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Pay in USD and save up to $12,099A listed house located in the most central area of the Old City of Nicosia, just a few minutes' walk from Ledras Street.
The house was built in 1935 and is a fine specimen of urban Neoclassical architecture, with its facade very well preserved. It consists of a living/sitting room, a kitchen with a dining area, a hallway, and an internal backyard on the ground floor. The first floor, accessed by a large staircase, consists of three bedrooms. The total covered area is 200 sqm, and it is situated within a plot of 121 sqm.
The house, as listed, benefits from government funding of 40%, up to 90,000 EUR of the total renovation/restoration cost, tax exemptions, and tax-free rental income, as well as the ability to transfer or sell building factor.
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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