Buying an older apartment
As the value of modern apartments has been increasing on the whole, there has been increased interest in the older units.
If older apartments and buildings are maintained at an ...
Injunction prohibiting the sale of a property
The injunction secures the future execution of a court judgment
When filing a lawsuit, a plaintiff can apply for an injunction to prohibit the defendant from the alienation or encumbrance ...
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 to a restriction concerning the ...
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 by 0.14 per cent, for houses by 0.36 ...
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 4-7 years after completion) titles ...
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 a closer look at ...
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 island.
According to the council’...
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 its transfer, according to the provisions ...
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 and commerce ministry’s Energy Service ...
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 property or a business, through ...
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 register it with the land ...
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 an exceptional measure to cover ...
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 scheme after their loans had ...