Property Valuations for Court Purposes in Cyprus

In Cyprus, property valuations for court purposes are a critical component of the legal and regulatory framework. These valuations must be carried out by qualified and registered property valuers and are used in various legal contexts, including compulsory acquisition, rent control disputes, and town planning compensation cases.

1. Compulsory Acquisition:
When the government or a public authority acquires private land for public use—such as infrastructure projects—property owners are entitled to fair compensation. Independent valuations assess the market value of the property at the date of acquisition, including potential loss of income, severance, and injurious affection.

2. Rent Control:
In cases involving disputes under the Rent Control Law, valuations are used to determine fair and reasonable rent levels. These valuations consider factors such as the property's condition, location, age, and comparable market rentals, ensuring both landlords and tenants are treated fairly.

3. Town Planning Compensation:
When development rights are restricted due to zoning regulations or town planning decisions, affected property owners may claim compensation. Valuations in such cases estimate the difference in value resulting from the planning restrictions, following guidelines set by the Department of Town Planning and Housing.

All court-related valuations in Cyprus must adhere to the standards of the RICS (Royal Institution of Chartered Surveyors) or the Cyprus Scientific and Technical Chamber (ETEK), ensuring accuracy, transparency, and credibility.

Reliable property valuations are essential for achieving just outcomes in legal disputes and safeguarding property rights within the Cypriot legal system.