Read the article in English here Δάνεια που Διαχειρίζονται τα Vulture Funds Μέχρι το τέλος του 2024, οι Εταιρείες Απόκτησης Πιστώσεων, γνωστές ως vulture funds, διαχειρίζονταν συνολικά 20,3 δισ. ευρώ σε δάνεια στην Κύπρο. Σύμφωνα με την Κεντρική...
Property News & Tips
Read the article in Greek here Loan Holdings of Vulture Funds in Cyprus By the end of 2024, Credit Acquisition Companies, known as vulture funds, held €20.3 billion in loans across Cyprus. This was a slight drop from €21 billion recorded in mid-2024, according to the Central Bank of Cyprus. Of these loans, €10.3 billion were issued to individuals, while €10 billion were business loans....
Read the article in Greek here Urban Planning Amnesty: 699 Applications Submitted The Urban Planning Amnesty Scheme has received 699 applications since its launch on September 23, 2024. Designed to legalize minor planning violations, this initiative allows property owners to secure final approval and title deeds before the deadline on March 23, 2025. Breakdown of Applications by...
Read the article in English here Αστική Αμνηστία Δόμησης: Υποβλήθηκαν 699 Αιτήσεις - Το Σχέδιο Αστικής Αμνηστίας Δόμησης έχει λάβει 699 αιτήσεις από την έναρξή του στις 23 Σεπτεμβρίου 2024. Το πρόγραμμα στοχεύει στη νομιμοποίηση μικρών...
Read this article in English here Ανησυχίες για την Ταχεία Έγκριση Αδειών Οι Οργανισμοί Τοπικής Αυτοδιοίκησης (ΟΤΑ) στηρίζουν την επέκταση της ταχείας διαδικασίας έκδοσης αδειών σε έργα μεσαίου ρίσκου. Ωστόσο, εκφράζουν ανησυχία για...
Read the article in Greek here Concerns Over Fast-Track Licensing Local Government Organisations (LGOs) support extending the fast-track building permit process to medium-risk projects. However, they are worried about the lack of building inspectors to handle additional responsibilities. Staffing Challenges in LGOs Nicosia LGO President, Constantinos Yiorkadjis, highlighted the urgent need for...
Read the article in English here Η Κύπρος αποφάσισε να μην βάλει όριο στον αριθμό των ακινήτων που μπορεί να καταχωρήσει κάποιος για βραχυχρόνια μίσθωση. Παρόλα αυτά, το Γραφείο του Γενικού Εισαγγελέα απέρριψε την πρόταση, αλλά οι...
Read the article in Greek here Cyprus has rejected a proposal to limit the number of short-term rental properties a person or company can register. Cyprus Rejects Proposal to Cap Short-Term Rentals, and although the Attorney-General’s office dismissed the plan, discussions on how to regulate the growing short-term rental market, including platforms like Airbnb, are still ongoing. Purpose of the...
The Renovate and Rent scheme now offers improved tax incentives to increase affordable housing options. The Parliamentary Finance Committee reviewed revised bills that clarify rental income under this scheme will remain exempt from income tax and the special defence contribution as long as tenants meet the program’s income requirements. Tax Benefits for Property Owners Although the rental income...
The building amnesty program aims to help property owners legalize small-scale planning deviations and secure their Title Deeds. However, Interior Minister Constantinos Ioannou announced that far fewer applications have been submitted than expected since the program’s launch in September. Low Participation in the Amnesty Program Although the amnesty was designed to run for six months, only 550...