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.

Read more How to get permission to buy a property in Cyprus

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 21^st 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 21^ST JULY 2010. http://www.lawcyprus.org/

Cyprus property Lawyers – review – Paphos Marina – Completed on 28^th 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 28^TH JULY 2010.

Property Lawyers in Paralimni – Review – Limassol Marina – Completed on 27^th 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 27^TH JULY 2010. http://www.lawcyprus.org/

Property Lawyers in Cyprus – Analyzes – Cyprus property Market – Completed on 23^rd 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 23^RD JULY 2010. Cyprus Property Lawyers

Lawyers in Cyprus – Review – Contract of  Sale – completed on 6^th June 2010 – Cyprus Lawyers

Buying a property is a dream come true for many! It can also turn in to your biggest nightmare should you not follow the correct procedure.

Some developers and agents have a knack for charming potential investors, especially those who are new to the overseas property markets. Which is why, we are publishing this article in the hope that many investors who are interested in investing in our beautiful island of Cyprus will read this and keep it firmly in mind.

The most important aspect when buying any property is the Contract of Sale.

The contract of sale is a legally binding document that states the prices, procedures, agreements and expected requirements to be under taken by the vendor and purchaser when buying a property.

A purchaser must appoint an independent solicitor to

• Conduct a search on the land/development – to make sure there are no loans used against the potential investment by the developer.
• Prepare a Contract of Sale- protecting the rights of the purchaser and go through every detail with the purchaser to make sure they are happy and secure in their purchase. The solicitors’ job is to make sure the contract of sale protects you against any breaches that may occur from the developer and does not favour the developer in any way.
• Guide you through every step of the procedure according to the contract of sale until delivery of the property has taken place.

If you should not appoint a solicitor and you sign a contract that has been prepared by the developer or agent, this can have disastrous results.   You may find the contract of sale does not protect your rights but the developers’ rights, in which you could lose your life savings or end up with an unfinished property or a totally different property than to the one you thought you had purchased.

This is the law in Cyprus and if you sign a contract of sale not prepared and checked by a solicitor, it may be deemed you do not have a leg to stand on should any breaches occur. It is very important for the solicitor to conduct all necessary due diligence with regards to your purchase.

We plead to all potential investors, to let a solicitor do all the work for you in accordance with the Cyprus law this is your only means of protection. What seems like a perfect agreement may be your worse ever nightmare.

For your own safety be protected and appoint an independent Cyprus lawyer for your dream property purchase.

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 6^TH JUNE 2010 http://www.lawcyprus.org/

Cyprus Lawyers – review – Title deed delay – Completed on 24^th June 2010.

After our previous articles on the new Cyprus Title Deed Reform and anticipation of the new legislation to be passed in parliament, we regret to inform you that there has been a delay and the legislation has not yet been passed.

If you are an A&G Kouzali website fan, you will be very aware of how much our Cyprus Lawyers, Mr Kouzalis in particular, has made great efforts in the fight for a new Title Deed procedure. And our fight is now far from over.

We are very disappointed that the legislation has been delayed, even so, that we have written a letter to the Cyprus Minister stating our concerns and requesting a speedy result. We are also writing to each Member of Parliament and requesting that the legislation be passed without any delay.

We urge the public to do exactly the same thing! If we all pull together and put further pressure on the government and the members of Parliament, a result must prevail.

We have continually joined in the fight for a new Title Deed procedure in Cyprus and we obligatory report all latest news via our website and now we must work even harder and do our utmost to make sure that citizens both local and international are not let down after such promises were made.

We have been supportive of the Minister efforts and had complete faith in the new legislation, but now it is time to get up and fight again as this is unacceptable.

Please join in the fight for a reformed Title Deed process in Cyprus and let your thoughts be known to all the members of parliament.  You can find their contact details on http://www.parliament.cy/

Feel free to contact us and tell your thoughts also.

THERE IS NO EXCUSE……PASS THE LEGISLATION FOR CYPRUS TITLE DEEDS.

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 24^TH JUNE 2010.

Property Lawyers in Cyprus – Analyzes – Climate Change  on 24^th 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 28^TH APRIL 2010.

