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...
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.
Judgment of the Court of Appeal regarding trapped buyers
The judgment addresses whether the decision of the Director of the Land Registry to transfer the property in the name of a trapped buyer and release the mortgage is consistent with the Constitution.
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...
Cyprus companies mandated to include contractual prohibitions for re-exports to Russia
As part of its ongoing efforts to strengthen sanctions against Russia and prevent the circumvention of export bans, the EU has introduced legal provisions, such as the ‘no re-export to Russia’ clause, effective as of - Read More...
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...
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).
Recent Court Judgment examining the validity of a mortgage due to the allegation of Forgery
In a Judgment dated 17 February 2023 Harris Kyriakides representing a reputable Cypriot Bank (the Plaintiff) successfully obtained a judgment against a Company under Liquidation (the Company) in a claim relating to a number of - Read More...
Gold Magazine “Large-scale real estate developments in Cyprus” featuring Harris Kyriakides
Discover an overview of our Real Estate Practice; our Real Estate team is featured in this month’s IMH Gold Magazine “Large-scale real estate developments in Cyprus”.