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Jointly Owned Buildings

Making changes to your apartment

Owners of apartments in Cyprus should soon be able to make alterations to their apartment within a 'jointly-owned-building' without...
Investment

Short-term lets must be properly regulated

The Association of Cyprus Tourist Enterprises (STEK) on Thursday issued a warning against the dangers posed by short-term rentals,...
Legal Matters

President signs controversial foreclosure law

A controversial foreclosure bill has been signed into law in the Republic of Cyprus over the objection of the...
Jointly Owned Buildings

New Jointly-Owned Buildings Law drafted

Anyone who's had dealings with the Jointly-Owned Buildings Law will agree that it's in dire need of revision. I...
Investment

British Bases deal triggers real estate prospects

Cypriots owning land in non-military areas inside the British Bases can sell or develop their property, following a milestone...
Legal Matters

License to rent your property Q & A

The article I published on 24 November 'How to get a license to rent your property' raised a number...
Latest News & Updates

Cyprus to revoke passports of foreign investors

Nicosia is set to revoke Cyprus passports from at least 26 suspect investors as soon as the House of Representatives passes a law on tighter controls approved by cabinet earlier this week.
Latest News & Updates

Airbnb-style rentals bill moves a step closer

A bill to regulate Airbnb-style short-term rentals moved a step closer following meetings between the heads of Airbnb and booking.com and the Deputy Minister of Tourism Savvas Perdios.
Latest News & Updates

New trapped buyers bill vote tomorrow

A revised 'trapped buyers' bill designed to overcome the problems of the current law, which was introduced in 2015, and enable thousands of trapped buyers to get Title Deeds will be put to a vote tomorrow.
Latest News & Updates

Delay vote on foreclosure law changes MPs urged

The Finance Minister and the banking industry have urged MPs to delay voting on changes to foreclosure law at least until we have a picture on whether the Estia debt relief scheme delivers.
Latest News & Updates

Property auction process may get harder for banks

Opposition parties trying to introduce legislation designed to slow down the property auction process by introducing twelve points, but have yet to get the required majority for it to pass.
Latest News & Updates

Cyprus hotels pushing for Airbnb legislation

The Cyprus Hotel Association is pressing MPs to pass a bill regulating Airbnb type rentals that has been on the table for nearly a year to combat what hoteliers consider as unfair competition.
Latest News & Updates

Agreement close on Airbnb type rentals

Agreement on a bill designed to regulate and tax rental income on Airbnb type rentals is close but a key question remains concerning short-term letss of apartments in residential areas.
Latest News & Updates

Final solution for trapped buyers?

The Finance Ministry is seeking a final solution that will enable trapped buyers who were duped into buying property built on land that their property developer had previously mortgaged to the bank to get their Title Deeds.
Latest News & Updates

Reprieve for trapped buyers

The Cyprus government has vowed to continue issuing Title Deeds to trapped buyers despite the recent court rulings that left them in legal limbo according to a report in the Cyprus Weekly.
Latest News & Updates

Banks to take hit on Swiss Franc loans?

The majority of the House Finance Committee wants the Cyprus banks to take a hit of around €170 million on €1 billion of Swiss Franc housing loans despite objections raised by the Cyprus Central Bank.
Latest News & Updates

Banks to recoup loans by ‘hook or crook’

Banks must find a way to recoup loans granted to insolvent developers once 'trapped' properties are released to home buyers, Interior Minister Socrates Hasikos said following a joint session of the House interior and finance committees.
Latest News & Updates

Draft loan sales bills leaked

Details of the draft legislation designed to facilitate the sale of bank loans (one of the pre-conditions for Cyprus to receive the next tranche of the bailout loan) has been leaked to the media.
Latest News & Updates

MPs focus on foreclosure regulations

Cypriot MPs are continuing their discussions on the rules regulating the auctioning of properties that will enable the new repossession laws, which were passed in April, to come into force.
Latest News & Updates

Insolvency framework bills passed

After the usual shenanigans we've come to expect from opposition parties and endless debates, the five bills comprising the insolvency framework were passed by a plenary session of parliament earlier today.
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