Cyprus Property Lawyers
Property lawyers in Cyprus – Review – Gary Robb case- Completed on 15th August 2011 - http://www.lawcyprus.org
The first ever European arrest of a rogue developer selling properties on the Turkish Republic Northern Cyprus has been issued and the accused arrested.
UK national Mr Gary Robb is a convicted drug dealer. He escaped a prison sentence by fleeing to the north of Cyprus where he preceded in passing himself off as a developer and illegally selling many Greek Cypriot owned properties without title deeds of course, and also went on to sell properties on a large development which he then failed to complete and left the island. Leaving many people with unfinished properties and of course once again no title deeds.
However, he returned to the north after making a deal with the authorities and was later arrested by the police in the north and sent back to Cleveland the original place of where he had fled from the drug charges.
Under a new law that prohibits the illegal selling of Greek Cypriot owned properties on Northern Cyprus, once the European arrest warrant was granted the Cypriot police flew to England and the UK police handed him over as he had just finished serving a drug sentence. No luck for the wicked!
Mr Robb will now be interrogated and his case sent to the attorney general.
Well we could say better late then never for the new law to come into action but it’s like everything else in this Mediterranean island many people must suffer before anything is ever done!
These individuals who knowingly sell Cypriot owned property in the north are nothing more than con men and deserve to go to prison. They have purposely used the political situation to gain money and hurt a lot of people along the way and deserve to go to prison.
There are many developers who have done what Me Robb has done and we for one are happy that this new law has been implemented.
If you have any issues both on the north or the south of Cyprus regarding any property issues contact us immediately for a consultation.
PUBLISHED BY A&G KOUZALI LAW OFFICE ON 15TH AUGUST 2011 - http://www.lawcyprus.org
Property Lawyers in Cyprus – Review – Russian and Foreign Trends
We have to say we are quite envious of the area of Limassol coming from the East Coast ourselves.
Limassol appears to be claiming all the new and valuable development needed to bump up the tourism and property market. Works are already underway for a new luxury marina and an upgrade of the existing port which will bring in thousands of marina lifestyle and yachting fanatics holidaying and investing.
We have all heard how the Russians are going to take our island by storm this year and future years to come and Limassol may well and truly be the lucky recipients of this market also, with a brand new Russian Orthodox Church planned to be built by the end of the year.
This will be the biggest and main Russian Orthodox Church on the island attracting the Russian market to the area.
Limassol actually does accommodate for the Russian nationals on a whole having Russian speaking schools and places of worship already in practice.
This was an excellent step foreseen or not, due to the throngs of Russians on their way to Cyprus in the near future.
The Church will be named ‘St Nicholas Church’ and will cost in the region of five million euros. This is hoped to be funded by way of donations from the public.
A very affluent Russian business man has already pledged he will donate half a million euros to the place of Russian worship.
Title deeds to the land have already been transferred and plans of the church have been blessed so all is set to go. The design will boast traditional Russian style and may take a few years to complete.
This is excellent news for Limassol and the Russian Nationals. They will definitely feel more than welcomed.
We should also on the East Coast start to look at accommodating the trend in foreign nationals to help our areas survive and benefit from the international markets. Offering foreign education and places of worship are a must in today’s society. The Greek Cypriots alone can not keep this island up and running.
PUBLISHED BY A&G KOUZALI LAW OFFICE http://www.lawcyprus.org/areas-of-practice/cyprus-property-law/
Cyprus Property lawyers – review – Cyprus Title Deed Reform Delays
After all the controversy over the title deed issues, and the urgency in devising the 5 new legislations to form a new title deed procedure, we are still no closer to a solution.
We have to however, respect the efforts of Mr Syliotis Cyprus Interior Minister as his efforts towards this issue have been outstanding. It may have been along time coming but since the controversy broke out Mr Syliotis really has tired his best to have this matter resolved as quickly as possible.
Mr Syliotis recently slammed the house of parliament claiming MPs were delaying the legislation. We for one are outraged that further delays are evident. Why would MPs want to delay this strategy from coming into effect as soon as possible? What possible valid reason is there for not wanting to put public outrage to rest?
Last year we were waiting in anticipation for the 5 legislations to be passed then to be told there was a delay due to imperfections in the bills and discussions would resume after the summer break in September.
We are now in April 2011 and low and behold we are once again being told 2 of the 5 bills are still not ready.
This is very hard to conceive. The new reform will not only help many thousands of homeowners, clear the back log of deposited application and issue thousands of title deeds, but it will also bring in hundreds of thousands of euros each year helping the Cyprus economy.
