Properties cannot be sold if bills remain unsettled
A new bill currently discussed in parliament proposes that homeowners will not be able to sell their property until their utility bills have been settled and they have obtained a ...
North makes it easier for foreign nationals to buy property
The north’s ruling coalition on Friday changed its legislation regarding the purchase of real estate by non-Turkish Cypriots, allowing them to buy more properties.
Foreign nationals are now allowed ...
Ombudswoman condemns state’s land seizures without compensation
Owners are up in arms over the state-sanctioned dispossession of their land without proper notification nor compensation, leaving their properties in limbo, Ombudswoman Maria Stylianou-Lottides revealed on Monday.
Speaking to ...
Property usurpation bill helps Law Office in north cases
A bill increasing penalties for possession, cultivation or exploitation in any way of land or immovable property belonging to a third person has been submitted to the House, giving leverage ...
Questions over people who own several properties getting benefits
The audit office on Wednesday flagged over 800 questionable cases of individuals who received guaranteed minimum income (GMI) but had accumulated a wealth of property.
In a special report for the ...
Law requiring structural integrity checks on TC properties upheld
The Supreme Constitutional Court has upheld a law passed by parliament earlier this year – and which the president vetoed – that mandates structural integrity checks on Turkish Cypriot properties before they ...
Ministry plans to tackle Mackenzie beach chaos (Update)
The interior ministry is looking to rationalise the rental practices of Turkish Cypriot properties on Mackenzie beach in Larnaca, where holders have been paying very low rent for years.
The ...
Our View: House insists on trying to fool EU on VAT on properties
It is quite astonishing how the political parties are pretending not to understand the issue of reduced VAT on the purchase of a primary residence, which the government has been ...
Nicosia could have more than 10,000 extra apartments
Increased property availability could help to stimy soaring rental prices
The city of Nicosia could have an additional 10,180 apartments, which could alleviate rising rental costs and soaring real estate prices, ...
Cyprus Business Now
The presidents of the Institute of Chartered Accountants in England and Wales (ICAEW) and The Institute of Certified Public Accountants of Cyprus (ICPAC) on Friday announced that they have signed ...
Cyprus property sales close to €6 billion, apartment prices and rents shoot up
The Cyprus real estate market enjoyed a strong second half of the year, pushing the total value of all property sales to €5.8 billion for 2022, according to a report released this ...
Borrowers association demands immediate relief measures
The Association for the Protection of Borrowers (Syprodat) on Wednesday released a statement calling on the government to draw up and implement immediate relief measures for consumers, households, businesses and ...
Cyprus’ land and properties evaluated at €186 billion
The land and surveys department on Thursday published its new evaluations for January 1, 2021, covering a total of 1,660,048 properties — 25,102 or 1.5 per cent more than the 2018 survey.
The total value of the ...
Varosha now a macabre museum
By Evie Andreou
But for how much longer? The Turkish side has not yet touched Varosha properties, but time may be running out for Greek Cypriot property owners to stake ...