Park Avenue Kyrenia: 24 Apartments, 36 Offices Guide (2026)

Park Avenue Kyrenia is a mixed-use development of two five-floor blocks that the developer Carrington lists in Kyrenia (Girne), Northern Cyprus: 24 apartments on the fourth and fifth floors above 36 commercial and office units, with a starting price of £264,950 and a delivery year that the developer’s own page gives as both 2026 and 2027.

This guide reads Park Avenue Kyrenia as the developer’s page presents it on 26 October 2026. It covers the plan areas that add up, the location wording that differs between the card and the text, the payment plan with its arithmetic, and the checks that apply to an unfinished building with shops or offices on its lower floors. Where the page contradicts itself, both values are given once and neither is chosen. Law and tax statements are dated 26 October 2026 and name the instrument they come from.

Overview of Park Avenue Kyrenia

Carrington lists the scheme on its projects page as “Park Avenue Offices and Residential”, with a card that reads “City Center, Kyrenia”, a starting price of £264,950, a delivery year of 2027 and 24 units. The detail page, read on 26 October 2026, carries page metadata that shows a last modification on 14 April 2026. Its text describes a residential and commercial development “currently under construction” in the Karakum–Bellapais Junction area of Kyrenia.

Two blocks of five floors with elevator access make up the scheme. The first three floors hold 36 commercial and office units; the fourth and fifth floors hold 24 apartments of two and three bedrooms. The card’s figure of 24 counts the apartments only. The page never prints a total, and adding the two figures gives 60 units (calculated from the developer’s figures), a number the developer does not state.

The feature list on the page names the 850 m distance to the sea, the mixed use, a rental-demand statement and the nearness of universities and hospitals. It names no swimming pool, sauna, gym or air conditioning. The page prints no building-permit number, no unit price list and no title-deed category. Its statements about rental demand and “early-stage” pricing come without data, so this guide treats them as marketing and does not use them as findings.

Unit types and sizes: what the three plans print

The header card names two types, “2 Bedroom” and “3 Bedroom”, and the text repeats them without sizes. Sizes come only from the three floor-plan images on the page, which show the layouts for floors four and five. Each plan prints a total area, and the room areas add up to that total in all three cases (arithmetic in the table).

The German title of the page counts rooms (“3 und 4 Zimmer”) and the Turkish title counts bedrooms (“2 ve 3 Yatak”); both read as wording for the same two-type mix.

Apartment plan	Total area	Rooms printed (m²)	Arithmetic	Source
3-bedroom	100 m²	Master bedroom 20; bedrooms 11 and 11; bathrooms 5 and 5; living and kitchen 29; hallway 9; terrace 10	20 + 11 + 11 + 5 + 5 + 29 + 9 + 10 = 100	Plan image, floors 4–5
2-bedroom, first layout	85 m²	Master bedroom 16; bedroom 12; bathrooms 5 and 5; living and kitchen 29; hallway 8; terrace 10	16 + 12 + 5 + 5 + 29 + 8 + 10 = 85	Plan image, floors 4–5
2-bedroom, second layout	80 m²	Bedrooms 12 and 12; bathrooms 5 and 5; living and kitchen 29; hallway 7; terrace 10	12 + 12 + 5 + 5 + 29 + 7 + 10 = 80	Plan image, floors 4–5

All three totals include a terrace of 10 m². The next table removes it and compares the layouts. The 5 m² between the two two-bedroom plans is a master bedroom that is 4 m² larger and a hallway that is 1 m² longer (calculated from the plans).

The living-and-kitchen room is 29 m² in every layout, so the 3-bedroom plan gains its extra 15 to 20 m² in bedrooms, not in the main living space. That is a calculation from three drawings, not a statement by the developer.

The page does not say which block or floor each plan belongs to, how many apartments of each type exist, or whether the printed areas are gross or net. The word “total” is the only qualifier. The VAT regulation quoted in section 5 uses the term closed area (kapalı alan), so a contract should state the closed area and the terrace area of the chosen unit separately.

For the 36 commercial and office units the page publishes nothing beyond the count: no sizes, no plan, no split between shops and offices and no permitted use. Section 5 explains why that gap matters for a foreign buyer.

