Cyprus is an extraordinary place to live and is right now a great area to move or let your property as well. In the last 5 months of 2018, the island experienced an expansion of 30% to 6,619 property sales contrasted with 5,361 the same period in the previous...
Did you read our common property questions Q&A part 1? Q. We received an offer on our property which we duly accepted. (without title deeds but the property has an AX number). However, the purchasers withdrew their offer as their Solicitors established that the developer has a mortgage on...
The terms of a contract regarding an exchange of immovable property, where no exact time of transfer has been specified due to the Title Deeds awaiting transferal. "An incomplete contract?" you may gasp, however this has become standard practice in Cyprus, where many property owners on the island...
Each major city in Cyprus has an “Old Town” district where the streets and buildings have been conserved to represent their original Greek styles and architecture. As a result of this, there are many areas of entirely listed buildings; and as such, are all privy to preservation orders...
In the event that a person owes an outstanding debt to a lender in Cyprus; (going forward referred to as the borrower) any consequent action to separate or alienate movable or immovable property aiming to defraud a creditor are considered to be fraudulent and as such can be...
Buyers and sellers alike are wary of the current situation with the Cyprus real estate market. While resolution for trapped buyers during 2018 is well underway; it can still be off-putting for those wanting to invest in the Cyprus property market. However if you looking to sell a property...
As per the amendments to the Cyprus VAT Law N.95(I)/2000, authorities in Cyprus now imposes VAT to be charged on all sales of undeveloped building land by individuals exercising economic activities. What constitutes economic activities? Article 3 of the aforementioned VAT Law, precisely states business to mean any economic...
If you are looking to buy land or property for the purpose of renovating, the following article will examine the requirements and particulars associated with the legal process of starting construction in Cyprus. The Cyprus Municipal Council has the power to issue a building permit under which business or...
In order to legitimately transfer or donate assets, funds or immovable property from one person or legal entity to another in Cyprus, a valid and legally biding contract must be established. In order for the contract to be hold its own in a court of law, each party...
The Cyprus House finance committee discussed a bill submitted by the government designed to attract foreign investment into the housing market on the island. There have been recent plans to clarify and streamline regulations regarding AIFs (Alternative Investment Funds) which in turn harbour a more competitive environment. The bill...
