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The property under consideration is a ground-floor house in a 50% share of a plot title deed (262.5 m2)in Deryneia, Famagusta District It consists of a living room, dining area, kitchen, main bathroom, 2 bedrooms, and covered verandas. On the west side of the house, there is a second door with stairs leading to the roof that can also be used as a provision for a house on the 1st floor. The asset is located approximately 900m from the Deryneia community center, approximately 5km from the beach, and approximately 9km from the A1 motorway. The property falls within Zone Κα4, with a building coefficient of 120%, coverage of 50%, and permission for 3 floors (13.5m) of construction. The bungalow is in need of renovation.
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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