Stylish, Elegant & Modern Residence with Internal Courtyard in the Heart of Old Nicosia

This beautifully designed property is located in one of the most charming and sought-after areas of Old Nicosia, combining modern living with traditional character. Featuring an internal courtyard and elegant architectural elements, it offers a unique lifestyle opportunity in the historic city center.

The total enclosed area of the residence is approximately 236m².

Key Benefits:

Transferable Building Coefficient: Potential to transfer or sell the unused building density, as well as reclaim lost density.

Rental Income Tax Exemption: Income derived from leasing the property, provided it is preserved or renovated, is exempt from income tax.

Government Subsidy: Eligible for a government grant of up to €100,000 for restoration or renovation works.

Tax-Deductible Maintenance Costs: All verified maintenance expenses (after grant deductions) can be fully deducted from the owner’s taxable income, distributed over the applicable years.

Full Property Tax Exemption: No property tax applies under the listed building framework.

This is a rare opportunity to acquire a distinguished property with significant financial and tax incentives, ideal for residential or investment purposes.

For more information or to arrange a private viewing, please contact us.