Cyprus Property News magazine for overseas buyers & real estate investors

Thursday 9th July 2020

Jointly Owned Buildings

You have insurance but are you insured?

Jointly Owned Buildings Nigel Howarth -
The heavy winter rains have resulted in many insurance claims but as many have found to their horror, although their insurance premium has been paid, they discover that they're not insured when they make a claim.
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Swimming pool laws set to hit tourism revenues

Jointly Owned Buildings Bejay Browne -
Barring a miracle, swimming pools in privately owned complexes, such as the Royal Seacrest in Kato Paphos, will remain closed this year affecting tourist revenues and local businesses.
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Communal fees – sinking fund

Jointly Owned Buildings Nigel Howarth -
Some Management Committees in Cyprus have set up a 'sinking fund'; money set aside to replace/renew/repair items like swimming pool equipment, watering systems, external redecoration, etc.
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Complex management seminar

Jointly Owned Buildings Nigel Howarth -
The Almyra hotel in Paphos is the venue for a free seminar to be held in November covering communal ownership, management committees and general management of communal areas.
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The Cyprus swimming pool nightmare

Jointly Owned Buildings Christiana Achilleos -
Taking criminal proceedings against owners and Management Committees who fail to comply with the swimming pool law and regulations will damage the Cypriot economy - especially tourism.
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Swimming pool owners face court action

Jointly Owned Buildings Nigel Howarth -
The owners of unlicensed communal swimming pools are facing court action following inspections carried out by the Paphos Municipality who insist that pools must be licenced, inspected daily and a lifeguard appointed.
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Management committees fall foul of law

Jointly Owned Buildings Nigel Howarth -
A number of management committees, which manage and administer jointly-owned buildings in Cyprus, have recently found their bank accounts frozen due to a law introduced in 2017.
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Calculating communal fees

Jointly Owned Buildings Nigel Howarth -
Communal fees are required to pay for the insurance, maintenance and repair of apartment buildings in Cyprus and other types of building complexes that contain common areas and shared facilities.
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Swimming pools law to change?

Jointly Owned Buildings Nigel Howarth -
Laws and regulations regarding the design, construction and authorisation of swimming pools may soon be revised as part of the package to reform Cyprus' complex and time-consuming planning system.
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Unlicensed pool owners in hot water

Jointly Owned Buildings Staff Reporter -
Auditor General Odysseas Michaelides has called on the police to bring the owners of unlicensed swimming pools to justice due to the serious safety concerns arising from the problem.
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TOP STORIES

Corrupt lawyers continue to plunder estates

Legal Matters Nigel Howarth -
Corrupt lawyersin Cyprus continue to plunder the estates of their deceased clients by calculating their fees for administering estates on the Cyprus Bar Association's 'Minimum Fee Regulations', which were abolished in 2018
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Cyprus house price index up 2.5 per cent

Property Prices Nigel Howarth -
The Cyprus house price index rose by an average of 2.5 per cent in the first quarter of 2020 compared to the previous quarter according to official figures from the Cyprus Statistical Service (CYSTAT)
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MPs commit to expedite citizenship bills

Investor Centre Elias Hazou -
MPs have committed to expediting the bills and regulations aimed at improving the transparency of the citizenship-by-investment programme, so that the items can be voted on before the House breaks for the summer recess.
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Decision soon on Pissouri homes devastated by landslide

News Elias Hazou -
The government said Monday it will soon have in hand the recommendations of experts concerning the landslide in the area of Pissouri, which has seriously damaged dozens of properties throughout the years.
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