Property Lawyers in Cyprus – 2010 property markets – 13^th February 2010 – Cyprus Property Lawyers.

The question is now, what is going to sell properties in 2010?

Property Investors are looking for the X factor. There looking for the most attractive package offering them affordability and profitability.

After review it was apparent that Self Invested Personal Pensions are selling more overseas properties and it is catching on at an accelerated speed.  Initially aimed at UK nationals the SIPP concept is now being explored in places such as, Ireland, Australia and some parts of Europe.

We have also heard a lot about Fractional Ownership.  Available on the market now is SIPP Fractional Ownership developments these two most talked about concepts are now working together.  This is really good news.

Many developers are offering a guaranteed rental income and insurance to mortgage payments if the rental income is not achieved.

Governments are also playing their hand and providing financial schemes, Relaxing visa procedures and introducing tax benefits.

Attracting investors will be the most important issue, other sources and tools for marketing must be sought.  Social Media is taking off in a big way and is the current and future tool for getting information out there.

Marketing is the key along with the right package and product.  Those who take time and perfect their marketing will reap the rewards.

Visit us at www.lawcyprus.org

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 15TH FEBRUARY 2010

Property Lawyers in Cyprus – Reviews – Property Auctions completed on 19^th February 2010. Cyprus Property Lawyers

2010 is said to be the year for Property Auctions?

Buyers and sellers want to cut out the agents and get their properties sold quickly, and brought at cheap prices.

This saves the developers a lot of time as many properties can be sold at once. Banks are also using Property Auctions to sell off distressed properties acquired through the financial downturn.

Property Auctions were previously back of the queue in terms of property sales, but with the changing times, quick and cheap sales are must.

Property Auctions are taking place in countries such as Dubai, Spain, Portugal, Greece, USA, and here in Cyprus.  It is expected that Property Auctions will grow very popular and will soon take place all over the world. With foreign interests upping auction sales, agents may very well become a thing of the past.

We feel practising as International Property lawyers in Cyprus, that Property Auctions are a good idea for investors to obtain a bargain property.

Times are definitely changing and we have to change with them!

Visit us at www.lawcyprus.org

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 19^TH FEBRUARY 2010.

Property Lawyers in Cyprus – Studies – Climate Change on 3^RD January 2010 – Cyprus Property Lawyer

After our previous review on the issue of eco-tourism and property, it appears eco-friendly is making rapid progression in Cyprus, with new EU Laws being passed to regulate and implement specific changes.  Practising as Property Lawyers in Paralimni Cyprus and being such a highly distinguishable company within our community, we are obliged to follow all issues of Property Law, Property Markets and growing trends.

Eco-friendly is not just a trend anymore, it is a must.  The EU Parliament and Council have made preliminary agreements that all newly built properties must not only be built with energy saving materials and products, but must also be powered with a renewable energy system.   Zero energy consumption is needed and criteria to this effect will be implemented and obligatory for all new developments.

By the year 2020 all EU states must be in line with strict regulations and all developments must be achieving a high standard of energy saving through renewable functioning.  Set regulations are yet to be agreed upon for the renovation of existing houses but this is surely soon to follow.

This decision has come before the Copenhagen Summit on climate change and this decision by the EU Parliament could positively influence and help achieve the goals that officials attending the Copenhagen Summit are striving for. 

Visit us at www.lawcyprus.org

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 3^rd JANUARY 2010.

Lawyers in Cyprus – Analyzies – Cyprus no smoking ban – on 2^nd january 2010.

CYPRUS PROPERTY LAWYERS ANALYZE NO SMOKING BAN

Although we at A&G Kouzali Legal Firm in Cyprus are in favour of the NO SMOKING BAN, we still have to review all issues to this controversial subject.  

Tensions are rising as Cyprus now abides by the no smoking ban, of which has actually already been introduced in Cyprus but has never officially been forced. However, that has now changed as from 1st of January 2010 if anyone is caught smoking in an enclosed public place, they  will be fined up to €2,000.

The no smoking ban was planned to commence at midnight on New Years Eve, but later became conscious to authorities that this could quite possibly cause major rebellion for smokers whilst under the influence of alcohol celebrating the new year and therefore came in to affect on news years day.

