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This property has a unique traditional design and is considered a ''listed'' building according to the Cyprus Ministry of Interior and is regulated by Article 38 of the Town & Planning Act (Law 90/1972).
The materials that have been used are ashlar stone and wood and the property was erected in 1935. The property consists of a large hall area with a mezzanine and three rooms.
It is located in the Kaimakli traditional core surrounded by other buildings with the same special characteristics. The building falls within the zone Πα8α with a building density of 140%, coverage density of 70%, floor allowance:2 and height allowance of 7m.
Provided certain circumstances are satisfied, any spending incurred to preserve listed buildings in Cyprus is a permissible tax exemption.
Please note that there are no limitations regarding the sale, transfer, donation or rent of a preserved building unless specified in the terms of sale.
Subsidy Application for a Preserved Building in Cyprus. The subsidy plan concerns the maintenance and restoration of the building. It is granted as a combined authorisation for the full maintenance solely for a one-time project with a specified starting and end date.
If the owner of a preserved or listed building in Cyprus wants subsidy rights for the maintenance of a preserved building, an application must be submitted to the 'Head of the Town Planning and Housing Department'.
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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