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Larnaca apartment owners allege illegal utility connections and unauthorised lettings

The Management Committee of a Larnaca apartment complex has raised a series of complaints, alleging illegal electricity and water connections, apartments being used without owners' consent, overcrowded and unauthorised occupation, and threats against committee members. In a statement dated 2...

Cyprus lawyer faces 14 charges over €185,000 estate funds

A 47-year-old lawyer in Cyprus, who has not been named, has been referred to the Limassol Criminal Court to face 14 charges linked to the alleged theft and laundering of €185,000 from an estate she was appointed to help...

Cyprus to tighten golden visa rules ahead of Schengen move

Cyprus plans to tighten its golden visa scheme ahead of joining the Schengen area, the Deputy Minister for Migration has told MPs. Nicolas Ioannides said around 1,500 golden visas had been issued over the past two years. Authorities are also...

Cyprus homes bonanza as state plots offered at 75% discount

Families in Cyprus are being offered a major boost in the race to secure an affordable home, with state-owned plots set to be sold for just a quarter of their market value. The government has unveiled two new housing schemes...

EU affordable housing act will crack down on Airbnb

The European Union is preparing to give cities and regions new powers to curb short-term rentals such as Airbnb as part of a wider drive to tackle soaring housing costs; the measures form part of the European Commission’s Affordable Housing...

Jointly-owned building law scandal: how much longer will it take?

Cyprus property owners are facing another dose of parliamentary déjà vu as MPs reopen long-running discussions over jointly-owned buildings, with proposed legislation dating back years still nowhere near being agreed and approved. Six pieces of legislation are before the House...

Cyprus property owners face tougher rules on dangerous buildings

Cyprus is preparing to give authorities stronger powers to tackle dangerous buildings, with property owners potentially facing repair bills, fines and even demolition orders. The proposed legislation would overhaul the rules governing unsafe buildings and give District Local Government Organisations...

Parliament reopens debate on foreign property ownership in Cyprus

Parliament's Interior Committee is bringing back four proposals deferred during the previous parliamentary term, with changes aimed at tightening rules on foreign property ownership in Cyprus. The House of Representatives' Interior Committee will examine four bills at its first meeting...

Cyprus could gain powers to target short lets in housing hotspots

Cyprus could soon have firmer legal backing to change its short-let rules to restrict Airbnb-style rentals in areas facing proven housing pressure. But any action would depend on the island showing where that pressure exists and whether short lets...

Cyprus developers urge action on unsafe & jointly-owned buildings

Cyprus must make meaningful progress on unsafe and jointly-owned buildings during the new parliamentary session, according to the Property Developers Association (CPDA). The association says there is no longer room for further delay. It has called on the House of...

Essential Due Diligence

While buying property in Cyprus holds many opportunities, it also comes with risks. Carrying out due diligence before signing a sale agreement is essential to safeguard your investment, avoid legal complications, and ensure peace of mind.

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