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A 493 sqare meters of corner plot in the prestigious area of Faneromeni in Larnaca is for sale at €600000. This is an excellent residential opportunity and since property allows for the construction of at least 3 floors, is also an investment opportunity. There is an old house in the plot and this offers a potential buyer the chance to either keep it and renovate it or built something else with the density available.
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
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