What to request in writing before any payment:

• A schedule of the 24 apartments with block, floor, number, type, plan and area, and the number of apartments built to each of the three plans.
• Confirmation of whether each printed area is gross or net, and whether it includes the 10 m² terrace and a share of the common areas.
• The closed area and terrace area of the chosen unit as they will appear in the condominium title.
• The unit to which the starting price of £264,950 belongs, and a price list for the other units.
• A schedule of the 36 commercial and office units: floors, areas, permitted use and which of them are for sale.
• The parking, storage and roof arrangements, which the page does not describe (its hero rendering shows a car park, but the text gives no count).
• A finish and equipment list, because the page text describes no flooring, kitchen, air conditioning or lift make.

Location of Park Avenue Kyrenia: the town, the building’s position and the distances printed

Kyrenia (Girne) is the main town of the district of the same name on the north coast of Northern Cyprus. The 2011 census recorded 69,163 residents in Girne district, 24.2% of the TRNC total of 286,257 (the share is derived in the research pack from the Statistical Institute’s tables). The Statistical Yearbook 2024 records 79 accommodation establishments with 15,208 beds in the district, 54.5% of the TRNC’s 27,910 beds, including 15 five-star hotels with 9,176 beds.

The same yearbook gives the Girne weather station (7 m above sea level) a mean of 22.0 °C across its twelve monthly means for 2024 and 510.2 mm of rain, with none in June or October. The monthly means run from 15.0 °C in January to 30.7 °C in July. One year is not a climate normal.

For health care, the Ministry of Health’s list of state hospitals, read on 26 October 2026, names six hospitals, one of them Girne Dr. Akçiçek State Hospital. The yearbook records one state in-patient institution in the district with 72 beds and five private ones with 112 beds in 2024. The state broadcaster reported on 28 January 2026 that a New Girne Hospital had finished construction, with equipment installation and staffing continuing and about 148 beds planned. No opening date was found, and the Ministry’s list does not include it.

For travel, Ercan Airport lies in Lefkoşa district and handles flights to and from Türkiye only; Wikipedia gives 4,842,134 passengers for 2024 (a secondary source). The operator Akgünler lists passenger sailings on the Taşucu–Girne, Mersin–Girne and Anamur–Girne routes. Buyers who also plan to use Larnaca Airport in the Republic of Cyprus have to cross the Green Line by road, with formalities that no route estimate includes.

Where the page puts the building

The card says “City Center, Kyrenia”. The text says the project is in the Karakum–Bellapais Junction area, in “Girne Karakum, at the Bellapais Junction”. The two descriptions can both be true of a junction at the edge of the centre, but they are different labels, and the page gives no street name, parcel number or neighbourhood.

The map pin on the page is 35.3339 N, 33.3306 E. A reverse lookup on OpenStreetMap’s Nominatim service on 26 October 2026 returns a restaurant on Şehit Emin Alpkaya Sokak, in the Yukarı Girne Eski Türk Mahallesi neighbourhood of Girne municipality (lookup; secondary, crowd-sourced data). Neighbourhood names differ between municipal wards, map data and common usage, so the Land Registry parcel number matters more than any label.

From that pin the developer’s own Elite Residence pin is 1.0 km away and the Carrington 44 pin 1.0 km (calculated), so the three Kyrenia-centre buildings sit in the same part of town.

Their pages state different distances to Ercan: 38 km on this page, 47.5 km on Carrington’s Elite Residence page and 46 km on its Carrington 22 page. None says whether the figure is a straight line or a road distance.

From the Park Avenue pin Ercan is 25.6 km in a straight line and 48.3 km by road (calculated; see the table), so 38 km matches neither.

The research pack found no TRNC coastal setback rule, so the page’s 850 m figure to the sea is a distance claim and says nothing about what may be built where.

