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Old apartment building in the centre of Nicosia. The property is rented with approximate yield of 6%
The owner has made architectural plans for complete renovation of the building to be used for tourist residences.
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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