Posts tagged with "property"

The monster of small politics is reappearing Property

The monster of small politics is reappearing

July 22nd, 2018 By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate Valuers & Estate Agents We wonder whether there are people in this country who are trying to destroy Cyprus’ ailing economy just as it starts to recover. To this we must consider the dangerous path that this government is following with various...
Court rules for property value change notification Cyprus

Court rules for property value change notification

June 28th, 2018 The supreme court on Thursday ruled that a law passed last November, obliging the land registry to personally inform property owners of any significant change in the value of their property, was constitutional. The legislative proposal, an amendment to the retention, registration and valuation law, had been passed by parliament by...
Europeans and Non Europeans choose Paphos for their property investments Company News

Europeans and Non Europeans choose Paphos for their property investments

June 11th, 2018 Paphos is in the lead as the most popular district for overseas buyers from Europe and Non-Europeans by 40.2% in comparison to Limassol which follows with 29.6%.   Larnaca is 3rd with 14.2% and lastly Famagusta with 10.7 % and Nicosia with just 5.3%. During the first five months of 2018, a total of 1,802 property sales...
Government ready to look into speeding up title deeds Cyprus

Government ready to look into speeding up title deeds

June 11th, 2018 By Stelios Orphanides The chairman of the Cyprus Land and Building Developers Association (CLBDA) Pantelis Leptos said that that while investor interest in real estate on the island is unprecedented thanks to the state’s efforts, the government is ready to discuss ways to speed up the issue of title deeds. Leptos who was...
Greek Cypriot refugee asks ECHR not to close her property case yet Cyprus

Greek Cypriot refugee asks ECHR not to close her property case yet

June 6th, 2018 Titina Loizidou, a Greek Cypriot refugee who won a case against Turkey in the European Court of Human Rights (ECHR) regarding her property in the north has sent a letter to Strasbourg asking the Committee of Ministers of the Council of Europe to adjourn consideration of closing here case as she has not been given back her property...
Elderly man’s return to home in north sparks outrage Cyprus

Elderly man’s return to home in north sparks outrage

May 31st, 2018 An elderly Greek Cypriot man’s quest to move to the occupied village of Larnaca tis Lapithou where he was born and grew up to build a house has prompted a strong reaction in the north, local media reported on Thursday. Turkish Cypriot daily Yeni Duzen reported that the Immovable Property Commission (IPC) set up by Turkey in the...
Tenant’s right for peaceful enjoyment of a property Opinion

Tenant’s right for peaceful enjoyment of a property

April 1st, 2018 The tenant has the right to peaceful enjoyment and unobstructed use of the property rented without any interference by the landlord, regardless of the type of the tenancy whether it is contractual or statutory. This right may arise from an expressed or implied term of the tenancy agreement and the tenant is entitled to the property from...
MPs determined to act over title deed fiasco Cyprus

MPs determined to act over title deed fiasco

March 15th, 2018 In the absence of tangible government action, main opposition Akel said on Wednesday it will be preparing two proposals designed to iron out kinks in a 2015 law that sought to sort out the title deed mess, offering relief to so-called trapped buyers. The law sought to resolve the problems for homeowners who had paid for their...
Property transactions up 46% in February Cyprus

Property transactions up 46% in February

March 5th, 2018 Property transactions rose 46 per cent to 666 in February compared to the respective month of 2017, mainly on strong performance of the real estate market in Paphos, the lands department said.   Property transactions in Nicosia rose last month 32 per cent to 96 and those in Limassol 45 per cent to 256 compared to the...
Property prices rise in Q3 but Economists fear new drop Cyprus

Property prices rise in Q3 but Economists fear new drop

February 21st, 2018 The Cypriot branch of the Royal Institute of Chartered Surveyors (RICS) said property prices continued to rise across the island in the third quarter of 2017 fuelled by economic growth, as economists describe the current real estate market recovery as temporary and expect a new price drop to set off in two years. House and apartment...
Property transactions up 36% in January Cyprus

Property transactions up 36% in January

January 8th, 2018 By Stelios Orphanides The number of property transactions in December rose an annual 36 per cent to 1,537, the highest number reported since July 2008, the department of lands and surveys said. The increase in property transactions in December, ahead of the introduction of 19 per cent value added tax (VAT) rate on land plots in...
Akinci calls for focus on property Cyprus

Akinci calls for focus on property

December 14th, 2017 Turkish Cypriot leader Mustafa Akinci said on Thursday it was up to the new 'government' to create funds and speed up the application process for the Immovable Property Commission (IPC). “One of the first tasks of the new government should be the commission. Funds need to be found and the process sped up. It should not take years,...
Property Questions Property

