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This amazing land which is front line, has been recommended for tourist zone by the municipality of Pentakomo.This means that it would be ideal for hotel, or other investment developments in the very near future.The beach front land is government owned and falls into the protective zone, therefore no property can be built in front and the further advantage is that no percentage of the plot 30,340 sqm will be eliminated as protective zone. An application can be made today for the development.
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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