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Monthly Archives: October, 2019

Legal Matters

Eviction of non-paying tenants to be made easier

Editorial -
The eviction of tenants who deliberately fail to pay their rents or who fall into arrears should be made easier next month when amendments to the Rent Control Law are passed by parliament.
News

New homes building permits on the rise

Nigel Howarth -
Building permits authorised in Cyprus during July 2019 provided for the construction of 1,028 new homes, compared with 632 in July 2018 according to official figures published by the Cyprus Statistical Service.
News

Income tax statements mandatory for all

Editorial -
Every resident of Cyprus will soon have to submit an annual tax statement regardless of whether their income falls below the tax threshold of €19,500; failure to pay will be a criminal offence.
News

Cyprus property boom is not a bubble

Annie Charalambous -
The Cyprus Finance Ministry says that the boom in the Cyprus property market is not a bubble but acknowledges that the potential large-scale sell-off of properties by the banks could push prices down.
Investment

Citizenship scheme reaching saturation point

Editorial -
Cyprus' property developers and other stakeholders are concerned over the future of the construction industry as the Citizenship for Investment Scheme appears to be reaching saturation.
News

Cyprus hoteliers cry foul over new Airbnb law

Editorial -
The draft bill designed to regulate rentals through online Airbnb-type platforms has come under fire from Cyprus hoteliers who claim it allows short-term rental accommodation owners to compete without a handicap.

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