Property

The inflation rate in Cyprus is declining, but is still high [at 6.7 per cent in February 2023]. Interest rates are very low, 1.29 per cent for household deposits and 1.27 per cent for ...

State-owned Cyprus Asset Management Company (Kedipes) on Thursday reported that its board has decided that its state aid repayment for the first quarter of 2023 will be capped at €60 million. According ...

The Council for Registration of Real Estate Agents on Wednesday released a statement saying that 25 legal entities and 45 natural persons were convicted of illegal real estate brokerage in 2022. According to ...

Deputy tourism minister Costas Koumis heralded the Land of Tomorrow project spearheaded in Larnaca. In a statement on Monday, Petrolina Group which is driving the project, said the investment will ...

No order for the recovery of possession of a property can be set aside if there is no compliance with the order of the court The recovery of possession of ...

Cyprus is a land full of history, beautiful beaches, about 350 days of sunshine, a most satisfying Mediterranean cuisine, captivating natural mountain and beach areas and is an EU member. It ...

Properties in the municipalities of Nicosia, Strovolos and Aglantzia are the easiest to sell in the Cyprus capital, a report by Cypriot fintech Ask WiRE showed. The company, which operates ...

In the event that termination of a sale contract for immovable property is held invalid, the purported termination constitutes a breach, resulting in consequences to the party in default Every ...

The Ministry of Finance announced on Thursday that 1,318 applications have been submitted, potentially qualifying for loans totalling €131.1 million under the Oikia housing scheme. This scheme was designed to help manage ...

State-owned Cyprus Asset Management Company (Kedipes) on Wednesday reported record cash inflows of €439 million for 2022, as well as a state aid repayment amount of €310 million, since the company’s creation ...

State-owned Cyprus Asset Management Company (Kedipes) on Tuesday an interest rate subsidy for restructured loans with the base rate of the European Central Bank, so that the interest rates do ...

The number of building permits in Cyprus, as well as the total useful floor area, experienced a significant decline during the period between January and December 2022, according to a report ...

Last week I wrote the first of a two article series on information one should know before purchasing a property. It can be a tricky process and there are many ...

Russians were by far the largest group of foreign real estate buyers in Cyprus during the first two months of 2023, according to data from the department of lands and surveys, ...

Rising interest rates are causing shocks in the Cypriot real estate sector, with the government being called to intervene to prevent any long-term consequences, Council for Registration of Real Estate ...

The Housing Finance Corporation (HFC) said on Monday it’s receiving a great deal of applications for home loans, as it can currently offer competitive rates compared to private commercial ...

The court may set aside a judgement if a party did not appear at trial, under terms and if the application is made within 15 days after the hearing A strong ...

Purchasing an immovable property is a process which requires careful handling by the purchaser, in order to avoid any unpleasant situations. Here is some basic information one should know before ...

The encumbrance created by lodging a contract of sale at the land registry is valid until its cancellation The registration of a sale contract at the land registry creates an ...

Organised retirement communities have long been established in America and then in Europe. We are seeing a trend in construction of such complexes, such as in Spain, which should be ...

Property investment in Larnaca is booming and it is not surprising that investors are highly interested in the city given the variety of properties available for investment and large-scale development ...

Real estate company Altia on Wednesday announced that it has officially started its operations in the Cypriot market. The company highlighted the fact that it is the fastest-growing property company ...

Lawmakers on Monday revisited the issue of reduced VAT on homes, with some trying to instill a sense of urgency on the matter as the European Commission continues breathing down ...

A management committee of a jointly owned building may sue and be sued, but does not act as a private prosecutor The powers of a management committee (MC) are limited ...