Nearby places and distances for Park Avenue Kyrenia

Place	Developer’s figure (as printed)	Calculated from the page’s map pin	Label and source
Sea and beach	850 m	Not calculated	Developer figure; not measured here
Bus stop	25 m	Not calculated	Developer figure; stop not named
Supermarket	250 m	Not calculated	Developer figure; shop not named
Girne Harbour	1 km	Kyrenia Castle beside the harbour: 1.2 km straight line; 1.7 km by road, about 3 min	Developer figure; OSRM road estimate
Dr. Suat Günsel Hospital	1 km	Not located here	Developer figure; hospital named by the developer
Akçiçek Hospital (state)	1 km	0.6 km straight line; 0.7 km by road, about 1 min	Developer figure; OSRM road estimate
Girne University; ARUCAD; Cyprus Science University; Girne Final University	1 km; 1.5 km; 1.7 km; 2.5 km	Not located here	Developer figures; campuses not independently checked
Bellapais Abbey	Not listed	3.7 km straight line; 5.0 km by road, about 8 min	OpenStreetMap relation; OSRM road estimate
Nicosia (city node)	Not listed	18.0 km straight line; 30.2 km by road, about 36 min	Calculated; OSRM road estimate
Ercan Airport	38 km	25.6 km straight line; 48.3 km by road, about 53 min	Developer figure unlabelled; OSRM road estimate
Larnaca Airport (Republic of Cyprus)	Not listed	57.8 km straight line; 79.7 km by road, about 80 min	OSRM road estimate; crosses the Green Line, formalities and queues excluded
Esentepe village	Not listed	22.9 km straight line; 26.6 km by road, about 30 min	Calculated; OSRM road estimate; relevant to Carrington’s Esentepe projects

All straight-line figures are haversine distances from the pin to the reference points in the OpenStreetMap lookup for Kyrenia Castle, Ercan Airport, Akçiçek Hospital, Bellapais Abbey and Nicosia. Road figures are public OSRM estimates for a car without traffic. The developer’s numbers could not be checked against any reference points because the page names none.

Buyers comparing Kyrenia with the coastal towns where Carrington also builds can read the town-by-town guide and the Esentepe and Tatlisu pages. This building is a city-edge apartment block, which is a different product from the villa and low-rise seafront schemes in those towns.

Park Avenue Kyrenia as a mixed-use building: two delivery years, 36 commercial units and a three-year plan

The angle that separates this building from the other Carrington pages is its mixture: 24 homes stacked above 36 commercial and office units, sold off plan, with a delivery year that appears as 2026 in the text and 2027 on the card. Three questions follow from that: what stage the building has reached, how the payment plan runs against the build, and who manages a building in which residents and businesses share the structure.

Reading the two delivery years

The header card and the projects list say 2027. The overview, the summary, the “Why Invest” section and the FAQ say completion is scheduled for 2026, and the FAQ answers “Is Park Avenue completed?” with “No”. The page metadata shows its last change on 14 April 2026, so the 2026 wording is no newer than that date, more than six months before 26 October 2026. The images on the page are renderings and floor plans; none is labelled as a site photograph, so the page itself shows no construction progress.

A buyer therefore holds two dates and no evidence of the stage. The useful written answers are the current stage of the works, a delivery date per block (two blocks may finish at different times), and the remedy if the date is missed. The table puts the dates that matter on one line, using the developer’s plan and the legal dates from the research packs.

The last row is the one to examine. A three-year plan that starts in late 2026 runs past both delivery years. The page says the plan gives “financial flexibility throughout the construction period”, but it does not say how the title transfer is sequenced against the final instalments. Under the foreign-purchase rules the transfer clock depends on whether a mortgage is registered in the seller’s favour, so the contract should state which structure applies (section 5).

The payment arithmetic

The page publishes percentages but no unit prices. The table applies them to the only price it prints, the starting price of £264,950, as an illustration. It is not a price for any particular unit.

A deposit stated as “5,000 GBP, EUR, USD or cryptocurrency” is a nominal number in several units whose values differ, so the contract has to name the unit. A price and instalments fixed in a foreign currency avoid lira exposure on the price, which matters because the lira (the TRNC’s legal tender) lost value quickly: the TRNC consumer price index rose 35.02% in the 12 months to September 2026, according to the Statistical Institute.

A building shared by homes and businesses

In a mixed building the apartments sit on top of commercial floors and share the structure, the lifts and usually the entrance halls and services. The page says nothing about separate entrances, parking, fire separation, service charges or who runs the building. Questions that follow are practical: whether residents and customers use the same lifts, how deliveries and opening hours are controlled, and how costs are split between the residential and commercial owners.

