Cyprus Property Forum for Buyers, Sellers & Investors

Ok, I'm getting conflicting answers regarding offsetting expenses against this charge between Pantheman and Nigel ?? JMot what is SDC ? I've been given a fax number by Cyprus life to contact the authorities, a FAX NUMBER !!! I quoted you a 2022 document from Deloitte, one of the big four accounting...

a) Are you a tax resident in Cyprus or non-resident? b) If you are resident and domiciled in Cyprus, is rental income the only income you have worldwide? c) If you are resident but non domiciled in Cyprus, is rental income the only income you have in Cyprus? Without answering these 3 questions it i...

a) Are you a tax resident in Cyprus or non-resident? b) If you are resident and domiciled in Cyprus, is rental income the only income you have worldwide? c) If you are resident but non domiciled in Cyprus, is rental income the only income you have in Cyprus? Without answering these 3 questions it is...

Hello Nigel as I understand it the committee MUST take out a "Joint Building Insurance" covering Earthquakes Fire and Lightning to comply with the law,Only when they wish for any additional cover for example Public Liability for the committee Alternative Accommodation Firefighting Expenses etc etc ...

Hi Nigel Thanks for the prompt reply,the policy states "building including commonly owned areas" is this the same as a jointly owned building insurance ? if so my question is realy do you think Euro 500000 cover is enough for a complex of 40 odd appartments at circa 50 -60M2 each.Whilst at my Insur...

Hi Nigel have just recieved a copy of the Complex Insurance total of 44 Units in 4 blocks at around 50 M2 per unit, there is a Public liabity that states for any one event or period od insurance Euro 200000.00 Cost about Euro 290 per Annum and a "Common use Area" insurance (Earthquakes,Explosion ,F...

This is the article: https://www.news.cyprus-property-buyers.com/2022/02/26/soaring-rents-harm-job-market/id=00165230 The beginning is very contradictory, it first says that there is nothing the government can do about the disparities in the job market, which is totally false since in most of the EU...

I went through quite a few Limassol lawyers if anyone is interested in recommendations please PM. Let's start from the positive. I have found two legal practices that I could recommend: a big famous one (it is in the British High Commission list) and a smaller one (it is not in the list, but it is a...

I answer here to a post I made in December 2020, since I found the answer to my original question. It was confirmed by my solicitor that there is no law in Cyprus that regulates licenses on immovable properties (a lodger would be considered a licensee) the conditions written in the contract (or wors...

I am trying to purchase a long term residential lease on a property that can be registered at the land registry: https://portal.dls.moi.gov.cy/en-us/%CE%9F%CE%B4%CE%B7%CE%B3%CF%8C%CF%82%20%CF%84%CE%BF%CF%85%20%CE%A0%CE%BF%CE%BB%CE%AF%CF%84%CE%B7/Pages/REGISTRATION%20OF%20LEASE.aspx I understand that...

In addition this bit 'has to have been completed by the 31st of December 1999', did you know that a very recent Supreme Court ruling actually clarified the meaning of this statement by saying that just because a property was completed before 31/12/1999 does not mean it comes under the rent control ...

This week I spoke with a solicitor that deals mostly with property and rental law. Due to the ROC joining the EU and the prohibition of discrimination between nationals and EU citizens established in the EU treaties which supersede national law, "does not include a non-citizen of the Republic" nowad...

Hi Nigel, thank you very much for your detailed answers. on point (2) from the best of my understanding if the dwelling is located in Limassol city (my target) and was built before 1/1/2000, as soon as a tenant stays beyond initial term established in tenancy agreement, he/she becomes a statutory te...

My first post, I looked at the forum but I still have some questions on purchasing property to let as a Cyprus non-domiciled tax-resident: 1) I am looking at foreclosure sites and market places like Bazaraki and excluding holiday villas and any property which is priced above 2k eur per sqm (the yiel...