We are asking the MPs outright what is the reasoning behind this we would like to know?
We would like to thank Mr Syliotis for his efforts. We feel he is the only politician who really tries to do something! We support him and we will continue the fight for Cyprus Title Deed Reform until public justice prevails.
PUBLISHED BY A&G KOUZALI LAW OFFICE
Property Lawyers in Cyprus – Review – Turkish Protests
Turkish Cypriots took to the streets again in a friendly protest but with anger in their hearts.
This was a planned protest to show Turkey and their Turkish Cypriot leader that they no longer want to be under Turkeys thumb, they no longer want to have to abide by Turkeys rules and they no longer want to live oppressed.
Turkey has imposed some unwanted budget cuts forcing over thirty thousand Turkish Cypriots to pull together and make a stand.
The measures forced on the Turkish Cypriots include Turkish government salary reductions, taxing pensions and reducing the non-taxable income limit by 7%.
These measures were agreed upon by the Turkish Cypriot leader and it is said that these cuts must be imposed otherwise the TRNC could face bankruptcy by the end of the year.
The Turkish Cypriots are also angry the government is not standing up to Turkey and agrees with all rules and regulations they impose!
The Turkish Cypriots do not want to be ruled anymore they want their lives back, they want to be independent and they also want a people’s government that is going to look out for its people.
These issues are a reoccurring story in several other countries at the moment and while the protests are friendly they are getting bigger and bigger and more and more Turkish Cypriots are jumping on board.
The Republic of Cyprus are still being blamed for these outbursts, albeit having whatsoever to do with these issues.
This is something that Turkey have done themselves and if Tunisia, Egypt, and Libya are anything to go by Turkish Cypriot Erdogan should really be looking at what his people are saying.
So what does this mean for Cyprus on a whole and how will this affect the Cyprus Political problem?
Tell us your thoughts we would love to hear from both the Greek and Turkish Cypriot communities?
PUBLISHED BY A&G KOUZALI LAW OFFICE
Property Lawyers in Cyprus – Review – Cyprus Title Deeds
In a bid to try and combat the islands Town Planning and Title Deed issues a brand new Town Planning and Housing department is due for total restructure and development.
The actual new Town Planning and Housing main office in Nicosia will be a new development constructed to a very high modern standard and is said to be completed by the latter part of 2012.
The restructure of the Town Planning departments will see all departments throughout the island work with one main frame computer system.
This will help communication issues between the islands offices and quicken the procedures. It will avoid issues such as lost paperwork and communication error and delays between local and main offices just for example. Which are the most common problems and sometimes unavoidable when many offices are not working within the same main frame.
Complete and overall synchronization of the offices was top of the list to help combat Title Deed application issues and it is the only way to work in this era and should have been dealt with many years previous. Now you can go to any office in any part of the country and find out the status of your application or for any relevant information.
The Town and Planning website has also updated its website so that any individual can view the status of the Title Deed application. For this service visit www.moi.gov.cy
These are excellent steps forward for property purchasers, on the other hand there is still along way to go but at least some progression is evident!
The amendments to 5 bills created to initiate the Title Deed Reform are also now being addressed in parliament which saw previous delays due to the lack of preparation of the bills and certain disagreements between all parties.
The Town and Planning department are now committed to dealing with and finalizing Title Deed application within a one month period.
Finally progression is evident, it may not be immediate but it does look clearer for the future and more effort is being made. We really hope the government pulls their finger out now. As we said 2012 and 2013 are going to be the turn around years for Cyprus and we truly believe the island will revive itself so the government can not let us down.
We will continue to push for the Title Deed reform and carry on all the handwork and effort our office has put in to this issue.
PUBLISHED BY Cyprus Property Lawyers A&G KOUZALI LAW OFFICE
Property lawyers in Cyprus – review – Iraq Investment
Iraq is the new country on the block for investment! For over 30 years this country has seen nothing but war and death. This is now over and all militaries are getting ready to leave and for those that remain life can only get better.
The war has left nothing but devastation and now it is time after 30 solid years of war to rebuild this country bigger and better than ever before.
Iraq is actually a sitting gold mine being one of the biggest oil producers in the world. Now it is time for the Iraqi Nationals to take full advantage of this!
One Cypriot Company has already secured a huge deal to build 30,000 houses, hospitals, schools and mosques. They have also put in a tender for restoring Sadam Husseins palace (Iraq’s previous president) and turning it in to a tourist complex.