Without answers a buyer cannot compare the running cost of a Park Avenue apartment with the cost in a residential-only block.

The commercial units also raise a legal question that the sources reviewed for this guide do not settle.

The foreign-purchase law and the decree, as summarised in the sources used for this guide, set quantity limits in terms of apartments, houses, villas and land. Those summaries do not say how an office or shop counts towards the limits, so that is a question for the Interior Ministry’s property unit in writing. The Holiday Houses Law covers short lets of units built as housing, so it would not describe an office lease; the guide to renting out property sets out the rules for apartments.

What the demand statements rest on

The page says the nearby universities and hospitals support “strong long-term rental demand” from students and medical staff. It publishes no occupancy, rent or tenant data to support that, and the building has no completed units to let. The official figures available are national.

The Statistical Yearbook 2024 shows total higher-education enrolment in the TRNC at 114,000 in 2021–22 and 104,873 in 2024–25, a fall of 8.0% (the percentage is derived in the Famagusta research pack). A headline on the home page of the higher-education board YÖDAK reports that 11,587 candidates were placed in TRNC universities through Türkiye’s exam last year and 11,555 this year, with quotas up 5.85% and the total placed unchanged. Neither figure is specific to Kyrenia.

For scale, the Statistical Institute’s Construction and Parcel Statistics 2025 counts 344 urban dwelling units with final approval in Girne district in 2025 (and 1,460 rural ones, 1,804 together). The 24 apartments equal 7.0% of the urban figure (24 ÷ 344, calculated). The comparison shows scale only: the statistics count completed buildings with a final approval certificate, and the 36 commercial units are not dwellings.

A checklist for the period before the first deposit:

1. Ask for the building permit and the approved project, and confirm with the issuing municipality that they match the two five-floor blocks.
2. Ask for the registered condominium easement (kat irtifakı) that lists the 24 apartments and the 36 commercial units as separate units; Law 52/2008 requires it before a purchase-permit application.
3. Order a Land Registry research document on the parcel to see the owner, mortgages and restrictions, including any mortgage the developer took to finance the works.
4. Obtain a written delivery date for each block, state which of the 2026 and 2027 dates applies, and agree the remedy for delay.
5. Check that the contract copies the payment plan exactly: the dates of the 35% and the 65%, the currency, whether the 5,000 is credited, and the consequences of a late instalment.
6. Ask which price components are included: VAT, stamp duty, transfer fees, connection fees and furniture.
7. Obtain the management and service-charge arrangement for the shared building, with the split between residential and commercial owners.
8. Obtain the “5-year structural warranty” the developer mentions as a document, with its scope, start date and issuer.
9. Have an independent lawyer review everything; the UK guidance warns against one lawyer acting for both vendor and builder.

Buying in Northern Cyprus in brief: the order of events for an unfinished building

A purchase of an unfinished building in the TRNC mixes developer terms with state procedure. The developer’s part is the reservation and instalments; the state’s part is the permit, the stamped contract and the Land Registry. Each step below carries the clock that applies as of 26 October 2026. The detailed steps are in the step-by-step guide, and off-plan contracts are covered in the off-plan guide.

The numerical limits come from Decree-Law 89/2026, a Council of Ministers decree published on 7 August 2026 that re-issued Decree-Law 63/2026. The decree lapses about 5 November 2026, 90 days after publication, unless Parliament passes it. The consolidated Law 52/2008 PDF on the legislation portal still prints the earlier, stricter wording.

Under the decree a foreign buyer may acquire up to 3 apartments (6 for nationals of states that recognise the TRNC); the consolidated text shows 1 apartment (3 for those nationals). The guide to foreign ownership explains both versions.

Three further rules matter here. For housing projects in zoned areas the decree allows foreigners at most 80% of sales, and first-degree relatives or buyers of one nationality may not together take more than half of the apartments on one parcel. If those rules count only the 24 apartments, 80% is 19.2, so at most 19 whole units (24 × 0.8, calculated), and half is 12. If the commercial units count as units on the parcel, the denominators change. The Land Registry can say which reading it applies.

Condominium easement or title must exist for the unit before a permit application, and a sale made without it is an offence under the law. For two years the decree accepts a building permit or Planning Approval instead, where condominium title could not be established.

