September 2025

Purpose of the Appointment The Appointment of a Provisional Liquidator in Corporate Law serves as a protective measure to safeguard a company’s assets from imminent risk. When trust and communication between directors break down, and decision-making becomes impossible, a management deadlock can arise. In such cases, filing a winding-up petition may be justified. Under Section 227 of Cap.113, the...

Push for Direct Grants Over Tax Breaks The Cyprus Property Developers Association (CPDA) is urging the government to strengthen incentives for sustainable housing. In its latest statement, the association stressed that Developers Push for More Green Housing Support in Cyprus by asking for direct state grants instead of the proposed €1,000 per spouse or partner tax exemption for eco-upgrades. Grants,...

Rising Costs Put Pressure on Housing Rising Construction Costs Threaten Housing in Cyprus, as highlighted in Brussels by Stephanos Pierides, secretary general of the Federation of Associations of Building Contractors (Oseok) and Head of Environmental Issues at the European Construction Industry Federation (Fiec). He stressed that escalating costs are worsening the housing shortage and making homes less...

Government Allocates Funding for New Homes The Cypriot government approved an additional €12 million for an affordable housing project in Strovolos, the Interior Ministry announced this week. The decision highlights how Cyprus invests €12m in new affordable apartments in Strovolos to meet growing demand for housing. The project, led by the Cyprus Land Development Corporation (Koag), will deliver...

Why Agreement Rectification Matters Cyprus’ new affordable housing schemes highlight the importance of clear legal frameworks, including the Rectification of Agreement Due to Fraud or Common Mistake, when contracts, grants, or property projects are involved. Since the launch last year, more than 560 applications have been submitted, showing both the demand for homes and the need for reliable...