Cyprus:
Amendment Of The Immovable Property (Tenure, Registration And Valuation) Law
12 July 2018
Elias Neocleous & Co LLC
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The Immovable Property (Tenure, Registration and Valuation) Law,
Cap. 224, has been amended to require government departments and
courts to notify owners of property about decisions that may affect
their property.
Law 71 of 2018 inserts a new section 75A into the law providing
that any decision, notification or disclosure of any authority
under the provisions of the law, or any decree or court ruling
regarding immovable property which may materially affect the value
of any immovable property, must be disclosed by the relevant
authority to the owner of the property concerned by notice in
writing.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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