Vision of local government reform
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...
Property
The battle with the lands office
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...
Enclaved buyer at loss
‘The submission of an AEA application is of no value to the buyer when the issuance of the title deed is impossible’ Due diligence...
Camping sites for tourists
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...
Disciplinary action against a real estate agent
‘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,...
The sale of a private home
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...
Cancellation of transfer of property made with undue influence
‘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...
Exploitation of beaches
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...
Acquisition of immovable property by aliens
‘There is a need for reform of the relevant legislation for the acquisition of immovable property by aliens’ THE acquisition of immovable property by...
Time for small contractors
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...
Determination of fair rent
‘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...
Setting aside a forced sale notice
“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...
Respectful cohabitation
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,...
Sale of property charged with memo
“No writ of sale is issued, unless the debtor has no movable property” A creditor who secures a judgment against a debtor may register...
Is insurance a scam?
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...
Get to know Cyprus
The Covid pandemic has had various negative economic, social and health effects, but it has led to locals getting to know Cyprus’ rural areas, especially...
The state of affairs
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...
Landlord’s remedy for non-payment of rent
‘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...
The certificate of final approval
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...
Credibility of a letter of guarantee
“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...