General Date Protection Regulation ( GDPR )

General Date Protection Regulation ( GDPR )   Ioannis Michalaki & Associates Valuers and Property Consultants LLC (HE 151076) Privacy and security policy   Ioannis Michalaki Valuers and Property Consultants LLC is a Chartered Surveyors Firm offering extensive property valuation and town planning services. As Chartered Surveyors Firm , we are committed to preserving your personal data that we handle…

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Requirements in the European data protection, cybersecurity and consumer protection legislation

Regulation on the protection of natural persons with regard to the processing of personal data and on the free movement of such data (General Data Protection Regulation) (679/2016/EU)   Purpose limitation This criterion requires financial institutions to be able to justify the use of certain data categories as well as ensure the data is accurate and updated over time. This…

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What a typical Property Valuation Report includes according to RICS Standards

The Valuation Reports include mainly the following information:   Date of Inspection The Report states the date of the onsite inspection of the Property by our Surveyors. Purpose of Valuation The Purpose varies according to the clients instructions. It may be instructed for Bank Purposes, or informationalpurposes or for the client to know the value of his property, or tax…

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Limassol upcoming skyline fears

  Limassol’s construction ambitions are rising vertically, but many argue that the new high-rise buildings are unsightly and clutter the landscape, but it seems that the problems are far more serious. There is a rumbling of discontent among local Limassol residents as they see their city skyline transforming from day to day. Many argue that the new high-rise buildings are…

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Banks helped by increased building permits

Banks helped by increased building permits Although Cypriot banks continue to face significant asset quality challenges, a sustained increase in demand for building permits would improve their asset quality says ratings agency Moody’s. A SUSTAINED increase in demand in building permits will assist Cypriot banks to improve their asset quality in the real estate sector, rating agency Moody’s says, as…

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House Price Index from Statistical Service of Cyprus Q1 2016

Τhe Statistical Service of Cyprus publishes for the initial time the HPI which is a quarterly index that measures the change in the average prices of residential dwellings. It captures all types of residential properties, which are both new and existing. Consistent with preliminary estimate of the Statistical Service, the HPI for the first zone of 2016, amounts to 86,32…

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RICS Cyprus Property Index Q4 2015 ‘Signs of stability’

This is the twenty-fifth publication of RICS Cyprus’ Property Price Index, a quarterly price and rental index which is primarily based on methodology produced by the University of Reading, UK. The Index tracks property and rental prices across all districts and essential property types. Introduction & Commentary  During the fourth quarter of 2015 the Cyprus economy showed some signs of…

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What You Should Know About Cyprus Real Estate Valuation

Estimating the value of real property is necessary for a variety of endeavors, including real estate financing, listing real estate for sale, investment analysis, property insurance and the taxation of real estate. For most people, determining the asking or purchase price of a property is the most useful application of real estate valuation. This article will provide an introduction to the basic concepts and methods of real estate valuation, particularly…

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