Until taxes and fees are paid, local authorities may not give permanent or temporary water connections and the electricity authority may not give electricity connections, apart from construction-site supplies. The Land Registry fee schedule is the shorter-dated of the two rule sets, and a transfer after 5 January 2027 falls outside the schedule quoted here. The taxes and fees guide works through the costs.

Two taxes deserve a note. The 7 October 2026 VAT regulation places housing with a closed area up to 300 m² in the 5% schedule, and every plan on this page is under 300 m². Whether VAT applies to a given developer sale, and how an office unit is treated, should be written into the contract. The Income Tax Law taxes a later resale gain through a withholding at transfer, and it taxes rent at 10% withheld on gross rent.

The page states no title-deed category. A buyer can settle that by the Land Registry research document and the lawyer’s report before the first payment, not after delivery. A purchase under a stamped contract does not give residence by itself: a property-based residence permit needs a home suitable for residence and used for it, with at least one third of the price paid and the permit application lodged.

Risks, title and due diligence

The main risks in a Kyrenia off-plan purchase are title risk, build and permit risk, contract risk and currency risk. Each has a document that answers it, and the table below lists the document, where it comes from and why it matters.

Title risk comes first. The Northern Cyprus register distinguishes ordinary titles from Final Disposition Certificates and value-document points that arose from the exchange system, and the UK government’s guidance says many properties in the north are disputed, with thousands of claims from people displaced in 1974. A frequently cited Kyrenia-area precedent is Loizidou v. Turkey (18 December 1996), in which the applicant had grown up in Kyrenia and claimed plots there. It shows the principle only and says nothing about the Park Avenue parcel.

The Immovable Property Commission accepts applications until 21 December 2027 under Law 67/2005 and reported 8,820 applications lodged and 3,787 concluded on 23 October 2026 on its English page. Its bulletin names no villages, districts or parcels, so published data cannot say how many claims concern Kyrenia. The parcel’s history has to be established parcel by parcel.

Build risk is next. The UK guidance names four recurring problems in Cyprus: works without the right permits, payment plans missing from contracts, difficulty obtaining completion certificates and title deeds, and mortgages that developers register over the land. An unfinished building has all four ahead of it. The title-deed guide and the safety guide cover the checks, and the comparison with the south sets out the legal exposure that comes from the Republic of Cyprus side.

Currency risk is the fourth. The tax and fee rules above are in lira, while the developer’s plan is quoted in sterling. Stamp duty on a foreign-currency contract is converted at the official effective selling rate on the stamping date. Choosing the contract currency and fixing the instalments in it is a decision for the lawyer’s review, not a detail.

Two limits on outside help are worth keeping in view. The UK government says the High Commission cannot give legal advice or get involved in private disputes and can offer only limited consular support in the north, and the European Commission records that EU law is suspended there.

The Republic of Cyprus’s courts can still matter: in Apostolides v. Orams (28 April 2009) the EU Court of Justice held, in its press release 39/09, that a Republic court’s judgment on land in the north must be recognised and enforced in other member states.

How Park Avenue Kyrenia compares with the other Carrington projects on this site

The table lists all 24 Carrington projects covered by the developer’s pages and by the Northern Cyprus listings on this site, with the status, units, starting price and delivery year each developer page publishes as of 26 October 2026. The statuses are the developer’s list badges unless the cell says otherwise, and “not published” means the page prints no figure.

Seven of the 24 pages are filed under central Kyrenia: Park Avenue, Elite Residence, Carrington 11, 22, 44 and 55, and Gold Tower. Park Avenue is the only one of the seven that the developer shows as under construction, and the only one of the seven with commercial floors.

Of the seven, four print a starting price: Elite Residence at £189,950, Carrington 55 at £249,950, Park Avenue at £264,950 and Carrington 22 at £290,950. Each price covers a different unit mix and none states its unit type, so the order is not a comparison of value.

Malibu Zone 5 in Tatlisu is the other page that mentions commercial units, as “apartments and commercial shops” in a block of 48. The four projects listed as Off Plan publish delivery years from 2028 to 2031. Among the under-construction schemes, Sea Magic Garden (2026) and Malibu Zone 5 (2027 on the card) carry dates close to those on this page, and Sea Magic Deluxe prints none.

