Insights
Insightful Perspectives with Meaningful Impact
Harris Kyriakides advised Eurobank Greece on its acquisition of a landmark property at Kifissias Avenue
Harris Kyriakides advised Eurobank, acting via Grivalia Management Company, on its acquisition of 100% of the share capital of a Cyprus-based subsidiary of DIMAND S.A., securing ownership of the landmark property at Kifissias Avenue, now - Read More...
Harris Kyriakides advises Petrolina on its acquisition of ExxonMobil Cyprus
Harris Kyriakides advised Petrolina (Holdings) Public Ltd on its landmark acquisition of 100% of the share capital of ExxonMobil Cyprus Limited, a subsidiary of Exxon Mobil Corporation. The transaction remains subject to the approval of - Read More...
Who’s Who Legal Real Estate 2024
Who’s Who Legal, has recognised our partner Andrea Newton as leading real estate law practitioners in Cyprus in its 2024 edition of WWL: Real Estate.
Constitutional Clarity: The decision of the Court of Appeal on Cyprus Law in relation to the provisions 44ΙΗ – 44ΚB of the Transfer and Mortgage of Real Estate Law of 1965 (9/1965)
A recent judicial ruling declared unconstitutional the provisions contained in the articles 44IH – 44KB of the Transfer and Mortgage of Real Estate Law of 1965 (9/1965). The abovementioned articles regulate the process of issuing - Read More...
Judgment of the Court of Appeal regarding the amount due and interest on Notice type IA
The judgment deals with the content of Notice type IA in relation to the specification of the amount due and the interest.
Amendment to the Sale of Land (Specific Performance) Law, Cap. 232
In an effort to protect the interests of purchasers of immovable property, the amended Sale of Land (Specific Performance) Law (132(I)/2023) (the Law) came into force on 12 December 2023. Essentially, the Law simplifies the - Read More...
Amendments to the Transfer and Mortgage of Property Law Ν. 9/1965 concerning the Mortgage to Rent Scheme.
Cyprus Parliament modifies the Transfer and Mortgage of Property Law Ν. 9/1965 in order to suspend the foreclosure process in cases where mortgagors apply to the Mortgage to Rent scheme.
Rent against installment scheme
In the text below, reference is made to the Rent against installment scheme, the purpose of it, who could join it and the benefits and drawbacks of the scheme.
Suspension of the foreclosure process and Laws adopted by the House of Representatives on 06.07.2023
The article refers to the suspension of the foreclosure process until 31.10.2023 and the amendments to the Transfer and Mortgage of Property Law which has been introduced by the House of Representatives.
Bill which proposed the amendment of the Transfer and Mortgage of Property Law of 1965 (N.9/1965)
The Transfer and Mortgage of Property (Amended) (No. 5) Law of 2023 (the Bill) was introduced in the House of Representatives on 25/5/2023. The purpose of the Bill is to safeguard the mortgagor’s and other - Read More...
New bill allows reduced 5% VAT on first homes
The House of Representatives passed a new bill for discounted VAT on the first 130 square meters of a first home.
Landlords allowed to request up to 6% increase in rent until 2025 after 10 years
Council of Ministers issues an order applying a cap of 6% on rent increases for properties falling under the remit of the Rent Control Law of 1983 as amended (the Law).