bellapais Monastery. Ozankoy offers easy access both by road and rail with a fairly short drive to the nearest big city of Nicosia and respective international airports. Ozankoy has several reputed educational institutions nearby including Girne American University. The village is located in the province of Kyrenia, and is home to approximately 2000 inhabitants.

The Lifestyle and Amenities in Ozankoy

Surrounded by beautiful natural landscapes, warm Mediterranean waters, and verdant landscape, Ozankoy is perfect for outdoor activities. From hiking, trekking to water sports, it offers a lot for the adventurous. Luxury lifestyle shops dot the area, making it a haven for fashion and style aficionados. Some top-quality hotels in the region include Malpas Hotel and Bella View Boutique Hotel, with renowned restaurants like Archway restaurant offering the best of the local cuisine. Annual cultural events such as the Bellapais Music Festival keep the local culture vibrant. For art enthusiasts, there are galleries and theatres such as the Kyrenia Municipal Theatre. High-standard hospitals such as Bangkok Hospital and University Dental Hospital are within reach. The public infrastructure in Ozankoy is well-developed, providing a seamless living experience. With this wealth of amenities and natural splendour, it’s no wonder that Ozankoy is the supreme choice for luxury living.