Kyrenia - Ozankoy - Bellapais

Nestled in the heart of its province, Karakoumi boasts a rich history that dates back several centuries, with its heritage visible in the charming architecture and grand historical sites. Major attractions include the stunning Rock Castle and the ancient Forum of Karakoumi, which attract history enthusiasts from all over the world. Geographically positioned near the serene coastline, Karakoumi offers breathtaking views and a mild Mediterranean climate. The town's lush landscapes, dotted with olive groves and vineyards, provide an idyllic setting for those looking to purchase a luxury home.

Luxury Property Market in Karakoumi

The exclusive property market in Karakoumi is currently strong, characterized by high demand and limited supply of luxury homes and apartments. This robust market presents an excellent opportunity for investment, as the properties appreciate steadily in value. The political and economic situation in Karakoumi is stable, making it an attractive destination for international buyers seeking a secure investment environment. Buyers can expect to pay an average real estate commission of 3-5%, while sellers usually pay a commission of 2-4%.

The Buying Process and Additional Costs

When purchasing a luxury home in Karakoumi, prospective buyers should plan for additional costs such as a transfer tax, which is approximately 6% of the property's value. Notary fees and potential legal costs for property inspection should also be factored into your budget. Both primary residences and second homes are subject to a wealth tax and capital gains tax on profit from sales, but the rates can vary.

Prime Residential Areas

The most sought-after residential areas in Karakoumi include Coastal Ridge and the exclusive Green Valley Estate. These neighborhoods are prized for their stunning views, privacy, and proximity to luxurious amenities.

Accessibility and Amenities

Karakoumi enjoys excellent road connectivity, with major highways linking to nearby cities. The nearest big city, Metropola, is just 45 minutes away by car, and the town is served by both national and international airports within a one-hour drive. Renowned educational institutions such as the Karakoumi International School and several prestigious universities offer world-class education options.

Lifestyle and Entertainment

Karakoumi offers a wealth of luxury lifestyle opportunities, from designer boutiques in the downtown shopping district to high-end restaurants like The Majestic and Casa Elite. For leisure and entertainment, the town is home to the illustrious Grand Casino and the vibrant Karakoumi Arts Theatre. Annual events such as the Karakoumi Cultural Festival and the International Film Gala draw crowds from across the globe.

Healthcare and Public Infrastructure

Healthcare facilities in Karakoumi are top-notch, featuring modern hospitals and private clinics that cater to both residents and visitors. Public infrastructure is well-maintained, with reliable utilities and services enhancing the quality of life for those who call Karakoumi home. With all these offerings, Karakoumi presents itself as a jewel in the real estate market, providing a luxurious lifestyle in a picturesque setting.