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Two-storey house in Drouseia community, in Paphos District. It is situated in the center of the community, at a distance of approximately 55 meters north from the community's church. The immediate area of the property consists of houses. Two-storey house in Drouseia community, in Paphos District. It is situated in the center of the community, at a distance of approximately 55 meters north from the community's church. The immediate area of the property consists of houses. The two-story house was built around 2004. It has an interior area of about 150 sq m. covered verandas of about 27 sq m. and uncovered verandas of approximately 20 sq m. Based on the title deed, the land area is 2,750 sq m. while on site it is approximately 270 sq m. It is noted that the house has a separate title deed as a ground floor house. The house is occupied. The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219). The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).
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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