#property

The north’s ‘interior minister’ Dursun Oguz said on Thursday he plans to bring in new restrictions to curb the rate at which third-country nationals are buying property. Speaking to ‘...

The representation of another person presupposes the existence of authorisation mainly through power of attorney and the transaction carried out is valid and binding on the principal. According to the ...

When a restriction on property causes a substantial reduction in value, compensation must be paid The owner of a property affected by the laying of any electric line either above ...

A property owner who notifies a tenant when their rental agreement expires that they do not intend to renew it and calls on the tenant to surrender the property, is ...

The law of equity and trust intervenes and protects the tenant When the underground space of a building, intended to be communal parking space, is rented out to be used ...

Cyprus’s construction sector saw a 16.5 per cent increase in the total value of building permits during the first half of 2023, as well as a 3 per cent increase in their ...

Estimates suggest that about 50 per cent of foreign transactions are not recorded Some 7,000 permissions were given to foreigners to buy property in the northern part of Cyprus since January 2021. According ...

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 ...

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 ...

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 ...

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 ...

The unnamed businessman who claims to have purchased hotels in Varosha has stated that from Tuesday he would be accepting bookings for the 2025 season. The businessman additionally claimed that he ...

To the president of Cyprus, I listened to your position regarding auctioning property before the true amount owed was determined by a court. My daughter and I are caught up ...

The Paphos real estate market experienced a slight decline of 17 per cent in the value of property transactions during the second quarter of 2023, according to George Mais, the president of ...

The value of properties sold in Cyprus during the second quarter of 2023 reached €1.52 billion, with the market showing signs of being impacted by the increase in interest rates, soaring inflation, ...

An arbitral award procured in violation of the principles of natural justice is subject to annulment Arbitrators are subject to review by the court, and where an arbitrator has committed ...

An immovable property is transferred and registered in the name of the trustee A person wishing to transfer an immovable property to a loved one or any other person, can ...

Luxury properties valued above €400,000 were the driving force in Paphos’ housing market in 2022 Cypriot firm Ask Wire on Thursday released a report examining the Paphos property market for 2022, including an ...

AN estate agent, in the exercise of his profession, provides mediation services, with the aim of carrying out a real estate transaction between a seller and a buyer. The relationship ...

A total of 1,929 apartments and 864 houses were sold during the previous year Cypriot firm Ask Wire on Wednesday released a report detailing real estate sales, including houses and apartments, in ...

It presupposes the issuance of a title deed and failure by the buyer to fulfil his obligations to the bank A collateral assignment agreement is commonly used by a property ...

A 48 per cent increase in the number of foreign tourists visiting the north was recorded during the first four months of this year compared to the same period last year, ...