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6th July 2022
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Legal Matters

Pushback to VAT change on home buys

MPs are undecided on whether to pass a European Union directive reducing the size of homes entitled to lower 5% VAT or face hefty...

EU blocks ‘generous’ mortgage-to-rent scheme

Brussels has told Cyprus to hold its horses over a fresh attempt to throw another lifeline, a mortgage-to-rent scheme, to distressed borrowers to help...

VAT rate on first homes rethink

Faced with pushback from MPs and building industry stakeholders, the government on Monday agreed to - again - rethink parts of a bill providing...

New lifeline for defaulted borrowers

Cyprus is to throw another lifeline to distressed borrowers to help them keep their homes following its ESTIA scheme for toxic mortgages, which failed...

Cyprus mulls raising bar for expat retirees

UK pensioners eyeing a retirement home in Cyprus may have to rethink their plans, as changes proposed by the government on granting residence permits...

Lawyer Andreas Pittadjis fined

Andreas Pittadjis, a prominent Famagusta lawyer implicated in Al Jazeera's golden passport scandal expose that ended the citizenship for investment scheme, was fined €4,000...

Lenders told not to foreclose on properties

The financial ombudsman has advised banks and credit-acquiring companies to refrain from foreclosing on mortgaged properties before the definitive conclusion of procedures within the...

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