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Monthly Archives: July, 2015

News

Building extensions amnesty slammed

Nigel Howarth -
Opposition parties have slammed the new measures to legalise formerly illegal building extensions announced by the cabinet yesterday claiming that they give favourable treatment to property developers.
News

Illegal building extensions amnesty

George Psyllides -
The Cyprus government is to introduce new measures to legalise formerly illegal building extensions by allowing people to add 20 per cent of their building's co-efficient until the end of 2020.
News

Title Deed regulations approved (updated)

George Psyllides -
The Cabinet has approved the Title Deed regulations needed to implement the 'hidden mortgages' law to protect home buyers in Cyprus who were duped into buying property that developers has previously mortgaged to the bank.
News

Cyprus property prices continue downward

Nigel Howarth -
Cyprus property prices continued to fall during the second quarter of 2015 according to the 23rd edition of the RICS (Royal Institution of Chartered Surveyors) Cyprus Property Price Index.
News

Reduced property transfer fees (update)

Nigel Howarth -
The law reducing the Cyprus Property Transfer Fees for transfers that take place before 31 December 2016 has been published and will be particularly welcomed by those waiting for their deeds.
News

Aristo innocent

Nigel Howarth -
Theodoros Aristodemou, the founder of Aristo developers and former chairman of the Bank of Cyprus and three others have been found innocent of all charges relating to the alleged illegal division land at Skali.

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