Appointment of a provisional liquidator
They protect the assets of a company under liquidation and maintain its status
If the creditor of a company serves to its registered office a claim for payment of over €5.000 ...
The mountain areas need a boost
You must have realised dear readers that we have a soft spot for the mountain areas.
This government has tried to promote them and with the new Ministry of Tourism, ...
Limassol property sales hit €6.3bn in last 5 years
Property sales across three major Limassol municipalities exceeded €6.3 billion in value over the past five years, a report from independent real estate asset management and advisory firm WiRE has shown.
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Landlord refusing to collect rent
Their refusal gives a tenant the right to be heard even though the rent has not been paid
The behaviour of a landlord and a tenant is examined by the ...
Are we lucky to live in Cyprus?
We often wonder whether we appreciate how lucky we are to have been born and live in Cyprus. When looking at what is happening all over the world including in ...
Notice of reference by an acquiring authority
An acquiring authority may apply to the court to determine amount of compensation
An acquiring authority, which may be the Republic, a municipal authority or a legal entity of public ...
We need to get our act together
We put in a lot of time and effort as well as money in order to promote Cyprus to foreign investors. There are various pros that are attractive to investors, ...
WIRE FS: At the forefront of real estate digitilisation
The goal is to develop technological tools leveraging Artificial Intelligence that will bring greater transparency and simplify processes in the real estate sector. HD 360’s investment in Cypriot PropTech company ...
Trapped buyers get extension to protection
By unanimous vote, parliament on Thursday passed a law extending to the end of 2022 the protection afforded to ‘trapped’ property buyers.
It means the protection now applies to buyers who ...
Altamira ‘Red Friday’ property drive offering best bargain buys
For the second year in a row, Altamira Real Estate is running its “Red Friday” drive, offering would-be buyers unique opportunities in 300 residential plots and fields island-wide, at the best ...
Referral of disputes to arbitration
An arbitration clause in an agreement is binding on the parties unless annulled by court
Parties frequently choose arbitration to resolve disputes that may arise during the execution of an ...
Real estate and culture
Real estate with a connection to culture in one way or another is of increased interest to local and foreign investors.
Real estate which offers views of or is in ...
Order for the recovery of possession of property
If an issue arises during execution, the registrar applies to the court for directions
The order for the eviction and surrender of possession of a property, like any other order ...
What’s behind the closure of Era department store?
We have been looking through the announcements published in the local press regarding the closing of Era Korivos department store, both by the municipality of Paphos and its owners. We ...
An auction scam?
For those who are interested in buying real estate through electronic (or other types of) auctions, we keep noting various scams that surface from time to time with the end ...
Including all co-owners in court proceedings
In a number of rented premises which belong to co-owners, the rent is collected by only one of them. The co-owners may have distributed the properties between them even though ...
Cyprus property market: apartments and office space dominate demand
The Cyprus property market is suffering from a misalignment between what is primarily available and what is being sought after by property seekers, a report from independent real estate asset ...
Landlord, oil company and petrol station licensee
An oil company does not acquire the status of the statutory tenant of the land where the petrol station is located
The Rent Control Law 23/83, as amended, does not include ...
Affordable housing project in Limassol, part two
Two months ago, we wrote of our disagreement with the plan of the Limassol municipality to undertake an extensive housing development project in collaboration with the land development corporation (a ...
Cyprus economy growth prospects better than previously thought
The Cypriot economy is expected to grow more than previously expected according to a report by the University of Cyprus Economic Research Centre.
According to the report, Cyprus’ real GDP ...
A guaranteed investment?
The taxpayer pays for provident fund gambling
Notwithstanding my 42 years operating in the real estate market of this country, I’m still learning from the wrongdoings and sick mentality that ...
Civil liability of an administrator of an estate
It can be examined through a lawsuit and not in the procedure of administration of the estate of the deceased
The duties and powers of an administrator of the estate ...
Buying an older apartment
As the value of modern apartments has been increasing on the whole, there has been increased interest in the older units.
If older apartments and buildings are maintained at an ...
Bribery in the private sector
Bribery in the private sector constitutes a criminal offence, and a court will not allow the recovery of any advantage received on its basis. It is a criminal act against ...