Investment opportunities in Iraq are endless as there is nothing left in the country. Therefore, residential and commercial investment is desperately needed from world-wide investors.
Iraqi Nationals are living in derelict houses and poverty what more can we say! The need for residential housing and commercial and industrial investment is very high. Grants are being given to the Iraqis for housing and more jobs are becoming available. But a whole new country starting from scratch is what we are looking at here.
It could be said that these investors are making money from the very sad devastation and death these people have experienced for so long. However, for the remaining nationals it is very important to recuperate there economy, bring in foreign investment and rebuild there country and help them build a brand new life, and to be fair after all this time they deserve this!
Each of the 18 states in Iraq are preparing lists for future projects of which world wide investors will be welcomed to put forward there tenders.
We really wish the best for the Iraqi Nationals, they more than deserve a new life and we are going to hear many good and positive things about this country for a long time to come.
PUBLISHED BY A&G KOUZALI LAW OFFICE
Cypriot Lawyer information How to get permission to buy a property in Cyprus
The facts are, when buying Cyprus Property you must appoint an Independent Cypriot Lawyer, A&G Kouzali is the right legal firm for you. There are different procedures to follow when buying Cyprus Property and A&G Kouzali give free advice on what you have to do. The Council of Minister application is mandatory for all investors and A&G Kouzali Law Firm will guide you every step of the way. For more detail information visit the website and leave your details and an expert member of staff will respond to you.
A&G Kouzali Law Office – Cypriot Solicitors information about How to Buy Land in Cyprus.
The bottom line is, buying land in Cyprus is a very big step. Famagusta Lawyers A&G Kouzali Law Office offer advice on making this big step easier and more straightforward for you and your potential purchase. With so many procedures to follow and with 100% client protection at the forefront, it would be a crime not to reach out for top quality expert advice and walk into your investment blind and maybe making the biggest mistake of your life. Read more How to Buy Land in Cyprus
Property Lawyers in Cyprus – Review – Cost of Living – Cyprus Property Lawyers.
At long last the Cyprus Government are taking the high price of living here in sunny Cyprus seriously, and sent a warning to all retailers to keep their prices down, otherwise investigations in to their business will be conducted….and we are sure this is an action that many shop keepers would like to avoid.
For many months we have been reporting how high the cost of living is here in Cyprus compared to other EU states. What you can buy in Cyprus for the Euro is dramatically less than what you can buy in say Spain just for one example.
These warnings we feel should have come a long time ago, at least when the Euro replaced the Cypriot pound. And with one of the worst recessions in history to hit our island these warnings and investigations should have been present throughout, but better late than never we could say!
Everyone must play their part in the Cyprus economic recovery and retailers are definitely of no exception.
The blame for some of the rises have been put on the fact that the minimum wage has recently increased, therefore rises are evident to cover the cost of staff wages, but if the truth be told, the cost of living has been rather high for some time now, in fact quite some time before the rise in minimum wage, and therefore profits have been happily made, but the time has come to stop the high level of profiteering as if continued our island will be sent to rack and ruin.
The high cost of living has been a very frustrating issue and has made us very disappointed that the business sector has not before now reduced or capped prices to keep the tourism trade coming to our island.
We are very happy though that the government are taking steps to combat this issue and we hope they keep their word and force this in to action.
After so much negative press the Cyprus Government appear to actually be listening to what the public are saying and what the island really needs and we hope and pray that this will be reiterated in other areas that also need correction.
Good move from the Cyprus Government!
PUBLISHED BY A&G KOUZALIS LAW OFFICE
Cyprus Property Lawyers - As we have predicted the 2011 Cyprus Economy appears to be looking quite promising and this seems to be the general consensus as well as the Cyprus Governments also.
Making promising progress we believe, towards helping the Cyprus economy, the countries spending and the high deficit issue, the Cyprus Minister of Finance has been reviewing the matter of reducing the salaries of various high positioned members of government, which will also include the Ministers themselves. The Cyprus government staff not only receives high salaries but include all the added benefits as well and it reaches to quite a tidy sum.
However, though some union heads are optimistic about the future of the Cypriot economy, others are not so happy at the way the Finance Minister has addressed the issue regarding reducing government wages.
Representing state officials PASYPI Union, were absent from a meeting called on by the Minister to discuss the Cyprus economy and financial plans for the next year, stating reasons for this is that the Minister has shown lack of regard for the Union by discussing the reduction of Government staff allowances without the Union being present at the discussions.
