Property

Failure to file renders the action abandoned and subject to dismissal Under Order 30 of the Civil Procedure Rules, there is a ninety-day period from the date on which pleadings are ...

Sales staff in real estate do not seem to want to educate themselves and become professionals of the level that is desirable. There are something like 400 registered estate agents around, ...

The Paphos real estate market experienced a slight decline of 17 per cent in the value of property transactions during the second quarter of 2023, according to George Mais, the president of ...

Leptos Estates earned a new distinction for the best project with more than 20 residences at this year’s European Property Awards 2023, thanks to its successful Venus Gardens development. The awards ...

The value of properties sold in Cyprus during the second quarter of 2023 reached €1.52 billion, with the market showing signs of being impacted by the increase in interest rates, soaring inflation, ...

Finance Minister Makis Keravnos said the government is ready to discuss with the other ruling parties the strengthening of support for vulnerable groups facing foreclosures. “Within the context of the ...

The cabinet approved on Wednesday a mortgage to rent (MtR) scheme, following approval from the European Commission last week, government spokesman Konstantinos Letymbiotis said. The commission on July 6 approved a ...

A marathon session in parliament on Monday failed to avoid a showdown at the House plenum for later this week, where MPs will be voting on a contentious bill tabled ...

An arbitral award procured in violation of the principles of natural justice is subject to annulment Arbitrators are subject to review by the court, and where an arbitrator has committed ...

The Housing Price Index (HPI) in Cyprus experienced a substantial increase of 5.9 per cent during the first quarter of 2023 compared to the same period in 2022, according to a recent preliminary ...

Foreclosures have been suspended until the end of October, while a special judicial procedure will be created to deal with non-performing loans (NPLs), cabinet decided on Wednesday. Primary properties valued ...

State-owned Cyprus asset management company Kedipes on Tuesday announced revisions in pricing for existing restructured loans. According to a written statement, this decision arose after cumulative increases in the interest ...

The government will soon roll out its ‘Mortgage to Rent’ scheme after getting the green light from the European Commission, a senior official briefed MPs on Monday. Giorgos Panteli, permanent ...

The reform of local government must come through its essential modernisation Local self-governing authorities that are capable of responding to their mission in the modern era, with powers and responsibilities ...

Something is changing in Larnaca, with many projects going on the public and the private sectors. There is the ongoing fixing up of the old city, extending from the coastline ...

By Patricia Jordan ‘High summer’ in the garden here brings out the amazing flowers of tropical and semi-tropical trees. If you live along the coastline then you will be able ...

Here are the top business stories in Cyprus from the week starting June 26: Bars and restaurants across Cyprus experienced a notable decline in occupancy rates, with the drop in guests ...

Cyprus-based PropTech startup buildbuild, which develops software for managing construction projects and increasing their marginality in the small and midsize (SMB) sector, announced this week that it has raised $1.25 million ...

Council for Registration of Real Estate Agents president Marinos Kineyirou on Wednesday said that the organisation’s efforts have helped to correct the misconception about the use and purpose of ...

Despite dire warnings from the government and the Central Bank, MPs on Monday decided to send on to the House plenum for a vote four legislative proposals amending the foreclosures ...

An immovable property is transferred and registered in the name of the trustee A person wishing to transfer an immovable property to a loved one or any other person, can ...

Cyprus has a problematic legal system through which it takes a very long time to secure a court decision, with the end result being that those in the wrong get ...

Interior Minister Constantinos Ioannou on Wednesday presented the support plan ‘ktiZO’ for renovation and new apartments at refugee housing estates. Speaking at the conference, Ioannou announced that the non-profit organisation ...

It is high time a comprehensive solution to the issue of ‘trapped buyers’ is found, the House labour committee concluded on Wednesday, as deputies stressed their determination to tackle the ...