Insights
Insightful Perspectives with Meaningful Impact
District Court clarifies the status of charge/memo on real estate entered prior to the stay of a judgment debt
Under Cyprus law, a judgment creditor is entitled to submit and request the registration of a judgment comprising a monetary debt with the competent Land Registry and such registration immediately creates an encumbrance on the - Read More...
Who’s Who Legal: Real Estate
We are delighted to announce that our partner, Mr Harris Kyriakides, has been selected by Who ‘s Who Legal independent research with clients, for recognition in the 2018 edition of “Who ‘s Who Legal: Real - Read More...
Modernisation Of Mortgage Laws In Cyrpus
The Republic of Cyprus has now introduced amendments to the laws governing mortgage of immovable property, which simplify the process of re-mortgaging and minimising the costs involved in such transactions. The rationale behind this - Read More...
Harris Kyriakides among the leading Real Estate Practices in Cyprus
We are delighted that Harris Kyriakides has been identified by “Who’s Who Legal” 2017 as being among the leading Real Estate Practices in Cyprus. Based on an independent research with the directory’s clients and peers, - Read More...
Housing Amnesty: New legislation on issuance of title deeds for properties in Cyprus
Following a two-year period of comprehensive work and intensive, coordinated effort, with the involvement and contribution of numerous authorities, organisations and institutions involved in the construction industry, the House of Representatives has approved amendments of - Read More...
Cyprus introduces legislation for swift issuance of title deeds for Cyprus immovable property
Cyprus has enacted legislation that allows for the swift examination and issuance of title deeds to buyers of immovable property in Cyprus, notwithstanding problems that may exist on the part of the seller, such - Read More...
New legislation introduces tax relief on low value property
On 26 September 2013, the Cyprus House of Representatives adopted an amendment to the Immovable Property Tax Law, which provides that immovable property owners, with total immovable property value not exceeding €12.500 (1.1.1980 prices), - Read More...
Important guidance on the assessment of capital gains tax on Cyprus real estate sales
The Cyprus Supreme Court has recently adjudicated on the competence of the Director of the Department of Inland Revenue to reassess the value of a Cyprus property held by a Cyprus company, which was the - Read More...
Buying property in Cyprus made easier for non EU citizens
In an effort to boost the property market and enhance the attractiveness of Cyprus for foreign investment, Cyprus has implemented measures that allow for citizens of non EU countries to acquire more than one - Read More...
Harris Kyriakides wins recognition in Corporate Real Estate
Cyprus introduces tax free period in regard to property transfer fees
Pursuant to an amendment introduced on the 3rd of November 2011 by the Cyprus Parliament, Cyprus has now abolished the payment of transfer in regard to real property transactions. This measure, aiming to stimulate - Read More...
Fast track residence permits for purchasers of immovable property in Cyprus
The Government of Cyprus has introduced a new policy which provides favourable treatment on applications of third country nationals who purchase private residence in Cyprus, the value of which is equal to or above the - Read More...