Government moves to restrict foreign property purchases
4 Articles
4 Articles
Government moves to restrict foreign property purchases
Government officials and MPs on Thursday revisited the matter of restricting property and land purchases by non-EU nationals, with one lawmaker saying that foreign nationals account for one-half of such transactions. In parliament, Interior Minister Constantinos Ioannou said the government was ready to incorporate a number of proposals into an updated law. To date, four […]
The purchase of land by third-country nationals was discussed today before the Parliament's Committee on Interior, in the presence of the Minister of Interior, Konstantinos Ioannou, where the introduction of measurable criteria, as well as prohibitions, was underlined so that there is no abuse by natural or legal persons. At the same time, views were expressed in relation to the criteria that will be applied so that they do not hinder investment…
The purchase of land by third-country nationals was discussed today before the Parliament's Home Affairs Committee, in the presence of the Minister of Home Affairs.
AKEL: Debate on the purchase of real estate by foreigners resumes The debate on the acquisition of real estate in Cyprus by foreigners is restarting in the Parliamentary Committee on Interior, with AKEL focusing on the need for stricter and measurable criteria, as well as restrictions on specific areas and categories of land. In its statements after […] Discussion on the purchase of real estate by foreigners resumes – 1 in 2 sales concerns forei…
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