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...
Property
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...
Safe purchase of property through auction
“The buyer of a property through auction is considered bona fide and safe” The process of selling a property through auction as well as...
Permanent residency visas
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...
Cyprus property prices fall across most categories, index shows
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...
The redevelopment of old Nicosia
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...
Calculating the area of apartments
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...
Altamira launches buy drive for rural Housing Scheme plots
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...
Could we be tree lovers?
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...
‘Demand for east coast real estate remains stable’ says Karma Group CEO Nicolas Karoullas
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...
How to make a business work
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...
Dealing with a blocked joined bank account
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...
The benefit of immigrant populations
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...
Government urges no extensions to suspending foreclosures
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...
Land registry updating property values
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...
Due diligence before buying a property
“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...
Is it the right time for real estate investment funds?
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...
Timely renewal of memo upon a property
“It can be renewed if the conditions set by the law are cumulatively met” The creditor who secures a court judgment against a debtor can...
Brexit and Cyprus real estate
Thanks to Brexit we have gone back in time when it comes to British nationals buying real estate in Cyprus. As circumstances stand at present...
Requisition of property is ordered exceptionally
“A requisition order is an exceptional measure to cover only urgent needs” The requisition of an immovable property intends to serve the public and is...