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20th April 2024
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Yearly Archives: 2017

Legal Matters

Unfair contracts languishing at Legal Service

George Psyllides -
Fifty two decisions by the Cyprus Consumer Protection Service relating to unfair contracts have been languishing at the Legal Service for two-and-a-half years instead of being brought to court.
News

November property sales up 39%

Nigel Howarth -
Property sales in Cyprus rose 39 per cent in November compared with November 2016 with sales increasing in all districts according to official figures from the Department of Lands and Surveys.
Legal Matters

Specific Performance Law – depositing contracts

Nigel Howarth -
Cyprus' replacement Specific Performance law, which came into force in 2011, provided that contracts of sale that were signed but not been lodged at the Land Registry to be lodged within six months of the law coming into force.
Marinas

Paphos marina – call for President to intervene

Bejay Browne -
Kissonerga community council is drafting a letter calling on the president to intervene to ensure that the construction of the Paphos marina at Potima goes ahead as quickly as possible.
Articles

Reduced VAT on property purchase

Nigel Howarth -
Those buying a property in Cyprus as their main residence may apply for a reduced rate of VAT of 5% on the purchase price/construction cost of a new dwelling providing they meet certain criteria.
News

Another stab at resolving the Title Deeds mess

Elias Hazou -
The Cyprus government to take another stab at resolving Title Deeds mess created by nefarious developers who duped people into buying mortgaged property as the law passed in 2015 failed to fully address the problem.

Top Stories

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Established in 2004, Cyprus Property News is the Island’s leading on-line resource for overseas home buyers and property investors.

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The mission of Cyprus Property News is to provide anyone looking to buy property in Cyprus with up-to-date factual information, without the usual marketing hyperbole and exaggerated claims, to help their buying decisions and to help them avoid making costly mistakes.

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