Cypriots are commonly known for social smoking and it has always been allowed in places of business and pleasure, it has never really been judged as a prejudicial issue, more of a social habit and therefore this is not a concept that Cypriot Nationals are in favour of.

A no smoking ban, although you would not believe, can actually have a negative affect on the economy. For example the no smoking ban in England has physically changed the face of night time activity. Bars and clubs are no longer busy because individuals like to smoke while consuming alcohol.  While day time life proceeds as normal night time life is diminishing.

Many of our seaside towns gain major revenue from the island nightlife.  Agia Napa for example situated in the Famagusta region of Cyprus consists of many bars and clubs accommodating the younger visitors to the island, this is one of the main revenues in the tourist season.  After review, we found many individuals would rather not go out and drink if they can not smoke.  

Therefore, what will happen to the business owner who relies on the night time tourist trade and is this really a good time when Cyprus is already trying to revive its economy? We will endeavour to answer these questions in the New Year when this ban comes into effect.

Visit us at www.lawcyprus.org

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 2^nd JANUARY 2010.

Cyprus Lawyers – Studies – Home swap scheme on 30^th January 2010.

CYPRUS PROPERTY LAWYER REVIEWS HOME SWAP SCHEME

While the Property Market in Cyprus is functioning at such a slow pace, developers are trying different schemes in order to prevent the market from coming to a standstill.  Our job as International Property Lawyers in Cyprus is to keep a look out for new concepts and how they work legally.  One scheme in particular that caught our eye was the home swap scheme.

 After review, we found that this scheme is still in the early stages, but looks to be an effective way for developers to sell their high supply of unsold properties.  The Home Swap Scheme initially targeted at the UK property buyers, offers them the chance to exchange their UK home for a Cyprus home of approximately the same price range.  Their other option is to part exchange their UK home and take out a mortgage for the remainder of the asking price.

This is a great opportunity for those who want to move to Cyprus but cannot sell their UK property due to the current depleted market.  The developer will keep the UK property and use it as a rental income until the UK Property Market is on the up and then sell it to make their profit. 

In the long run this appears to be a good investment for the developer.  And it is less hassle for the UK buyers having to go through the rigmarole of selling their property.  As in all new schemes and projects there are always hiccups, so we will continue to follow this new adventure and update you on any future progression.

Visit us at www.lawcyprus.org PUBLISHED BY A&G KOUZALI LAW OFFICE ON 30^th JANUARY 2010.

How our office works – Review by International Property Lawyers in Cyprus on 11^th January 2010.

OUR OFFICE IS BASED ON TRUTH SAYS INTERNATIONAL CYPRUS PROPERTY LAWYERS

We honour the truth in all aspects of work and life and therefore, all members of A& G Kouzali Property Lawyers in Paralimni Cyprus would like to take this opportunity to apologise in advance for any inconvenience caused to our clients.  At the same time we promise you that we are learning from our mistakes.

We can truthfully admit that because of increased volume in workload our office could not always cope.  We are very pleased our workload has increased but we are sad to say our income has halved due to the global struggle. And although we have not had to terminate any staff contracts, the economic crisis saw to it that we could not employ additional staff to deal with this problem.  

Our business has increased dramatically and certain mistakes have been made and therefore, after extensive review of our actions during the course of 2009, we have learned where we went wrong and how to rectify these issues in order to offer a flawless service.

Being a company that can accept constructive criticism we have decided to create a new section on our website for people to put forward theirs views and criticisms in order for us to discuss this with our clients and further learn from our mistakes.

We will also go a step further and create articles based on mistakes we may have made and the expectations of our clients in a quest to clarify our procedures and our working methods.

Visit us at www.lawcyprus.org with your views and thoughts and help us to become your perfect Cyprus Legal Firm.

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 11^th JANUARY 2010.

Lawyers in Cyprus – Analyzes – Fractional Ownership in Greece – completed on 28^th January 2010.

INTERNATIONAL CYPRUS PROPERTY LAWYERS REVIEW FRACTIONAL OWNERSHIP IN GREECE

We have been practicing as International Property Lawyers in Cyprus for  many years.  As part of our job we have to constantly review the Global Property Market.  Naturally, being of Greek/Cypriot origins we pay special attention to Greece. 

