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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.

Transfer fee abolition/reduction law published at last!

After nearly a month since MPs voted unanimously to abolish/reduce Property Transfer Fees for a period of six months, the amended law has finally been published in the Cyprus Government Gazette.

An end to greedy developers extorting cancellation fees

The days when greedy property developers could extort contract cancellation fees from purchasers who wished to sell a property in Cyprus before its Title Deed had been issued have come to an end.

We will get your Title Deeds for a price

A number of organisations have contacted buyers who have yet to receive Title Deeds for their property offering to apply for their issuance under the recently passed ‘Town Planning Amnesty’ laws.

New law boost for Cyprus property buyers

Today’s Cyprus Weekly carried a report on the new law passed by parliament earlier this month concerning buyers trapped by developers’ mortgages.

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