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Archive for 2007

How do we ensure our Cyprus property is energy efficient

We have been living in Cyprus for a year and have decided to build a property on some land we’ve bought near Marathounta. The rented property we’re currently living in has no insulation, heating or air conditioning and it gets very cold in winter and very hot in summer. Is there anything we can do […]

Dolphin Acquires 80% of Aristo Cyprus Property Developers

Dolphin Capital Investors (Dolphin), the leading investors in the residential resort sector in south-east Europe, announced the acquisition of an 80% shareholding in Aristo Developers Plc. Dolphin has secured a 60% shareholding from Mr. Theodoros Aristodimou, the principal shareholder and founder of Aristo, in exchange for €128.7m and a 15% interest in the Dolphin vehicle […]

Documentation Required for Cyprus Property Title Deeds

What documentation do I need to produce in order to get the Title Deeds please Nigel? Answer To get your Title Deeds, the District Lands’ Office require the following information: A certified copy of the Council of Ministers’ permission to acquire the property or a Certificate of Permanent Residence issued by the District Administration Office […]

Common Expenses

Last year we took delivery of a new property in Cyprus. It is a holiday flat at Kissonerga in Pathos. A couple of weeks ago, we received a bill from the developer for what he calls ‘Common Expenses’. We sent him an email asking him to tell us what this is for but he hasn’t […]

The Cyprus Foreign Property Market

In advance of its Real Estate Index, the firm of Antonis Loizou & Associates has released some interesting facts and figures about the Cyprus property market. The statistics show that: Around 20% of the total real estate demand in Cyprus comes from overseas property buyers. Bearing in mind that non-Cypriots favour certain areas, this is […]

Buying Land in Cyprus

Buying Land in Cyprus Many thanks for the information about the roof for our property in Cyprus. In your reply, you say that our architect will be able to advise us of the costs of the various options. We don’t have an architect, but we’ve seen a plot of land we like and the person […]

Capital Gains Tax on the Sale of Property in Cyprus

Due to our increasing age and failing health, my wife and I have decided to sell our property in Cyprus and return to the UK. Someone has told me that we’ll have to pay Capital Gain Tax. Is this true? Answer Thanks for your email, I’m sorry to hear that you’re having to sell up […]

What Sort of Roof Should We Have?

We are planning to build our own home in Cyprus and I understand that you’ve done the same. We’ve seen a number of properties and visited a number of different building sites and we both have a good idea of what we want in our new home. We’ve seen many designs and styles of roofs […]

Can the Property Developer Do This?

Question I recently put a deposit on property in Cyprus; an apartment in Paphos. It’s a resale property that was bought by the present owners off plan. Unfortunately the developer who built the apartment is being awkward and is reluctant/refusing to sign the release(?) agreement. Can he do this? I understand the property is registered […]

Cyprus Warns Foreign Companies to Refrain from Land Deals in North

INTERIOR Minister Neoκlis Silikiotis said that companies which engage in illegal sale or purchase of Greek Cypriot properties in the Turkish occupied north of Cyprus will not be allowed to operate in the Republic of Cyprus. The Minister made the comment after a meeting with US Ambassador to Cyprus Ronald Schlicher during which they discussed […]

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