Mistra Heights Designated as a Special Designated Area (SDA)

By means of Legal Notice 226 of 2019, the Mistra Heights Project has been designated as an SDA for the purposes of the Immovable Property (Acquisition by Non Residents) Act. Thus, similar to other projects, the Mistra Heights Project shall also be added to the List of Scheduled Zones in the First Schedule to the Immovable Property (Acquisition by Non-Residents) Act. Thus no permissions in terms of the said Act, will be required by buyers of immovable property within this area. Furthermore, no restrictions exist on the number of properties which can be acquired by the same buyer within an SDA.