It is widely thought that any attempt to reduce government wages could result in members of the Government going on strike.
While putting a smile on our faces that the Finance Minister is seriously looking at reducing the high level at which the these officials are getting paid, it also makes us feel angry that the lower paid workers who maybe do not even take home 600-800 euros a month are fighting for their wages to be increased by 5-10 euros a month and they could probably do a better job than the government are doing of running our country right now.
The wide spread views in Cyprus that the rich stay rich and the poor stay poor, may not necessarily be true for much longer if the governments are serious about such cuts. And it will not stop there. Putting government officials aside, many of the rich and affluent society in Cyprus could very well be taking money out of there pockets also in helping the recovery of the Cyprus economic state, as yet to be decided by the Cyprus Finance Minister and members of the cabinet.
We would like to hear your thoughts on this issue and whether you feel the governments’ wages should be reduced to help the economy along with the rich and affluent Cyprus society?
PUBLISHED BY A&G KOUZALI LAW OFFICE
Property Lawyers in Cyprus – Review – Russia/UK Business Association – Completed on 21st July 2010 – Cyprus Property Lawyers
We are very pleased to announce our membership of the Cyprus Russian Business Association, and the Cyprus UK Business Association.
The relationships we have with these countries are not just important to Cyprus, but also to our company, practicing as an International Lawyer Legal Firm.
The Business Associations were established to strengthen the relationship between Russia and Cyprus and also the UK and Cyprus, also to promote Cyprus as a solid financial and business centre.
Russia and the UK have played a major role and still are in the Cyprus economy, importing and exporting trade and promoting investment products. Seeing how relevant each country is to one another, it is vital that these ties be strengthened to help our economy thrive again.
The 2 main countries that bring finance to Cyprus are Russia and the UK and the Business Associations have been devised to reinforce, promote and develop an even higher rate of business and investment here on our sunny island and in Russia and the UK.
Many Russian and UK nationals come to Cyprus to permanently reside and invest their finances, this is excellent for Cyprus. Anything we can do to support this course of action can only be a good step.
If you would like to know more about the Cyprus/Russia/UK Business Associations, we would be more than happy to discuss this with you. Our office is for positive change and if we can help spread the word and promote this type of positive action the more good it will do for our company and for Cyprus on a whole.
PUBLISHED BY A&G KOUZALI LAW OFFICE ON 21ST JULY 2010. http://www.lawcyprus.org/
Cyprus property Lawyers – review – Paphos Marina – Completed on 28th July 2010.
Paphos has had a rickety time through the recent recession with property sales down and emigrants leaving to go back to their own countries. And what a shame that is, as those individuals will now miss out on the biggest development in Paphos, alongside the new airport, with a new 1000 berth Marina will to be built.
The size of the Marina will be approximately the same size as the new Marinas being built in Larnaca and Limassol.
It has been reported that Leptos Estate will head the group of private companies investing in the Marina and at 70 Million Euros will be injected into the project.
Conditions for the tender being awarded to Leptos Estates, was that the Marina had to be built within a 3 year period. So it really looks like all the Marinas Island wide will be completed around the same time frame.
Paphos is a beautiful area of Cyprus and the new Marina will compliment this side of the island even further, and news of all the Marinas has actually already favoured property prices in surrounding areas. Businesses are also staring to look up and see some hope.
While plans for the new Paphos Marina are not so defined as yet, news reports show there will be leisure facilities, bars and restaurants and the scope for residential property.
This is great news for Paphos and all Paphos residents who will definitely reap the rewards. However, once again there has been news reports that delays are ahead of us and this is an issue the Cyprus Government should avoid.
The whole marina development in Cyprus is set to change the face of our island and make Cyprus one of the busiest and most thriving sailing and yachting country in the EU.
We cannot wait for our coastal towns to be buzzing with the yachting fanatics and business booming once again.
Well done Paphos!
For all your Yachting and Marina Property needs visit us at www.lawcyprus.org
PUBLISHED BY A&G KOUZALI LAW OFFICE ON 28TH JULY 2010.
Property Lawyers in Paralimni – Review – Limassol Marina – Completed on 27th July 2010.
The Limassol Marina, one out of four new Marinas being developed in Cyprus, will be completed by 2012 with works already underway.
At this stage, the Marina will house up to 1000 boating vessels and consist of up to 300 new luxury residential properties with the availability to have a yacht parked at the end of the garden. How extravagant is that?
