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EU acts against Cyprus over estate agent curbs

Brussels considers that Cyprus’ estate agents law that imposes conditions on the professional requirements of estate agents from other EU member states is incompatible with European rules.

Common expenses & insurance in Cyprus

Those buying apartments in Cyprus and some other types of property often fail to appreciate that they are required to contribute towards the costs of insuring, maintaining and repairing those parts of the building/complex that they share with others.

Council of Ministers restriction lifted

We have been advised that non-resident EU citizens no longer require a Council of Ministers Permit to own property. We hope to be able to confirm this in the next few days.

EU court rules: Orams must demolish Cyprus house

The European Court of Justice has ruled that a judgement from the Republic of Cyprus ordering Linda and David Orams to demolish their house must be recognized by EU countries even if it concerns land in the occupied areas of the island.

Cyprus property disputes to be funded by UK investors

Buyers are all too often being mis-sold properties in Cyprus by developers or their agents at UK property fairs or “property seminars”, with Cypriot lawyers sometimes being part of the problem

Property awarded to couple after legal battle

A BRITISH couple came very close to losing their €680,000 property at Ayia Thekla in Cyprus when their developer sold it to someone else behind their backs. According to Yiannos Georgiades, the couple’s present lawyer, the two Britons set up a company and bought the property in Ayia Thekla, which they planned to rent out. […]

Capital Gains Tax on the sale of property in Cyprus

FOR those who have immovable property in Cyprus and are considering to sell it they need to be fully aware that any capital gain which arises from the disposal of their asset may be liable to Capital Gains Tax (CGT). This is particularly important to individuals who are not well rehearsed in Cyprus property and […]

Brit in property dispute gets no relief from Attorney General

OPENING a new can of worms for Cyprus property owners, the Attorney General has told a British buyer his developers had not committed any crime by effectively re-selling a house legally registered in his name. The three-line letter to Conor O’Dwyer, who is engaged in a high-profile dispute with the developers over a house in […]

What hope for justice in Cyprus?

WHEN Interior Ministry official Savvas Ioannou was questioned by Jean Christou about the ‘Immovable Property Tax Scam’, he was reported as saying: “This is not a matter where the state can intervene, but if a buyer feels that any term in the contract is abusive, this can be examined by the courts in the context […]

Cyprus property lawyer says contract cancellation fees are illegal

A major problem has been created by greedy property developers who insist on claiming cancellation fees from purchasers. The developers try to take advantage of buyers who wish to re-sell property purchased without a separate title deed.

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