Basic Information before the Purchase of Immovable Property
What do I need to know? 1. Three (3) ways to purchase immovable property• Purchase of immovable property with immediate transfer of certificate of registration (title deed).• Purchase of immovable property through a Sale Contract (SLC).• Purchase of immovable property from a current purchaser (not an owner) through assignment of the Sale Contract.2. Choosing the […]
Deposit of Contract of Sale of Immovable Property
The Sale of Land (Specific Performance) Law No. 81(I)/2011 The Sale of Immovable Property (Specific Performance) Law, No. 81(I)/2011 entered into force on the 1st of August 2011, replacing the previous Legislation, regulating the specific performance of Sale Contracts. The new legislation introduces provisions for the enhancement and upgrading of the protection of purchasers, provided […]
Title Deed Registration Update
Registration modernization means the registration of real estate, which results from the replacement of an existing registration or registrations with a new registration or registrations, due to a change in real estate (such as if buildings have been built or demolished or drilling has been excavated) and includes registration commonly owned building and commonly owned […]
Property divisions, boundary readjustments, boundary amalgamations, street widening and building or other property registrations.
Cadastral field surveys carried out by private surveyors Applicants to any District Land Office of the Lands and Surveys Department, requiring cadastral field surveys, have the option to choose between a governmental or a private licensed surveyor. Such works include the field surveys for land demarcations, vertical or horizontal (strata) property divisions, boundary readjustments, boundary amalgamations, street widening and building […]
Travel safely to Cyprus
Cyprus is now ready to welcome travelers from various countries. Having successfully dealt with the Covid-19 epidemic, we are glad to let you know, that you can explore our beautiful island once again. For further info regarding traveling back to your favourite destination, please click here Below link you can find the countries of origin […]
Which European countries have opened their borders ahead of the summer holiday season?
As European countries begin lifting COVID-19 restrictions, many people across the continent have begun thinking about whether they can have a holiday this summer. But where can you access and what is still off-limits? There is a mixed picture across Europe, with the usually easy travel across the Schengen Area restricted. Almost every country has […]
What is the PROPERTY DNA?
PROPERTY DNA® — what in the world could that be? To get to the answer — first think about this… Buildings are everywhere — we live in them, we work in them, and many of us manage them, in one way or another. In fact, shelter is one of the three basic needs of mankind. But even though we as human beings […]
New law regulating Airbnb and Booking.com and other self-catering accommodation rentals in Cyprus
ON FRIDAY January 17, the House of Representatives passed a new law, The Regulation of the Establishment and Operation of Hotels and Tourist Accommodations (Amendment) Law of 2020 N. 9(I)/2020 (also “the Law”), regulating the registration and operation of self-catering accommodation, which was subsequently published in the government’s Official Gazette on February 7, 2020. The […]
Cyprus Real Estate Law
Real Estate Agents Law: The Real Estate Agents Law 71 (I) as amended in 2017 is being published below: LAW REPLACING THE PREVIOUS LAWS OF REAL ESTATE AGENTS OF 2004 AND 2007 AND PROVIDES FOR REGISTRATION OF REAL ESTATE AGENTS, FOR THE PRACTICE OF THE REAL ESTATE PROFESSION AND FOR OTHER RELATED ISSUES The House […]
THE SALE OF IMMOVABLE PROPERTY (SPECIFIC PERFORMANCE) LAW 81 (I)/2011
How to safeguard your rights arising from the purchase of immovable property in Cyprus under a Sale Contract. The Sale of Land (Specific Performance Law) No. 81(I)/2011 provides the necessary protection to both purchasers and vendors. On the one point of view, the law provides that a buyer of immovable property may safeguard its interests […]