Initially, included in the Marina surroundings will be shops, bars, restaurants, traditional Cyprus taverns, swimming pool, gym and spa with further features such as a cultural and conferencing centre and a green park will compliment this development .
As in all the new Marinas being developed on our magical island, the amenities will be top notch and facilities will be available for all yachting needs.
Billions of Euros are being put into these Marinas and property prices in the surrounding areas have already been reported to have tripled.
Limassol is renowned for its cultural in keeping, along with its many off shore companies and shipping trade, offering easy access to other Middle Eastern and EU states. The new Marina will enhance this. It is reported that out of all the Marinas this is set to be the most impressive with many features being added.
The current Limassol port is already the largest on the island and with the newly devised expansion of the old and the new marina and accommodating features, it appears Limassol residents are in for a spectacular treat.
What a time for Cyprus. In all of the Cyprus history there has never been so much development and progression all at one time, new airports, new golf courses and amazingly new marinas and all while keeping in with natural heritage and culture.
Well done Cyprus we are so proud.
If you would like to discuss any of our articles on the Marinas or Yachting lifestyle we would love to hear from you.
PUBLISHED BY A&G KOUZALI LAW OFFICE ON 27TH JULY 2010. http://www.lawcyprus.org/
Property Lawyers in Cyprus – Analyzes – Cyprus property Market – Completed on 23rd July 2010 – Cyprus Property Lawyers
There are mixed reports about today’s Cyprus Property Market.
The banks appear to believe that interest in the Cyprus Property Market is still very low. House prices are falling, which is believed to be due to lack of demand for Cyprus property. And of course the banks view this as a very big risk to them and further decreases could cause major problems.
However, the banks themselves are causing a very big problem as they are not budging on their interest rates. While other European countries are dropping their interest rates to help their property markets, Cyprus interest rates are still at an all time high.
This issue must be addressed with the government , the Central Bank of Cyprus and the EU Central Bank before our property market comes to a complete halt.
If overseas investors, who still hold a high percentage of property sales in Cyprus, become aware of other EU states offering a much lower interest rate, we can sadly but surely kiss goodbye to the overseas investor and say hello to a long cold road to economic recovery.
Yet on the contrary, the government reports that contracts deposited at the land registry have increased by up to 25% on last years sales. And around 22% of these contracts are from overseas investors. Famagusta, Limassol and Nicosia are seeing major increases in sales with Larnaca and Paphos steadily trailing behind.
It is very hard to say for sure the overall outcome will be for Cyprus. Practicing as Property lawyers in the Paralimni area of Cyprus, we can honestly say we have definitely seen a major rise in business compared to last year. Our office is in fact opening another office in Larnaca to deal with the extra workload. So from that point of view we believe Cyprus is definitely on the mend.
We also believe this is due to a lot of development taking place in Cyprus and more and more people are becoming aware of this.
The banks must address the interest rate and mortgage facilities issue, so not to spoil it for the rest of Cyprus and to help the economy.
On a whole, we know some issues need to be addressed and corrected but we are happy with the economic progression. We really believe Cyprus is on the up and up.
Cyprus Property Law - PUBLISHED BY A&G KOUZALI LAW OFFCIE ON 23RD JULY 2010. Cyprus Property Lawyers
Property Lawyers in Cyprus – Analyzes – Climate Change on 24th May 2010 Cyprus Property Lawyers.
We are ecstatic to announce that we are one of the first 52 companies in Cyprus to become a member of the Cyprus Charter Business against Climate Change.
This issue is very important to us and we intend to support this cause to the fullest. We have to make it our priority to ensure our children, grandchildren and many more generations after us will enjoy the safe environment that our generation, and generations before us have neglected and taken for granted. If we do not make a change today there is no future for this planet.
This membership has been established to bring the whole of Cyprus together, companies and individuals and promote and educate on a national scale, the implementation and mandatory need for climate change.
In liaison with the Government and other relevant institutions the Cyprus Charter Business against Climate Change will work together and support the whole state in proceeding to become the leading country in the fight against pollution and global climate change.
Reducing emissions of carbon dioxide, reducing energy consumption, using renewable energy and also implementing new energy saving products is now a must if we want to save our planet.
We urge all businesses and individuals to do their part. Research the Cyprus Charter Business against Climate Change, it really is an important membership that we are very proud to be a part of and we think you will want to be a part of it too.
For more information visit us at www.lawcyprus.org.
PUBLISHED BY A&G KOUZALI LAW OFFICE ON 28TH APRIL 2010.
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