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Incomplete residential development of five houses in Kapedes Village, Nicosia.
According to the building permit, the development refers to five houses, two semi-detached and three detached houses. Construction of the two semi-detached houses has not commenced.
The three detached houses are in incomplete state, each having a total of 181 sq.m. of enclosed areas including a covered veranda and a double garage for each unit.
Furthermore, the property falls within Zone H2, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (8.3m) of construction.
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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