Latest Headlines

All reports tagged with: "law"

Swiss Franc loan time bomb defused

The transition period provided for in the Statute of Limitation law that Cyprus introduced in 2012 and which was extended by six months in May has now been extended by a further 12 months.

IMF specialists to scrutinize Cyprus solvency laws

A reliable source has told CNA that a team from the IMF arrived in Cyprus yesterday and will meet all stakeholders in a bid to scrutinize the Cypriot solvency laws and provide recommendations for amendments.

New law enshrines rent reductions

Despite opposition to any rent control legislation and warnings that it would create new distortions in the market, the government passed a law last evening aimed at reducing rents.

Cyprus Property Action Group report

In its latest update, the Cyprus Property Action Group (CPAG) says that as a result of the persistent lobbying of the European Union and MEPs that changes will come about to resolve the problems in the island’s property industry.

MEP calls for Cyprus land law reform

During his review of the Cyprus presidency of the European Union, Sir Graham Watson MEP called for a reform of the island’s land laws and the establishment of a banking ombudsman.

Efforts to combat illegal real estate agents stepped up

Court orders have been issued against a number of unregistered estate agents in Cyprus, some of whom appear to be British, to stop them from practising until a final adjudication of their cases has been made.

Almost one in four properties are co-owned

Twenty four percent of properties in Cyprus, about 274,000, are co-owned of which the majority are located in Famagusta according to information received by MP Ionas Nicolaou of the DISY party.

Paying for my developer’s illegalities

A Pegeia resident demonstrates how the provisions of the Town Planning Amnesty enable ‘dishonest and devious developers’ responsible for planning infringements to escape the consequences of their actions.

Bill to give more powers to Land Registry Directors

Land Registry Directors may soon be given powers to ease the issue of Title Deeds to individual owners of co-owned property in cases where one or more of the co-owners refuses to cooperate.

What will it take to stop the rot in the property market?

This year has been a disaster for the Cyprus property market with the number of sales falling below those of 2009, the year the market crashed, and prices that are in a downward spiral with no sign of a recovery.

Back to top