Property

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 ...

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 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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 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 ...

Companies that do not adopt the concept of sustainability will find themselves stranded By Yiannis Misirlis At a time when the planet is sounding the alarm, it becomes more necessary ...

The injunction secures the future execution of a court judgment When filing a lawsuit, a plaintiff can apply for an injunction to prohibit the defendant from the alienation or encumbrance ...

We have studied the announcement by the small shopkeepers association (Povek) warning the state not to reduce the subsidies being paid to shopkeepers. The union declared that approximately 20-25 per ...

Lawmakers on Monday began reviewing three government bills which would give credit acquiring companies (CACs) enhanced access to debtors’ financial data, affording the financial industry more tools to deal with ...

Aligns with EU law and regulates consumer protection issues The new legislation for the protection of consumers has come into force with the enactment of Law 112(I)/2021 to harmonie with ...

In an interview on the radio, the Limassol mayor announced an initiative of the municipality to get involved in the construction of over 600 housing units in order to help alleviate ...

Many people enter into an agreement for the purchase of the goodwill of a shop or other business activity. In fact, for this purpose a large amount of money is ...

The owner is responsible for paying communal charges to the management committee The management committee of a building complex is normally responsible for collecting the communal charges from occupants. The ...

We recently wrote an article about the need for quality retirement homes with all necessary facilities based on the American model. We talked about how family ties are not what ...