Petrides: days of cheap energy and money are over
Finance Minister Constantinos Petrides warned on Monday that “tectonic shifts are underway” as he warned that the days of cheap energy and cheap money are over.
Petrides made the comments ...
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 ...
Four Limassol hotels will accommodate Tepak students amid rental crisis
Four Limassol hotels have shown interest in housing students from the University of Technology (Tepak), offering a total of 162 beds for specific periods of time, it was reported on Wednesday.
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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 ...
Tepak students use tents to protest high rents (Update)
The start of the academic year got off to a rocky start in Limassol as students from the Cyprus University of Technology (Tepak) set up tents on campus to protest ...
Students being forced to ditch studies over high cost of rents
University students in Limassol are forking out anywhere from €800 to €1,200 a month for renting a single-bedroom apartment, with many of them forced to ditch their studies as they can no ...
Solutions to the rent problem
A good effort by the Cyprus Land Development Organisation (ΚΟΑG) to offer properties for rent (residential) at affordable levels. The announcement by this organisation and Limassol municipality to help lower ...
Students group wants law for rent ceilings
The Proodeftiki student movement has demanded that legislation was amended to allow the state to impose ceilings on rents, which would make them affordable for students.
In an announcement issued ...
Insufficient protection of landlord against rent default
The law does not provide a mechanism for the collection of rent deposited with the court
The owners of properties subject to the rent control law are not sufficiently protected, ...
The real estate market determines rental values
Prevailing real estate market conditions affect rental values of properties accordingly, though for those subject to rent control there is the protection of the court. Determination of fair rent in ...
Landlord refusing to collect rent
Their refusal gives a tenant the right to be heard even though the rent has not been paid
The behaviour of a landlord and a tenant is examined by the ...
Side effects of ECB policies hindering sustained economic recovery
In the aftermath of the global financial crisis central banks substantially lowered interest rates to support the recovery of their economies. In fact, the ECB by September 2015 had reduced its ...
House approves law for tax breaks for landlords renting to businesses
Parliament on Thursday passed two items of legislation granting tax breaks to landlords who voluntarily reduce their rents to businesses financially stricken by the coronavirus-related restrictions.
The first bill provides ...
Coronavirus: Government rejects pleas for direct subsidies on rents
The government on Monday held fast to its refusal to directly subsidise tenants suffering the economic impact of coronavirus-related restrictive mandates, insisting instead that offering landlords tax relief is the ...
Coronavirus: Tax breaks discussed for landlords who reduce rents
The House finance committee on Monday discussed two bills extending tax breaks to landlords who rent to businesses stricken by the coronavirus crisis, which aim at convincing them to voluntarily ...
Coronavirus: Rents exacerbating problems for shuttered businesses
In the second half of 2019 Akis and Jackie Shokkos were running a successful business in Larnaca, hoping they would soon be able to repay the bank loan they took out ...