Property

Lack of controls by authorities enables illegalities The system of taxation of real estate seems to leave enough room for exploitation and tax avoidance, due to loopholes in the legislation ...

The local real estate market has also seen a surge in property sales in Larnaca The Cyprus Real Estate Registration Council this week has unveiled a comprehensive analysis of the ...

The Cyprus Tourist Enterprises Association (Stek) on Wednesday issued a warning about the unchecked operation of short-term rentals and the escalating influx of tourists into the occupied areas, highlighting “asymmetric ...

The proposed measures by the government aimed at reducing non-performing loans (NPLs) will not effectively contribute to their reduction, the Association for the Protection of Bank Borrowers (Syprodat) said in ...

European Regulation (EC) 1784/2020 entered into force on 01.07.2022 and regulates judicial cooperation in civil and commercial matters between EU member states when a judicial or extrajudicial act must be transmitted from ...

Cypriot firm Ask Wire this week released a report detailing the value of the ten most expensive property sales transactions completed in July 2023, along with the cumulative value of the ...

Existing access for the benefit of a neighbouring property should be taken into account Some properties are enclosed and lack the necessary right-of-way to a public road, or have insufficient ...

It has been said that Cypriots eat as if it is their last meal and build as if they will live forever. This is a true reflection of reality and ...

Claim must be submitted within six months from the date of the notice of the town planning decision When seeking compensation due to land value being negatively affected by a ...

Unique commercial properties opportunities await you in the catalogue of Altia, the fastest-growing property company in Cyprus. Properties are suitable for a business space or even for an investment with ...

Hundreds of applications from low-income families and borrowers overdue on their loans have been preliminary approved by the Housing Finance Corporation (HFC) and sent to the accountant general for further ...

Germany has long benefited from an era of cheap money that fuelled a decade-long boom in real estate, but now the sector is grappling with a major turn of fortune. ...

The Cyprus construction sector has seen a simultaneous increase in both the area and value of construction permits issued by municipal authorities and district administrations during the initial five months ...

The tenant is obliged to pay rent and the owner to make repairs A lease, like any other contract, contains the contractual rights and obligations for landlords and tenants. In ...

Upgrading our hotels, restaurants, leisure centres, the quality of service and so on brings good results, but the cost is very high, especially for Cypriot budgets. The two flagships of ...

Here are the top business stories in Cyprus from the week starting July 31: Hellenic Bank on Tuesday announced that chief executive officer Oliver Gatzke will be stepping down from his ...

The Cyprus Real Estate Agents Registration Council on Wednesday noted that the local property market has performed better during 2023, although it looks forward to drawing more meaningful conclusions after the ...

The housing market in Cyprus experienced a notable upswing during the first quarter of 2023, as property prices continued to soar, particularly in the apartment segment, primarily driven by increased demand. ...

The right of ownership takes precedence over possession, unless it was acquired as a privilege or right and registered with the land registry The right to own immovable property, and ...

There has been an increased interest in the mountain areas, especially those in the Troodos region, and the market is thriving. The relatively recent purchase of Petit Palais Hotel, the ...

Cyprus’ rental prices across all property types experienced a rise during the second quarter of the year, according to a report released on Thursday by Ask Wire, a Cypriot tech-informed ...

A beautifully-listed residential property with a pool in Neo Chorio Paphos, a two-storey five-bedroom house in Timi, or a luxurious four-bedroom residence in Mitsero? Whatever you are interested in for ...

Real estate agent council determined to safeguard profession from illicit practices In what was described as an “unbelievable incident” exposing the audacity of illegal property brokers, a woman, posing as ...

Late deposition may be permitted by a court order If a buyer fails to deposit a sale contract they have entered into for the purchase of a property without a ...