Diversification has been a priority in keeping the Global Property Markets alive and Greece has been no exception.  Although Greece is taking every step possible to establish itself as a major player in the property and tourist industry, it has still suffered the same as the rest of us.

Fractional Ownership has been present in Greece for some time, but did not really appeal to the property market.  This could be due to the lack of marketing and education or the notion of buying property with people they do not know.  However, since the global financial downturn it has become increasingly more popular.

It can be said worldwide, that people want to invest in property but have held back due to nervousness and apprehension of spending money.   Fractional Ownership emerged to be the best possible solution to this problem, and as in several other countries it has proved to be the current growing trend in Greece.

The law in Greece allows any number of purchasers to invest in one property, awarding each investor an equal share and documented on the sale of contract.  So for an example on the island of Crete this concept easily allows for purchasers to buy into one property with relatives, friends and acquaintances and not having to share with strangers. This also saves on money relating to the running costs and agents commission.

Due to the progression of major development in Greece now is a perfect time to invest. It is predicted that Greece is the up and coming place to be.

Visit us at www.lawcyprus.org PUBLISHED BY A&G KOUZALIS LAW OFFICE ON 28^th JANUARY 2010.

Study on Fractional Ownership completed by A&G Kouzali Cyprus Lawyers on 23rd January 2010.

IS FREEHFOLD A THING OF THE PAST ASKS CYPRUS LAWYERS ?

Fractional Ownership is expected to take over the European Property Market within the next few years.  Our Lawyers office in Cyprus continually follows this subject in order to perfect our services regarding Fractional Ownership.

Fractional Ownership is thought to be an affordable solution in this time of economic struggle within the property industry. It allows for individuals or family and friends with any amount of budget to purchase a percentage of a property.  Plus it allows the agents to keep on selling their properties in this time of unrest. Lawyers in Cyprus such as our office are currently working on this issue.

Fractional Ownership is now worldwide and ranges from individual properties to major resorts.  Cyprus Properties can be ideal for this ownership. Many developers are now looking to build Fractional Ownership developments, however it has been advised it is not always possible due to the lack of fully trained agents being able to handle the sales.

With a freehold property expected to soon be a thing of the past and is believed will only be available to the wealthy in future times, maybe it is time agents and developers hurry and get on the fast track.

If you are interested in Fractional Ownership but require further information visit our website at www.lawcyprus.org

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 23rd JANUARY 2010

 Cyprus Lawyers – Review – World wide Fractional Ownership – completed 1^st February 2010.

PROPERTY LAWYER IN CYPRUS CLAIMS FRACTIONAL OWNERSHIP IS NOW WORLD-WIDE

Fractional Ownership is now a worldwide recognized structure of the property industry.  Fractional Ownership in Cyprus has proved to be worthwhile, especially in these hard times of worldwide financial struggle.  It has also give people the chance to be able to buy holiday homes in other countries besides Cyprus.

In the USA, fractional resorts are situated in South Florida and Miami and it is reported that due to popularity it may expand to Las Vegas.

 In Australia, it is reported that even though tourism has decreased, Fractional Ownership has been very strong.

In France, it has been advised that there are no Fractional Properties on the market at the moment and leaseback is the leading practice, but it is recognized that Fractional Ownership does offer certain advantages. We will follow the progress of Fractional Ownership in France. 

In Thailand many developers are interested in Fractional Ownership and a conference is being held on how to implement this system and to give a full precise understanding of the procedure.  Educating and marketing is very important if Fractional Ownership is to flourish. It is said that associates from, India, Malaysia, China, Hong Kong, and Australia will attend the conference.

Overall, it seems while worldwide tourism and property markets are at an all time low, Fractional ownerships are beginning to thrive. We fully support this method of property buying and have skilled legal experience regarding this subject.

For further details on Fractional ownership contact us at www.lawcyprus.org

PUBLISHED BY A&G KOUZALI ON 1^st FEBRUARY 2010.

Cyprus Property lawyers – Review – Developers and Property Dangers completed on 14^th January 2010.

