This cute Listed family house requiring full restoration provides approx 170sqm of internal living space in 3 separate buildings and ample garden within this 350sqm private plot.

The property is located in the quiet quarter of Chrysaliniotissa within the Old CIty Walls in Nicosia. Huge potential and financial benefits to create a unique listed family home.

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.