Property

Α statutory tenant can be ordered to be evicted even if he pays the rents due The relationship between a property owner and a tenant is regulated by a tenancy agreement ...

Real estate market sees €1.4 billion in property transfers, while sales documents hit €3.3 billion The Cyprus real estate market showcased remarkable resilience amid prevailing challenges, marking impressive achievements from January to ...

The Nicosia district saw residential sales totalling €118.8 million during the third quarter of 2023, according to a report released on Wednesday by Cypriot firm Ask Wire. Ask Wire, a firm that ...

Once or twice a year in Cyprus we experience heavy rain and storms, which cause damage to the infrastructure and to buildings. Numerous readers contact my office to ask who ...

The mortgage to rent (MtR) scheme for vulnerable lenders will come into effect on December 4, finance ministry permanent secretary George Panteli said on Friday, presenting the scheme at a press ...

Turkish Foreign Minister Hakan Fidan said on Wednesday he will “raise the issue” of Israelis buying property in the north with the Turkish Cypriot authorities. Fidan was quizzed by the ...

Α Larnaca resident, owner of a residential apartment, this week sent a letter to the House Standing Committee on Internal Affairs, advocating for changes to the legal framework regulating multi-owner buildings. ...

Part of the estate may be sold to facilitate distribution The administration of the estate of a deceased person is regulated by the relevant law, which provides who can be ...

Our island is in need of a lot more green. The Ministry of Agriculture is encouraging tree planting, as are charity organisations and others. A lot of this is done ...

The Cyprus Council for Registration of Real Estate Agents this week announced a staunch stance against any collaboration or support offered by licensed real estate agents to individuals operating unlawfully ...

Construction sector described as the engine of the Cypriot economy Cyprus Land and Building Developers Association (LBDA) president Michalis Hadjipanayiotou on Thursday lauded the local property sector’s robustness, reflected ...

Within the coming week, the demolition of the first condemned refugee apartment buildings within the Latsia municipality will begin as part of the initial phase of the plan to demolish ...

People often complain that in Cyprus sinking funds are not generally created for commonly owned properties, such as apartment buildings and comprehensive development projects. The common expenses of a building ...

A company should preferably not be dependent on two directors with 50 per cent of its shares each The shareholding or management structure of a company may create problems when a ...

Cypriot firm Ask Wire, a technology-informed real estate company, on Thursday released its quarterly report for the local property market. The report indicated a mixed outlook for the real estate ...

Cyprus has seen a 7.3 per cent reduction in the number of building permits issued during the first eight months of 2023 when compared to the same period the previous year, according ...

Council suggests a unified housing policy, state land utilisation, and various incentives to address the ongoing housing affordability issue. The Cyprus Economy and Competitiveness Council (Soak) on Wednesday submitted a ...

Banks are obliged to act on the terms agreed with clients when opening the account The opening of a joint bank account in the name of more than one person ...

Following my own experience when trying to correct the mistakes made to my house during construction, I am not at all happy regarding the quality of the supervision of some ...

Finding the ideal residence is daunting, and can get even more complicated when investing in a luxury property. After all, the concept of luxury does not refer only to the ...

Despite the accumulated challenges it faces, the real estate sector in Cyprus continued to display its resilience during the third quarter of 2023, the Real Estate Agents Registration Council said on ...

The decisive factor is the granting of exclusive possession for a fixed period at a stated consideration There are many cases where there is confusion as to whether the legal ...

In order to obtain a permanent residence visa one needs to purchase a housing unit with a minimum value of €300,000. However, I have been informed that, in some cases, real ...

Here are the top business stories in Cyprus from the week starting October 23: Cyprus witnessed a significant increase in its government debt-to-GDP ratio at the end of the second quarter ...