INTERNATIONAL PROPERTY LAWYERS IN CYPRUS – CLIENT PROTECTION AWARENESS

As part of our client protection awareness articles, we would like to advise you on a matter that unfortunately happened to one of our clients.  We hope by publishing this article we can avoid it happening to anyone else in the future.

One of clients who had existing debt in the UK, proceeded to purchase a second holiday home here in Famagusta.  Due to their unfortunate financial situation they got to the point of maybe having to sell their UK property.

Our office ran a due diligence on the Cyprus property and later found out that our clients had land registered the contract in January 2006. However, it later came to our attention that in March 2007 the developer had used the property for collateral at the bank for the amount of €170,000.

Therefore, in order to sell the property a waiver had to be obtained.  The bank initially would not grant a waiver and we proceed in sending numerous letters to the central bank and to the British High Commission.

Finally after a few months had passed the bank granted us a waiver but the wording was not satisfactory.  The waiver deemed to be in the interest of the bank and not of the purchaser.

In the end the purchasers cancelled their contract and this in turn, left them in further and more major debt.

The moral to this story is to always perform due diligence on a positional property investment. The bank lost clients and the clients nearly lost their UK home.

Visit us at www.lawcyprus.org

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 14th JANUARY 2010.

Lawyers in Cyprus – Review – The Orams case – Completed on 19^TH December 2009.

CYPRUS PROPERTY LAWYERS STUDY THE ORAMS CASE

The Orams case has been the talk of all Greek Cypriot nationals of late.  Our Property Lawyers based in Paralimni Cyprus, have particular interest in this case and continually study any developments.

 The case originally started in 2005 when Mr & Mrs Oram received instructions to appear in a Nicosia Court regarding their property situated in Lapithos on the Turkish Occupied Northern side of Cyprus.  Before the Turkish invasion in 1974 the said property was owned by the Apostolides family and after the divide was sold by a Turkish Cypriot to UK nationals Mr & Mrs Oram, who proceeded to rebuild a house on the land.

The summons ordered the Orams to appear in the Nicosia court to converse on the matter of allegations of infringement regarding the Apostolides family home.  The Orams did not respond at first, feeling safe in their knowledge that they had brought the property fair and square and so were protected.  However, this proved to be quite the opposite when they later attended the Nicosia court and were ordered to tear down their house and give back the land to the Apostolides family along with further corrective compensation.

The Orams continued to ignore this pressing issue and believed that as they were north of the Island no court could possibly have Jurisdiction and therefore, no decision could be upheld. The Apostolides family, very determined of their rights proceeded to have this judgement solidified in the UK London court of Appeal.

The UK court initially denied the case stating they had no jurisdiction on this matter, but then decided to request advice from the European Court of Justice as to whether the UK court had any authority to make rulings on cases involved within the Turkish Occupied Northern part of Cyprus, as this state is not recognized as an official sate by any country but Turkey.  The European Court of Justice returned their conclusion as any court who is a member of the European Union can officially rule on legal issues regarding the Occupied Northern side of Cyprus.

The case is still pending in the London Court of Appeal and we will endeavour to keep you up to date on this matter. We are supporting all Greek Nationals in making claims for their property in the Northern area of Cyprus.

Visit us at www.lawcyprus.org

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 19^TH DECEMBER 2009. 

International Property Lawyers in Paralimni Cyprus- review Euro Exchange Rate on 1^st February 2010.

CYPRUS PROPERTY LAWYERS BELIEVE CYPRUS COULD BE A PARADISE TO ALL

After we analyzed the effects of the Euro against the Sterling Pound we found that English citizens are now accepting the low rate offered. It is becoming the norm these days and now that it is widely accepted there seems to be a rise in property and business transactions.

The exchange rate for Euro to Sterling Pound on average is pound for pound. Yet some countries like Spain for example take the low rate in to consideration and reduce prices accordingly, offering major discounts.

Non EU countries who offer strong rates against the currency are seeing a major rise in interest from European buyers. Countries such as the USA and South Africa for example have many Europeans buying property and holidaying at the moment.

