Property

By Pavlos Loizou, managing director, WiRE The Cyprus market for office space is expected to decline 10 per cent to 15 per cent as companies adopt the remote working model, Pavlos Loizou, ...

A recent report by international auditors PWC regarding the prevailing real estate market in Cyprus was of great interest. It looked at the reduction in real estate demand, which we ...

‘There is a remedy available to the landlord when the tenant’s reply is accepted by the court without payment of the rent’ THE new provision added to the rent ...

There has been discussion recently about the certificate of final approval (CFA) for someone to occupy a building or unit and whether such a thing is necessary. It is quite ...

“The letter of guarantee safeguards the fulfilment of transactions” A letter of guarantee constitutes a strong security of fulfilment of contractual obligations and gives credibility to the transactions. The letter ...

Spectacular sunsets, pristine sands, and expanses of clear turquoise water – the best of Cyprus beaches share these three elements. In seeking out these stunning beaches, many tourists around the world ...

“The buyer of a property through auction is considered bona fide and safe” The process of selling a property through auction as well as its transfer, according to the provisions ...

Following the abolition of the Cyprus citizenship by investment programme over the scandal of selling passports, attention has turned to the scheme for permanent residency visas. This had already existed ...

A new index created by WiRE FS shows that the prices of Cyprus property, across most categories, fell in the first quarter of 2021. Rents also recorded a drop in most ...

It was recently decided that the historic school of Phaneromeni is to be converted into an architecture school of the University of Cyprus. Some objected to this, but many including ...

There is great confusion when it comes to apartment size and how it is calculated. Different companies and developers each have their own method of calculating, so, often, buyers don’...

For a limited time, Altamira Real Estate is launching a new campaign, offering over 180 selected residential plots and fields in mountainous, buffer zone and disadvantaged areas across Cyprus. Having launched ...

This year on the occassion of National Tree Day, the government decided to give away young trees to the public in order to encourage the planting of trees. The response ...

Despite the European financial crisis and general real estate market decline, Karma Group, led by Nicolas Karoullas, has improved its financial performance, and recently completed the largest project in the ...

As entertainment establishments, like restaurants, bars and cafes, reopen, their operators should have certain factors in mind. Things are not as easy as they were before the pandemic and resulting ...

Melco Cyprus, operator of Cyprus Casinos (C2) and the upcoming integrated resort (IR) City of Dreams Mediterranean, announced that the resort’s sustainability strategy has been honoured with a BREEAM ...

Location: The property in question is located in the Pallouriotissa, in Nicosia and it is adjacent to Michail Paridi Street, at a distance of 100 (approximately) meters west of the Avenue ...

By George Coucounis A relationship that is based on trust, between relatives or business associates or otherwise, may lead people to open a joint bank account. Such an account operates ...

Leaving behind one’s country for economic/professional reasons is tough on both the immigrant and his friends/family, causing a lot of heartache all around. Since its independence (1960) Cyprus ...

The property consists of a plot with a five-storey mixed used building with mezzanine and basement (ground floor, mezzanine/1st floor, three floors, and basement), located in Omonia Quarter, within ...

The government warned opposition parties for the umpteenth time on Wednesday that changing the foreclosures legislation would have negative consequences on banks and possibly create the need for fresh capital. ...

The land registry is carrying out its third property evaluation since 2013 with the results expected to be made public at the end of the year, it was reported on Monday. ...

“Due diligence protects the potential purchaser in his choice” The term due diligence refers to the process usually initiated by the buyer of an immovable property or a business, through ...

There are the parameters nowadays, which could make it the right time for the creation of small scale real estate investment funds in Cyprus. Our opinion is based on the ...