The burning issue of rents
In recent months, the problem of high rents has been all over the media. High rents cause social problems, especially for young couples and the lower paid, and discourage students ...
Issuance of a contradictory order of the court
The existence of an eviction order does not permit a new order to be issued without annulling the original one
When a court order is issued to recover possession of ...
Cyprus ‘disappointed’ with CoE decision on Titina Loizidou case
The government on Thursday expressed disappointment with the same-day decision by a Council of Europe committee to end the supervision process in the implementation of a prior European Court of ...
Bad tenant register suggested as way to normalise rental prices
Council for Registration of Real Estate Agents president Marinos Kineyirou this week released a statement addressing the issue of soaring rental costs in Cyprus.
“The troubling situation with rents is ...
Intention to transfer property to enclaved buyer
The director of the land registry notifies each affected person of his intention to transfer the property to the enclaved buyer
When examining an application by an enclaved purchaser, if ...
Searching for compromise over VAT on properties
Lawmakers and industry stakeholders remained unsatisfied on Monday with a revised government bill aiming to tweak the granting of reduced VAT on the purchase of primary residences, even as the ...
Donation agreement between parent and child
The donation agreement should be simple, clear and without reservations
A parent wishing to transfer property to a child should not leave pending matters which may create disputes between their ...
Record increase in price of villas in the north
There has been a massive increase in the prices of villas in the north but not in the Nicosia area, where they have dropped off, Turkish Cypriot press reported on ...
Real-estate sales up 39% in first half, ‘driven mainly by domestic demand’
Real-estate sales in Cyprus rose 39 per cent in the first half of this year over the same period last year as people turn to property as a safe investment in ...
Lease subject to the sale of a property
A condition in a lease agreement that in the event the property is sold the lease will be terminated is applicable
If a remedy is pursued in an application for ...
Lenders told not to foreclose on properties if Estia approval still pending
The financial ombudsman has advised banks and credit-acquiring companies to refrain from foreclosing on mortgaged properties before the definitive conclusion of procedures within the Estia housing loan subsidy scheme, otherwise ...
Cyprus property sales hit €1.3bn in first quarter of 2022
Property sales in Cyprus reached €1.3 billion during the first quarter of 2022, according to a report by the land registry released on Tuesday.
“The land registry data reflects the dynamic momentum ...
Cyprus property market should look to the West says industry expert
With the war in Ukraine causing a range of short and long term issues, with the global economy likely requiring years to recover, Cyprus should shift its focus to the ...
Banks asking for loan payments on collapsing Pissouri homes
‘It’s like rubbing salt on an open wound,’ say homeowners
By Bejay Browne
Even though homes in Pissouri that have either been destroyed or seriously damaged by an ongoing ...
Increased transparency to benefit property buyers
Real estate agents being granted access to property price data is beneficial to property buyers, Council for Registration of Real Estate Agents president Marinos Kineyirou said on Wednesday.
This refers ...
Resolving property disputes between spouses
The contribution in the acquisition of an immovable property is adjusted to its value at the time of the separation
Property relations between spouses vary from case to case depending ...
MPs work on making VAT on houses EU compatible
Lawmakers on Monday discussed how to tweak a government bill on VAT on houses so as to make it compatible with EU law.
The matter relates to a bill tabled ...
Cyprus property prices go up due to strong apartment demand
Property prices in Cyprus rose during the third quarter of 2021, a report by the Central Bank of Cyprus released on Friday revealed.
According to the central bank’s quarterly report ...
Order for the recovery of possession of property
If an issue arises during execution, the registrar applies to the court for directions
The order for the eviction and surrender of possession of a property, like any other order ...
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 ...