Carrington

This section keeps to what the developer states on its About Us page, read on 26 October 2026. The page says Carrington Group has developed, built and managed beachfront villas and apartments in North Cyprus “for over 35 years”, and it describes the group as family-run. The project page for Park Avenue and the title of the About page say “over 30 years”, so the developer’s own pages give two numbers for the same history.

The About page names Kyrenia and Esentepe as examples of its locations and says it specialises in coastal developments with a horizontal architectural concept and low-density planning. Park Avenue, by contrast, is described on its own page as two five-floor blocks in an urban area, an observation rather than a criticism. The page also attaches an award claim to the group without naming an award, and this guide does not rely on it.

It lists internationally certified building materials and a 5-year structural warranty, without describing the warranty’s scope or issuer. It also lists six services that the group says it delivers itself: grounds upkeep, lettings and property management, airport transfers, car hire, after-sales technical support, and handling of the legal and title-deed process. The last item matters to a buyer: the UK guidance on property in Cyprus warns about one lawyer acting for both vendor and builder, so an independent lawyer remains the safer arrangement whatever the group offers.

The same page makes claims about rental return and capital growth that carry no data, and they are not used here. The developer’s other pages, listed in the comparison above, vary in how much they publish. The Park Avenue page prints plan areas that add up and a stated payment plan, which several of the others do not.

Frequently asked questions

What is Park Avenue Kyrenia?

It is a mixed-use development by Carrington in the Kyrenia district of Northern Cyprus. The developer’s page describes two five-floor blocks with elevators: 36 commercial and office units on the first three floors and 24 apartments of two and three bedrooms on the fourth and fifth. The page lists a starting price of £264,950 and describes the building as under construction. It prints no title-deed category and no building-permit number, so those items have to come from the seller in writing.

Is Park Avenue Kyrenia finished, and when is delivery?

The developer’s FAQ says the building is not completed. Its card and projects list give 2027 as the delivery year, while the overview, summary, “Why Invest” section and FAQ say completion is scheduled for 2026. The page metadata shows its last change on 14 April 2026. This guide does not choose between the two years. A buyer can ask for the current stage of works and a delivery date for each of the two blocks, with the remedy for delay written into the contract.

How many apartments and offices does Park Avenue Kyrenia have?

The card, the text and the summary give 24 residential apartments, on the fourth and fifth floors of two blocks. The text adds 36 commercial and office units on the first three floors. The page never prints a total; 60 is the sum of the two figures, calculated here. The page publishes no split of the 36 units between shops and offices and no sizes for them, and no count of apartments by type, so those details should be requested in writing.

What are the apartment sizes at Park Avenue Kyrenia?

The text prints no sizes. Three floor plans for floors four and five print total areas of 100 m² for a 3-bedroom layout and 85 m² and 80 m² for two 2-bedroom layouts, each including a 10 m² terrace. The room areas add up to each total. Without the terrace the areas are 90, 75 and 70 m² (calculated). The page does not say which block or floor each plan serves or how many apartments follow each plan.

What does Park Avenue cost and how does the payment plan work?

The page prints a starting price of £264,950 without naming the unit type, and no price list. The plan is a 5,000 deposit in GBP, EUR, USD or cryptocurrency, 35% within four weeks of reservation and the remaining 65% over three years without interest. On the starting price, the 35% is £92,732.50 and the 65% is £172,217.50 (calculated). The page does not say whether the deposit is credited against the 35%, so the contract should state it.

Where exactly is the building?

The card says “City Center, Kyrenia”, and the text places it in the Karakum–Bellapais Junction area of Kyrenia, at an address the page does not give. The map pin is 35.3339 N, 33.3306 E, which OpenStreetMap data places in the Yukarı Girne Eski Türk Mahallesi neighbourhood of Girne municipality. The Land Registry parcel number is the reliable identifier. The developer states 850 m to the sea, which this guide did not measure.

Can a foreigner buy at Park Avenue Kyrenia?

A foreign buyer has to obtain a purchase permit from the Council of Ministers. Under Decree-Law 89/2026, valid for 90 days from 7 August 2026 unless Parliament enacts it, a buyer may acquire up to 3 apartments, or 6 for nationals of states that recognise the TRNC; the consolidated Law 52/2008 text still shows 1 apartment. The sale contract must be registered within one month. How an office unit counts towards the limits is not established in the sources read, so ask the Interior Ministry’s property unit in writing.

