Latest Headlines

News

Cyprus real estate agents criticize state

The real estate agents have criticized strongly the state for the latest increase in the price of properties, since they believe that it is receives not a negligible sum from the value of sale. “A study revealed recently that 30% of the value of properties go to the state funds. The only way out is […]

One Good Deed Deserves Another

LAST YEAR a law was passed that, supposedly, would have made it easier for buyers of apartments to obtain title deeds for their properties, title deeds for which they had been waiting for years. Although the law was hailed as major breakthrough at the time it has proved ineffectual, with big waiting, its only achievement […]

Opposition MP Bids to Break the Deadlock on Title Deeds

An amendment to the law regarding the issuing of title deeds for property buyers is being sought by a DISY deputy in an effort to combat the huge delays facing property buyers caused by the recent property boom. Last October, a law was passed with the aim of speeding up and simplifying the complicated procedure. […]

New Rights Planned for Cyprus Property Buyers

A bill being drafted by parliament seeks at long last to arm property buyers with an arsenal of weapons against unscrupulous property developers, though it remains to be seen how effective its application will be. The move aims to address the thousands of cases where someone paying for a plot of land, an apartment or […]

Developers Dragging Their Feet on Title Deeds

Three months after passing a law on title deeds, authorities are discovering that incentives given to developers to legitimise illegal constructions are not as appealing as had been hoped. The law passed last March allowed owners of houses or apartments that violated building regulations to pay a certain amount to the Town Planning department and […]

Paphos looks into Sand Houses

The Paphos District Officer has initiated litigation against the developers and civil engineers involved in building a residence on soft soil, in what is the latest case of reckless and dangerous construction. It is known that a number of Cyprus properties, particularly in the Paphos area, have been built on unsuitable ground. In several cases, […]

Peyia Development Probe

Interior Minister Andreas Christou has set up a three-member committee to examine possible building violations in the Coral Bay area near Paphos. Christou acknowledged yesterday during a visit to Peyia the existence of irregularities with a number of Cyprus property developments in the area. Peyia Municipality has come under attack over development in the Coral […]

Architects Blast Authorities for Building Permit Delays

Lengthy delays in obtaining town planning and building permits for new buildings can squarely be blamed on the antiquated practices of the Town Planning Department and local municipalities, the President of the Architects Association, Costantinos Costandi, said yesterday. The issue of town planning and building permits has long plagued construction in Cyprus, with lengthy delays […]

House Opens Way to Release Title Deeds

Parliament has unanimously approved a bill that would enable thousands of joint owners of illegitimate residences or land plots to secure building licences and title deeds, although under strict conditions. The bill, drafted primarily by deputies Demetris Syllouris (independent) and DISY’s Maria Kyriacou, hopes to set in order a “complex social and economic problem that […]

Back to top