These two beautiful un-restored listed properties are located in the heart of Nicosia’s Old City close to the shops, bars, restaurants and cafes of Ledras Street and Eleftheria Square. Both of the adjoining properties are very different in design but both have original period features throughout and a small garden to the rear. Potential tax-free rental investments in a great quiet location.

Listed Properties also benefit in three different ways:
Financial Incentives which is the direct sponsorship given by the State to the owner for the complete maintenance of the listed building. No incentives are provided for partial building maintenance.
Transfer of Building Factor which is on the one hand the utilization of development rights that are not used in the protected plot by selling a remaining building factor and on the other hand securing additional sponsorship in the maintenance cost by selling a given building factor. This incentive operates in the free market without state mediation.
Tax Incentives which are the tax exemptions and tax-free rental income that can be taken by the owner of a listed building that has maintained it according to the Conservation Principles.