Cyprus is reported to still be quite expensive compared to other European countries in relation to what you can buy for Euro currency and maybe could take a leaf out of their books and start introducing some reductions on relevant products.

In saying that Cyprus has many qualities that other EU Countries can not offer, such as safety and excellent tax regimes being a just a couple to mention.

If we did offer reductions to override the Euro rate, Cyprus would be the perfect paradise for all.

Visit us at www.lawcyprus.org

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 1^st FEBRUARY 2010.

Property Lawyers in Cyprus – Studies – Brazilian Property Market on 15^th January 2010. – Cyprus Property Lawyers.

Overall, we are hearing good things about the property markets for most countries.  Performing as Property Lawyers in Paralimni,  we are constantly on the lookout for positive news. 

Brazil has been receiving fantastic reviews confirming the Brazilian market on the whole is doing amazingly well.  A recent project consisting of 104 new properties, situated in the Sao Paulo region was reported to have been sold out within a few hours.  The developers are advising that there is higher demand for Brazilian property than there is a supply.  This is great news in this time of struggle.  

To help the construction industry the Government has provided R$ 60 Billion. This is part of a motivation package towards supplying more affordable housing for the lower – mid income purchasers.  Other incentives included in the package to revive the Brazilian Property market are, reductions on property tax from up to 6%,  subsidies to cover costs for purchasers of a certain criteria and a restructured easier process for required licences relating to new developments.

Many overseas investors are buying Property in Brazil at an accelerated rate, giving rise to Brazil being one of the most popular places to invest at this uncertain time of financial worry.

Visit us at www.lawcyprus.org PUBLISHED BY A&G KOUZALI LAW OFFICE ON 15^th JANUARY 2010.

Cyprus Based International Cyprus Property Lawyers – Review of Cyprus Property Market completed on 9^th January 2010.

We are sad to report that the Cyprus Property Market saw a major collapse during 2009. Fewer than 2,000 properties were sold to international investors and compare this to 2007 when over 10,000 properties were sold, it is a pretty sad picture.

Cyprus has had a lot of negative press during 2009 which has greatly affected overseas sales, plus the value of the sterling had a negative impact also. The Title Deeds issue in Cyprus has scared many of the international buyers away and all these factors together saw to it that Cyprus endured a rough and bumpy journey through this last year.

However, through all this Cyprus still remains to be many overseas investors favourite, as this vibrant country remains in the top ten lists of many worldwide polls to be a safe place to invest for overseas investors. While other countries disappear Cyprus remains consistent within the top ten.

It appears investors are beginning to regain confidence and are looking ahead to the future when Cyprus is free from scrutiny and the economy has inevitably revived.  This is when the investors who had confidence in Cyprus will, with no doubt at all reap the rewards.

Economic policies being implemented will eventually and greatly manifest and the island of Cyprus will thrive once again.   There will be a lot of investors very sad that they missed out on this great opportunity.

Visit us at www.lawcyprus.org

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 9TH JANUARY 2010.

Due to a recent review of real estate in Cyprus, it has been suggested that Developers, Agents, Solicitors and other professionals  operating on the Island must edify foreign nationals on all issues concerning Land registration.  With the current market taking a turn for the worse, the developers must also do their duty and put their hand in to play to help pacify this situation.

Professionals must explain in detail to purchasers, how the Land Registration System works regarding Title Deeds for their property.  Also of paramount importance is putting emphasis on the safety of the system and their rights to the property, while Title Deeds are in application. 

There has been so much controversy surrounding this issue that overseas buyers have lost confidence in the Cyprus Property market.  We feel this is due to lack of information and we fully support this advisory notion, that developers should play their part in educating purchasers and help in trying to restore their confidence. 

Due to the current drop in sales of property, developers are in a vulnerable position, so to speak, as the purchasers are making the most of this situation and demanding more for their money.  There are also many competitive hotspots to choose from around the Mediterranean and in Europe.  Therefore, it is imperative that the developers, agents and solicitors are on top form, and the overseas buyers feel safe investing in Cyprus.

We at A&G Kouzali Law Office are continuously involved in trying to help find a solution to the Land Registration issue.  Members of the Cyprus Government are taking every step possible, along with introducing 5 new legislations, to facilitate in making the system more efficient and speedy.

