Property

The Deputy Ministry of Tourism talks about upgrading the quality of our tourism product, the local hotels and recreational places, both in terms of the buildings and facilities and the ...

As a country that is consistently developing and attracting more investment, Cyprus is becoming a hub for new sales opportunities at an excellent value. At CITR, a number of properties ...

‘It presupposes conduct incompatible with their profession’ Real estate agents, as well as other professionals whose profession is regulated by law, must conduct themselves accordingly, otherwise they commit a disciplinary ...

Buying property in Cyprus is not difficult due to the abundance of supply, however, selling your own property may be more difficult since you will have to compete against the ...

By Pavlos Loizou, Managing Director, WiRE FS It is a paradox that currently only a handful of people in Cyprus are still concerned with the matter of NPLs. Maybe they ...

‘The transfer of property without the free will of the donor may be cancelled as a result of undue influence’ A person with poor health is usually cared for by ...

People may not realise how much money there is involved in the renting out of sunbeds and umbrellas on beaches but, depending on the quality and size of the beach, ...

An attractive owner-occupancy proposal for Millennials at Sunset Gardens in Limassol The sudden abolition of the Cyprus Investment Programme last autumn in the middle of an already difficult period for ...

‘There is a need for reform of the relevant legislation for the acquisition of immovable property by aliens’ THE acquisition of immovable property by British citizens after December 31, 2020, when the ...

Increasing building costs, limited availabity of suitable housing units in central town areas, the burden of VAT, the lack of titles for new units, among others has turned housing demand ...

‘Fair rent does not mean reasonable rent but is the market rent minus the legislative exceptions’ THE determination of fair rent by court regarding houses and shops situated in a ...

“The service of the notice Type IA is done first by registered letter and not directly by a private bailiff” A mortgage creditor, in the event of a mortgage debtor ...

As the building industry grows, especially for residential properties, both houses and apartment buildings, the ability to quietly cohabitate becomes more and more important. Regrettably, there are no building regulations ...

“No writ of sale is issued, unless the debtor has no movable property” A creditor who secures a judgment against a debtor may register it as an encumbrance – memo – with ...

Notwithstanding that we’ve been involved in the real estate business for the last 42 years, we are still learning from our mistakes and ommissions, as well as from the various ...

With both a local and international clientele, Roomzly Interior Design Studio focuses on creating beautiful living spaces, built around your lifestyle. Today, after hard work, unparalleled commitment and satisfied customers, ...

The Covid pandemic has had various negative economic, social and health effects, but it has led to locals getting to know Cyprus’ rural areas, especially the mountain areas and those ...

By Pavlos Loizou, managing director, WiRE The Cyprus market for office space is expected to decline 10 per cent to 15 per cent as companies adopt the remote working model, Pavlos Loizou, ...

A recent report by international auditors PWC regarding the prevailing real estate market in Cyprus was of great interest. It looked at the reduction in real estate demand, which we ...

‘There is a remedy available to the landlord when the tenant’s reply is accepted by the court without payment of the rent’ THE new provision added to the rent ...

There has been discussion recently about the certificate of final approval (CFA) for someone to occupy a building or unit and whether such a thing is necessary. It is quite ...

“The letter of guarantee safeguards the fulfilment of transactions” A letter of guarantee constitutes a strong security of fulfilment of contractual obligations and gives credibility to the transactions. The letter ...

Spectacular sunsets, pristine sands, and expanses of clear turquoise water – the best of Cyprus beaches share these three elements. In seeking out these stunning beaches, many tourists around the world ...

“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 ...