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The fly in the ointment

Parliament should go ahead and name-and-shame all those who have enjoyed privileged loans from the banks, some of which were for personal use and vast amounts were written off.
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NPLs in the land of freebees and populism

Non-performing loans (NPLs) have reached €26 billion and continue their upward trend while property prices continue their downward march. Valuable time has been lost unnecessarily.
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Curing the non-performing loans disease

Following the implementation of an economic adjustment programme in a number of EU member states, different countries have adopted different strategies for dealing with non-performing loans.
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How many properties without Title Deeds?

Although a figure of 130,000 has often been quoted for the number of properties waiting to be issued with Title Deeds, this was based on statistics published by the Department of Lands and Surveys in 2008.
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Property Developers: Run Forrest! Run!

If property developers fail to repay their bank loans, then the banks may not have sufficient funds to repay us the money that we deposited with them that they used to finance these loans.
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Stemming the rise of non-performing loans

If the rise in non-performing loans is to be stopped, the Cypriot banks need to start thinking 'out of the box' and employ innovative approaches that can provide short and long-term solutions to the problem.
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Sovereign Base Areas development agreement in full

Full details of the arrangement between the government of Cyprus and the government of the United Kingdom relating to the regulation of development in the Sovereign Base Areas released.
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Revised Land Registry charges published

The Department of Lands and Surveys has published a list of its revised charges and fees, many of which came into effect during 2013 and have been in operation for several months.
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Interview with Matthew Kidd, the High Commissioner

During our discussion we touched on many issues facing those who have bought property in Cyprus including the problems of hidden mortgages, Title Deeds and possible repossessions.
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The state of our economy

Let's engage in some self-criticism, recognize our mistakes, and try to overcome the impasses, shedding old habits; and this goes for businesses and banks alike. It's time for us to change.
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Cyprus Property News review of 2013

With the year coming to an end, we look back at the most significant events that have taken place over the past twelve months that have helped shape the Cyprus property market.
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Debt relief or foreclosures?

The debate continues as to whether a debt relief programme should be introduced to assist those who can no longer afford the loan repayments on their first home to avoid foreclosure.
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Cut interest rates, write off debt …

The Cyprus government must take a close look at the excessive household and business debt, and urgently raise the issue of possible debt write-offs, obviously under certain conditions and restrictions.
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You can’t produce a baby in one month

Warren Buffet's quote "You can't produce a baby in one month by getting nine women pregnant" is an excellent metaphor of what Cyprus needs most; patience. Pavlos Loizou explains.
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Stricter procedures for granting loans

Under a draft directive issued by the Central Bank of Cyprus, which is still under discussion, banks must consider a borrower's ability to repay a loan rather than the value of its underlying collateral.
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Bank of Cyprus loan restructuring appeals

Borrowers wishing to restructure their credit facilities with the Bank of Cyprus may complete a Submission of Appeal on Restructuring Form and return it to the bank by post or email.
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Will Cyprus adopt a debt relief package like Iceland?

Will Cyprus follow the example of Iceland and launch a mortgage debt relief programme to assist households who can no longer able to afford to maintain their mortgage repayments?
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Title Deeds, Mr Anastasiades

Nothing will happen to resolve the Title Deed fiasco unless President Anastasiades grasps the importance of this problem which, with the exception of various vacuous promised, his predecessors have ignored.
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Land Registry charges revised

Earlier this year the Department of Lands and Surveys revised the charges it levies for various services provided to the public, but these have yet to be published in its 'Citizens Charter'.
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The troika’s title deeds demands

The MoU agreed between the troika and the government of Cyprus requires that the backlog of Title Deeds waiting to be issued for more than one year is reduced to less than 2,000 by quarter 4 of 2014.
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