Property

Each country has its own regulations regarding real estate agencies. In Cyprus the Real Estate Agents Law, but when people come from abroad, they have their own country’s system ...

By Antoniou Markos, economist Acquiring real estate has always been one of the most stable investments the average person could make in their life. This is confirmed by George S. ...

Property prices dropped in the second quarter of 2021 according to real estate data experts WiRE FS. On a quarterly basis, prices for apartments fell by 0.14 per cent, for houses by 0.36 ...

‘It constitutes the first step in checking the correctness of the decision’ IF someone isn’t happy with a town planning decision regarding a permit to develop immovable property, they ...

Like many other things, our living situations are changing and this affects accommodation. Young people or couples, if able to buy, start off with the acquisition of a one or ...

Consultation is necessary with the affected local authorities and residents The delay that is observed and hinders the reform of local self-government seems to be attributable to political and other ...

It appears that there has been an increase in the rate at which title deeds are being issued. Be it with some years delay (approximately 4-7 years after completion) titles ...

The Cyprus real estate market is finding its legs again, just as, across the globe, the housing market is booming – real estate investment is starting to make sense again. The ...

‘The submission of an AEA application is of no value to the buyer when the issuance of the title deed is impossible’ Due diligence before buying a property, regarding both ...

The Deputy Ministry of Tourism talks about upgrading the quality of our tourism product, the local hotels and recreational places, both in terms of the buildings and facilities and the ...

As a country that is consistently developing and attracting more investment, Cyprus is becoming a hub for new sales opportunities at an excellent value. At CITR, a number of properties ...

‘It presupposes conduct incompatible with their profession’ Real estate agents, as well as other professionals whose profession is regulated by law, must conduct themselves accordingly, otherwise they commit a disciplinary ...

Buying property in Cyprus is not difficult due to the abundance of supply, however, selling your own property may be more difficult since you will have to compete against the ...

By Pavlos Loizou, Managing Director, WiRE FS It is a paradox that currently only a handful of people in Cyprus are still concerned with the matter of NPLs. Maybe they ...

‘The transfer of property without the free will of the donor may be cancelled as a result of undue influence’ A person with poor health is usually cared for by ...

People may not realise how much money there is involved in the renting out of sunbeds and umbrellas on beaches but, depending on the quality and size of the beach, ...

An attractive owner-occupancy proposal for Millennials at Sunset Gardens in Limassol The sudden abolition of the Cyprus Investment Programme last autumn in the middle of an already difficult period for ...

‘There is a need for reform of the relevant legislation for the acquisition of immovable property by aliens’ THE acquisition of immovable property by British citizens after December 31, 2020, when the ...

Increasing building costs, limited availabity of suitable housing units in central town areas, the burden of VAT, the lack of titles for new units, among others has turned housing demand ...

‘Fair rent does not mean reasonable rent but is the market rent minus the legislative exceptions’ THE determination of fair rent by court regarding houses and shops situated in a ...

“The service of the notice Type IA is done first by registered letter and not directly by a private bailiff” A mortgage creditor, in the event of a mortgage debtor ...

As the building industry grows, especially for residential properties, both houses and apartment buildings, the ability to quietly cohabitate becomes more and more important. Regrettably, there are no building regulations ...

“No writ of sale is issued, unless the debtor has no movable property” A creditor who secures a judgment against a debtor may register it as an encumbrance – memo – with ...

Notwithstanding that we’ve been involved in the real estate business for the last 42 years, we are still learning from our mistakes and ommissions, as well as from the various ...