Property

Here are the top business stories in Cyprus from the week starting July 31: Hellenic Bank on Tuesday announced that chief executive officer Oliver Gatzke will be stepping down from his ...

The Cyprus Real Estate Agents Registration Council on Wednesday noted that the local property market has performed better during 2023, although it looks forward to drawing more meaningful conclusions after the ...

The housing market in Cyprus experienced a notable upswing during the first quarter of 2023, as property prices continued to soar, particularly in the apartment segment, primarily driven by increased demand. ...

The right of ownership takes precedence over possession, unless it was acquired as a privilege or right and registered with the land registry The right to own immovable property, and ...

There has been an increased interest in the mountain areas, especially those in the Troodos region, and the market is thriving. The relatively recent purchase of Petit Palais Hotel, the ...

Cyprus’ rental prices across all property types experienced a rise during the second quarter of the year, according to a report released on Thursday by Ask Wire, a Cypriot tech-informed ...

A beautifully-listed residential property with a pool in Neo Chorio Paphos, a two-storey five-bedroom house in Timi, or a luxurious four-bedroom residence in Mitsero? Whatever you are interested in for ...

Real estate agent council determined to safeguard profession from illicit practices In what was described as an “unbelievable incident” exposing the audacity of illegal property brokers, a woman, posing as ...

Late deposition may be permitted by a court order If a buyer fails to deposit a sale contract they have entered into for the purchase of a property without a ...

The environment is not being taken seriously by individuals or by the competent authorities when it comes to building developments. Of course, there has been considerable progress in the last ...

The fifty most valuable real estate transactions in the Cypriot property market during the month of June brought in a combined €79 million, according to a report released on Tuesday by ...

Payouts for rent subsidies as part of the ‘Ktizo’ scheme for refugee housing have already begun, with more set to follow, the government said on Monday. Speaking to the Cyprus ...

Failure to file renders the action abandoned and subject to dismissal Under Order 30 of the Civil Procedure Rules, there is a ninety-day period from the date on which pleadings are ...

Sales staff in real estate do not seem to want to educate themselves and become professionals of the level that is desirable. There are something like 400 registered estate agents around, ...

The Paphos real estate market experienced a slight decline of 17 per cent in the value of property transactions during the second quarter of 2023, according to George Mais, the president of ...

Leptos Estates earned a new distinction for the best project with more than 20 residences at this year’s European Property Awards 2023, thanks to its successful Venus Gardens development. The awards ...

The value of properties sold in Cyprus during the second quarter of 2023 reached €1.52 billion, with the market showing signs of being impacted by the increase in interest rates, soaring inflation, ...

Finance Minister Makis Keravnos said the government is ready to discuss with the other ruling parties the strengthening of support for vulnerable groups facing foreclosures. “Within the context of the ...

The cabinet approved on Wednesday a mortgage to rent (MtR) scheme, following approval from the European Commission last week, government spokesman Konstantinos Letymbiotis said. The commission on July 6 approved a ...

A marathon session in parliament on Monday failed to avoid a showdown at the House plenum for later this week, where MPs will be voting on a contentious bill tabled ...

An arbitral award procured in violation of the principles of natural justice is subject to annulment Arbitrators are subject to review by the court, and where an arbitrator has committed ...

The Housing Price Index (HPI) in Cyprus experienced a substantial increase of 5.9 per cent during the first quarter of 2023 compared to the same period in 2022, according to a recent preliminary ...

Foreclosures have been suspended until the end of October, while a special judicial procedure will be created to deal with non-performing loans (NPLs), cabinet decided on Wednesday. Primary properties valued ...

State-owned Cyprus asset management company Kedipes on Tuesday announced revisions in pricing for existing restructured loans. According to a written statement, this decision arose after cumulative increases in the interest ...