Property Questions

December 10th, 2017 Does residency investment have to be buildings? I am a non-EU citizen. Can I buy resale property instead of new development in Cyprus to get a temporary residence permit? Am I able to simply invest in vacant land without any building on it? Thank you Zhebei Song Yes you can buy resale property and get the residence permit subject...
Review begins into Turkey’s compliance with property-related ECHR judgments Cyprus

Review begins into Turkey’s compliance with property-related ECHR judgments

December 5th, 2017 The Committee of Ministers of the Council of Europe on Tuesday embarked on a three-day review regarding the implementation of European Court judgments, among other rulings, in the case of Greek Cypriot properties in Cyprus. The 47 ministers’ deputies will review the property rights of displaced persons, a cluster of the “Cyprus v....
Police arrest two in connection with land scam Cyprus

Police arrest two in connection with land scam

November 17th, 2017 Two men were remanded in custody for six days in Limassol on Friday in connection with taking €147,000 from a woman for the sale of land that never materialised. Police arrested the suspects, 54 and 59, after the woman reported that two years ago they had agreed to sell her two plots of land and taking €147,000. The woman said...
Greek Cypriot refugee’s follow-up claim rejected by ECHR Cyprus

Greek Cypriot refugee’s follow-up claim rejected by ECHR

October 26th, 2017 In a decision published on Thursday, the European Court of Human Rights (ECHR) found inadmissible an application submitted by Greek Cypriot refugee Pavlos Loizou against Turkey regarding compensation for his family house in Kyrenia. In September 2011 Loizou filed an application with the north’s Immovable Property Commission (IPC)...
Report describes litany of Turkish Cypriot property violations Cyprus

Report describes litany of Turkish Cypriot property violations

September 11th, 2017 The acting head of the Turkish Cypriot properties administration service has described a nexus of corruption within the agency, where staff are said to have aided and abetted as well as covered up a host of irregularities over the years. In a lengthy report, the agency’s Makis Economides recounts numerous instances where employees...
Greek Cypriot passes away without ECHR judgment being implemented Cyprus

Greek Cypriot passes away without ECHR judgment being implemented

September 8th, 2017 Another Greek Cypriot applicant, who sought recourse at the European Court of Human Rights  (ECHR) for her property in the Turkish-occupied part of the island, passed away without seeing the court’s judgment being implemented by Turkey. Lenia Antoniadou from Famagusta, an ex-Limassol resident, died on June 25, 2017, aged...
Home prices up 0.3% in Q1, for third consecutive quarter, says CBC Property

Home prices up 0.3% in Q1, for third consecutive quarter, says CBC

August 25th, 2017 THE Central Bank of Cyprus said that home prices rose 0.3 per cent in the first three months of the year compared to previous quarter, recording the third consecutive quarterly increase. “The continuing quarterly increases, even though small, confirm the recovery course of the real estate sector in Cyprus as other related indicators...
Probe into Turkish Cypriot property fraud Cyprus

Probe into Turkish Cypriot property fraud

August 23rd, 2017 Interior Minister Constantinos Petrides said on Wednesday an intensive effort was underway to locate and stamp out mismanagement relating to Turkish Cypriot properties, as Paphos Mayor Phedonas Phedonos said politicians and others had been illegally exploiting them. The outspoken mayor, whose past revelations led to a rubbish...
British couple raffling Cyprus villa, some of proceeds to go to charity (Updated) Cyprus

British couple raffling Cyprus villa, some of proceeds to go to charity (Updated)

August 23rd, 2017 A British couple from Somerset in England is offering their Paphos villa as a prize in a raffle with 10 per cent of hoped-for receipts going to three different charities in the UK. Villa owner Joseph Moretti said that for  £2 a ticket, entrants only have to answer a question online for a chance to win. He and his wife Fi, want to...
Cyprus 7th most popular spot in Europe for British home buyers Property

Cyprus 7th most popular spot in Europe for British home buyers

August 15th, 2017 CYPRUS is the seventh most popular European country for Britons looking to relocate or buy a second home, figures from property website Rightmove suggest. The most popular area in the country is Paphos, followed by Famagusta, Limassol, Larnaca and Nicosia. “A great climate in a gorgeous setting, affordable flights and relatively...
Property transactions up 18% in July Cyprus

Property transactions up 18% in July

August 2nd, 2017 The number of properties that changed owners in July rose 18 per cent to 739 compared to the respective month of 2016, the Department of Lands and Surveys said. The increase in property transactions last month reflects an increase in all districts with the exception of Larnaca where they fell an annual 16 per, cent to 103, the...
Increasing interest from foreign investors Property

Increasing interest from foreign investors

July 30th, 2017 By Antonis Loizou FRICS There appears to be increasing interest for Cyprus alternative investments. Real estate demand from wealthy buyers is active, ranging from the acquisition of top quality houses to office buildings (as an investment – for income). Other investors (mainly foreign) are looking over the island for other types of...
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