The Cyprus Appeal Court has unanimously dismissed an appeal lodged by a property development company against a decision by the Director of the Paphos District Lands and Surveys Department, ruling that disputed claims for communal expenses cannot prevent the...
More than half of the residential developments under construction in Nicosia have been found to have serious planning breaches, raising fresh concerns about the fast-track permitting regime and the unacceptable risks facing homebuyers.
According to findings from the Nicosia District...
Greek Cypriot refugees living on state housing estates whose homes have minor irregularities will soon be able to obtain title deeds, Interior Minister Constantinos Ioannou said on Tuesday.
The proposed legislation is expected to go before the cabinet on Thursday...
An anonymous complaint recently submitted to the Independent Authority Against Corruption has once again brought to light a serious case of alleged negligence involving a residential apartment development in Germasogeia.
The property in question is a block of apartments on...
A recent letter published in the Cyprus Mail by Mr Helmuth Porschen, entitled "Paying the price of a developer's mortgage", has once again thrown a harsh spotlight on the ongoing scandal of trapped buyers in Cyprus.
Mr Porschen's question is...
Earlier today Stockwatch published an article with revised details of the new legislative proposal aimed at resolving the long-standing issue of 'trapped buyers' in Cyprus.
Update - proposed law available online
The proposed law may be viewed and downloaded in the...
A new legislative proposal aimed at resolving the long-standing issue of trapped property buyers in Cyprus has emerged, but it appears to be a half-baked solution that only addresses part of the problem, and many thousands of buyers will...
MP Kostis Efstathiou has submitted a proposal to amend existing property law, aiming to bring greater transparency to property transactions and protect unsuspecting buyers from hidden legal and financial burdens and prevent them becoming trapped.
Under the proposed amendment to...
The Chairman of the Parliamentary Committee on Legal Affairs, Justice and Public Order, Mr Nicos Tornaritis, has written to the heads of the Association of Cyprus Banks and the Association of Credit Acquiring Companies (Vulture Funds), asking them to...
The Ministry of the Interior has announced an three month extension of the Urban Planning Amnesty Scheme until 23 June 2025.
Since the scheme started on 23 September 2024, a total of 948 applications have been submitted across Cyprus. These...