Does the page state the title-deed category?

No. Carrington’s page states no title-deed category for the land or the units. The UK government’s guidance says ownership of many properties in the north is disputed, and the Land Registry shows the registered owner, mortgages and restrictions. A buyer’s lawyer can obtain a research document (araştırma belgesi) from the district office where the parcel is registered. That check, the condominium easement and the building permit should come before the first payment.

Does buying an apartment give residence in Northern Cyprus?

Not automatically. The residence and citizenship guide covers the routes. Under the Residence and Visa Regulation of 5 October 2026, a property-based permit needs a home suitable for residence and used for it: 10 years with title in the buyer’s name and property worth GBP 300,000 or more, otherwise 5.

With only a stamped contract, one third of the price must be paid and the permit application lodged. An office would not fit the home requirement. The starting price, £264,950, is below GBP 300,000, but its unit type is not stated.

Which taxes and fees apply to a purchase at this building?

The sale agreement is stamped at 0.5% of its sum, paid by the buyer unless agreed otherwise. Land Registry fees on a sale to a foreigner are 4%, 5.5% or 6% by property count under the schedule in Official Gazette 197 of 7 October 2026, which is valid to 5 January 2027 inclusive. VAT of 5% covers housing up to 300 m² closed area under the 7 October 2026 regulation; the contract should say whether it applies to this sale. Legal fees have no official tariff.

Sources and last check

Last checked: 26 October 2026. Sources:

• Carrington: Park Avenue Offices and Residential, detail page read on 26 October 2026
• Carrington: projects list, read on 26 October 2026
• Carrington: About Us, read on 26 October 2026
• Official Gazette 147 of 7 August 2026: Decree-Law 89/2026
• Official Gazette 87 of 11 May 2026: Decree-Law 63/2026
• Official Gazette 197 of 7 October 2026: Land Registry fee regulation
• TRNC Law 52/2008, consolidated with 39/2024
• TRNC Residence Permits and Visas Regulation, text of 5 October 2026
• Interior Ministry property unit: documents for a purchase permit
• Land Registry notice of 15 July 2025
• TRNC Stamp Duty Law, consolidated
• TRNC VAT rates regulation, updated 7 October 2026
• TRNC Income Tax Law, consolidated 25 May 2026
• TRNC Statistical Institute: Statistical Yearbook 2024
• TRNC Statistical Institute: Construction and Parcel Statistics 2025
• TRNC Statistical Institute: consumer price index, September 2026
• TRNC Ministry of Health: state hospitals, read on 26 October 2026
• BRTK: Girne New Hospital nears opening, 28 January 2026 (secondary)
• YÖDAK, TRNC higher-education board: home page news, read on 26 October 2026
• Immovable Property Commission: English home page and statistics
• European Court of Human Rights: Loizidou v. Turkey, judgment of 18 December 1996
• UK government: buying property in Cyprus
• Yenidüzen: KTMMOB on project approval and supervision, 14 February 2023 (secondary)
• Wikipedia: Ercan International Airport (secondary)
• Akgünler: ferry operator, Girne routes (operator site)
• OpenStreetMap Nominatim: reverse lookup at the developer’s map pin (secondary)
• OpenStreetMap Nominatim: reference points for the distance table (secondary)
• OSRM routing estimate: map pin to Ercan Airport
• Carrington: Elite Residence detail page, read on 26 October 2026
• Carrington: Carrington 22 detail page, read on 26 October 2026
• European Commission: Green Line Regulation (EU law suspended in the north)
• Court of Justice of the EU: press release 39/09, Apostolides v. Orams, 28 April 2009
• OpenStreetMap: Bellapais Abbey (secondary)
• OSRM routing estimate: map pin to Kyrenia Castle
• OSRM routing estimate: map pin to Akçiçek Hospital
• OSRM routing estimate: map pin to Bellapais Abbey
• OSRM routing estimate: map pin to Nicosia
• OSRM routing estimate: map pin to Esentepe
• OSRM routing estimate: map pin to Larnaca Airport

This is not legal, tax or financial advice.