Listing Property in Strovolos Area!
We are thrilled to present an incredible opportunity to own a listed property in the heart of Strovolos areas.
Key Features
Historic Charm: This beautiful listed property boasts a unique blend of traditional architecture and modern amenities.
Prime Location: Nestled in a picturesque neighborhood, this property is perfectly situated.
Investment Potential: Cyprus is a sought-after destination for investors worldwide. With its favorable tax incentives and growing real estate market, owning this property presents an excellent opportunity for both personal enjoyment and long-term financial gain.
The property need full renovation. (Building Density 140%, coefficiency 70%)
Listed properties also offer benefits in three distinct ways:
- Financial Rewards: These are direct sponsorships provided by the government to the property owner, covering the entire maintenance expenses of the listed building. However, these incentives are only applicable when the owner commits to the complete upkeep of the property, and partial maintenance does not qualify for financial incentives.
- Transfer of Building Factor: This incentive encompasses two aspects. Firstly, it involves utilizing unused development rights within the protected plot by selling the remaining building factor to interested parties. Secondly, it allows the owner to secure additional financial support for maintenance costs by selling a designated building factor. The transfer of building factor operates within the free market, without any involvement or mediation by the government.
- Tax Benefits: These incentives consist of tax exemptions and tax-free rental income that can be availed by the owner of a listed building, provided that the property has been maintained in accordance with the Conservation Principles. The owner can benefit from reduced tax burdens and enjoy tax-free income from renting out the preserved building.
Contact Us Today!
Don't miss out on this chance to own a slice of paradise in the heart of Strovolos. Our experienced team is ready to guide you through every step of the process, ensuring a seamless and enjoyable buying experience.
