Freedom to dispose of property by will
Siblings are not considered heirs when property disposed of by will The freedom of a person to dispose of their property by will is subject...
property
Cyprus Business Now
Property prices dropped in the second quarter of 2021 according to real estate data experts WiRE FS. On a quarterly basis, prices for apartments fell...
The battle with the lands office
It appears that there has been an increase in the rate at which title deeds are being issued. Be it with some years delay (approximately...
U.S. Real Estate update: Top cities for retirement home buying
Here in Cyprus, we see a reasonable segment of retirement home buyers from foreign countries. Given that this is essentially a global market, let’s take...
Up to nine complaints daily about estate agents
Cyprus’ Real Estate Registration Council revealed on Monday that on average three to nine cases of malpractice within the sector are reported daily in the...
Safe purchase of property through auction
“The buyer of a property through auction is considered bona fide and safe” The process of selling a property through auction as well as...
Property companies fined for failing to advertise energy efficiency
Nine property companies were slapped with fines up to €30,000 for failing to mention the energy efficiency category of the properties they advertised. The trade...
Due diligence before buying a property
“Due diligence protects the potential purchaser in his choice” The term due diligence refers to the process usually initiated by the buyer of an immovable...
Timely renewal of memo upon a property
“It can be renewed if the conditions set by the law are cumulatively met” The creditor who secures a court judgment against a debtor can...
Requisition of property is ordered exceptionally
“A requisition order is an exceptional measure to cover only urgent needs” The requisition of an immovable property intends to serve the public and is...
Finance minister to look into expanding mortgage relief scheme
Finance Minister Constantinos Petrides has been tasked by the cabinet to draft a plan aimed at borrowers who were rejected by a state-backed mortgage relief...
Ex-judge: State should compensate loss of use of property in north
It is inconceivable that in 2020, Cyprus, an EU member, has done nothing to establish a programme to compensate owners of property in the north...
Property-fraud suspect took €125,000 from client, court hears
The Larnaca district court remanded a 48-year-old for six days on Wednesday after his arrest on suspicion of extorting thousands from a woman, and money...
Altamira Real Estate: Location of the week on special offer
Altamira Real Estate has launched a new large-scale campaign, aimed at promoting properties in different areas across the island. As part of the Company’s campaign...
‘Bitter Lemons’ Durrell property for sale in north
The house where British writer and poet Lawrence Durrell lived in Bellapais, near Kyrenia, between 1953 and 1956 has been put up for sale. Named...
Cabinet extends town planning incentives
The cabinet on Wednesday decided to extend existing town planning incentives and introduce new ones in a bid to boost growth, Interior Minister Nicos Nouris...
Cyprus property sales expected to stabilise, experts say
Industry experts expect property sales in Cyprus to stablise, as the country emerges from the novel coronavirus crisis. The number of property sales dropped 71...
People warned of real-estate scam
The real-estate agents’ registration board (ESK) on Friday called on property buyers to be alert after a man in who presented himself as a middleman...
GoGordian: New plots for sale in Nicosia and Limassol
GoGordian has expanded its portfolio of available properties with further plots of land in Nicosia and Limassol. These include properties close to schools, supermarkets, shopping...
Coronavirus: house prices set to fall, rents to rise
By Antonis Loizou FRICS The coronavirus has produced many negative effects on the Cyprus economy and by projection to the real estate market. The precautionary...