News

Question about compensation for houses in Pissouri

08.03.2022 Some houses almost collapsed as a result of the continuous and accelerating landslide and were declared uninhabitable. Houses, gardens and pools are torn apart, walls and driveways crumble, roads..

MEPs plan to ban “golden passports” in the EU

08.03.2022 In his speech, Cypriot MEP George Georgiou said that investment schemes that could have stimulated the development of society ended up turning into a "passport manufacturing and issuing factory"...

MEPs press for EU-wide ‘Golden Passports’ ban

08.03.2022 The European Commission will very soon make a recommendation to all Member States regarding residence and citizenship permits under investment schemes, Home Affairs Commissioner Ylva Johansson said on Monday..

Value that tree house!

08.03.2022 Most people will simply calculate the total amount they paid for their home (i.e. the cost of buying a vacant lot plus the total cost of construction) and take..

A licence cannot be inherited

07.03.2022 The license expires and terminates upon the death of the licensee. A license to use property only gives the licensee the right to use the property, but does not..

Odd tales in real estate

07.03.2022 From time to time we write about some of the weird stuff going on in the real estate industry that catches our attention. There are various scams and other..

Banks want loan payments on Pissouri homes

07.03.2022 While homes in Pissouri that were either destroyed or severely damaged by the ongoing landslide are still collapsing, lenders have asked some owners who took out loans to buy..

Funds should invest in real estate

07.03.2022 After 42 years in the Cyprus real estate market, there are still reports of wrongdoing and wrong mentality. I was criticized by many when I wrote that the main..

Small decrease to housing loans rate for January 2022

03.03.2022 According to the Central Bank of Cyprus, the interest rate on household deposits with an agreed maturity of up to one year remained unchanged at 0.06% compared to December..

FinMin: No significant impact on banks from sanctions against Russia

03.03.2022 The economic sanctions imposed on Russia will not have a significant impact on the banking system of Cyprus, as local banks are minimally affected by the Russian economy and..

EIB Vice-President pays official visit to Cyprus

03.03.2022 The Vice President of the European Investment Bank (EIB), Liliana Pavlova, who is in charge of lending operations in Cyprus, will pay an official visit to Cyprus on March..

Rising prices are a challenge for everyone

03.03.2022 The steady rise in property prices is a serious problem that has not been adequately addressed by the government, said Yiannis Misirlis, founding director of the Limassol construction company..

FinMin: The Cyprus banking system has no exposure to Russia

02.03.2022 The economic sanctions imposed on Russia after the invasion of Ukraine do not affect Cyprus to a large extent, since the island's banking system is not connected to Russia,..

Procedure for contempt of a court order

02.03.2022 The procedure is carried out on the basis of sworn testimony, with the exception of the right to cross-examination. The courts have the power to issue orders, interim or..

Ready-made solutions for buying a house and apartment from Altamira

28.02.2022 We found ready-made vacant houses and apartments through Altamira Real Estate's weekly newsletter, which includes a total of 58 new properties. The unique opportunities that we have decided to..

P. Ioannou succeeded in suspending the auction of professional housing

28.02.2022 The real estate auction, scheduled for March 7, has been suspended after accepting the financial commissioner's proposals, Pavlos Ioannou himself said on Thursday, noting that the cancellation of the..

Real Estate Agents: Access to comparative sales increases transparency

28.02.2022 The Department of Land Registry and Surveying recently provided access to comparative real estate sales data to licensed real estate agents, members of the Real Estate Registration Board. This..

GoResidential: Houses, apartments and plots from € 105,000

28.02.2022 Gordian offers houses, apartments and residential plots to all those who are considering buying a home for personal use or for investment. Interested parties are invited to explore a..

Limassol holds the scepter in luxury houses and apartments

28.02.2022 The market for luxury houses and apartments in 2021 remained stable, despite the termination of the investment program of Cyprus. According to the PwC Cyprus Cyprus Property Market Report,..

RCB Bank: Irena Georgiadou new member on Board of Directors

28.02.2022 Following regulatory approvals from Nicosia and Frankfurt, the Board of Directors of RCB Bank Ltd appointed Ms. Irena Georgiada as its member at today's meeting. On February 24, 2022,..

CBC: Measures in place to limit impact of Ukrainian crisis on Cyprus’ banking sector

28.02.2022 The Central Bank of Cyprus (CBC) in a written statement assures that the necessary precautions have been taken to minimize any impact of the war in Ukraine on the..

Confidentiality agreements

28.02.2022 Confidentiality must be guaranteed in commercial transactions. Each transaction includes elements of confidentiality, especially in relation to the sale of assets, property, shares or in the case of brokerage,..

Rising property prices a challenge for everyone

27.02.2022 The public and private sectors must work together to consolidate the real estate market. The steady rise in property prices is a serious problem that is not being adequately..

Making good decisions on property compensation

26.02.2022 There should be an explanation of what is considered a loss of the right to use property and compensation for it. The topic came up in court cases where..

Send an enquiry