As a Practicing International Property lawyers based in Paralimni Cyprus, having an established and continuous international client base, we feel more confident that this issue is closer to a solution.  We also strongly recommend to all overseas buyers interested in property in Cyprus, that it will be a solid, safe and profitable investment.

Visit us at www.lawcyprus.org PUBLISHED BY A&G KOUZALI LAW OFFICE ON 7^TH DECEMBER 2009

Review by A&G Kouzali Property Lawyers in Cyprus

Sales of property in Northern Cyprus, has been a very controversial and risky subject.  As practicing Cyprus Property Lawyers, we take great interest in this subject.  Developers who sell property in the Turkish Controlled Northern Side continue to put their clients at risk.  The reason for this is that, the original Cypriot owners are now taking a stand and making claims for their property that they were forced to leave in 1974 due to the Turkish invasion.

Owners of Property in Northern Cyprus may find that a claim has been brought against their property and the claimant may have the right to take the property back or they can sue the owner for compensation.  Purchasers, who have brought property against any advice given, may find they have made a very foolish and expensive mistake.

It is also advised that previously, the agent has had no duty to find out if there is a claim against the property he is selling.  However, with recent progression in the courts it is now their responsibility to research and declare their findings otherwise the agent can be sued also.

This said UK buyers are no longer interested in property in Northern Cyprus they have grown to aware of the political situation. The Turkish controlled area now relies heavily on the Russian and Israeli investors.  But with the recent court rulings, this may have a big impact on any prospective purchasers thinking of buying in Northern Cyprus.

We are supporting any Greek/Cypriot nationals who want to claim their property in Turkish Occupied Northern Cyprus. Visit us at www.lawcyprus.org

PUBLISHED BY A&G KOUZALI LAW OFFICE  CYPRUS PROPERTY LAWYERS ON 4th DECEMBER 2009.

November 11th, 2009 – A & G Kouzali Law Office are well established Cyprus Property Lawyers, based in Paralimni. We recently reviewed the efforts of the Committee for the Holy Church of Agia Sophia which is situated in Istanbul, Turkey.

Up until 29^th May 1453 the Great Holy Church, was a place of worship for its faithful followers. It was the greatest Christian Church ever to be built. But tragedy hit when the Ottoman Turkish soldiers took control of The Great Church in 1453.  Since this date it has been abused and neglected and until recently, it stood as a mosque. However, it now stands as museum for the public and tourists.

It is expected on the 17^th September 2010, that many members of The International Congregation of Agia Sophia, along with members throughout the world and other political and religious parties, will visit Istanbul and carry out Holy Mass in the Holy Agia Sophia Church. 

Mr. Chris Spirou, President of the Congregation of Agia Sophia invited the Turkey Prime Minister Erdogan by letter, to allow all Christians to exercise their Human Rights and attend this ‘International Pilgrimage to the Great Agia Sophia Church. 

Istanbul has being named, European Culture Capital for the second half of 2010.  To honor that, the Turkish authorities and its Prime minister must at least allow the rest of the European pilgrims to exercise their Human Rights and use that holy temple as it was originally built by Emperors Justinian and Theodora back in the 7^th century.

The International Congregation of Agia Sophia want to be able to conduct Mass in accordance to their religion, and feel that Prime Minister  Erdogan should make efforts to bring social order to his country.

PUBLISHED BY A & G KOUZALIS LAW OFFICE 29^th October 2009. Cyprus Property Lawyers

Probably the first Cyprus Property Lawyers in Cyprus to join Green Peace.

The office decided to recycle all possible items from scrap paper, bottles, tins, etc.

Specific seminar took place today to brief all colleagues at the office to honor the World Enviromental Day.

At the same time we have sent letters to the municipality of Paralimni giving ideas how to use the existing windmills of the area to provide electrictiy.

Further to that we encourage developers to build ecological houses and the first one will be produced in Sotira – Famagusta.

Finally the Cyprus Property Lawyers department of Kouzalis Law office decided to provide 100 trees to the municipality of Paralimni to be planted in areas needed.

Have good World Environment Day!!!