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Cyprus property prices threaten financial stability

Cyprus property prices continue to represent one of the biggest risks to the country's financial stability, according to the...
Latest News & Updates

Applications open for mortgage-to-rent scheme

Applications are now being accepted for the "Mortgage-to-rent" scheme, offering relief to eligible homeowners. The programme, designed to ease...
Non-Performing Loans

Cyprus still burdened by nearly €20bn in non-performing loans

Confidential figures from the Central Bank of Cyprus reveal that Cyprus continues to face a major private debt problem,...
Latest News & Updates

55% of borrowers facing foreclosure reach restructuring deals

More than 71,600 borrowers in Cyprus have had their loans transferred to credit acquisition and servicing company portfolios since...
Latest News & Updates

Non-performing loans now worse than 2013 crisis

Cyprus' non-performing loans have climbed beyond levels seen at the height of the 2013 financial crisis, intensifying political pressure...
Legal Matters

Sharp rise in sub-€350k primary homes sold at auction

Recent figures from the Central Bank of Cyprus point to a sharp rise in the number of primary residences...
Latest News & Updates

Vulture funds slammed over foreclosures on refugee homes

In a move that shines a brutal spotlight on the aggressive tactics deployed by debt-recovery players, the parliamentary refugee...
Legal Matters

Vulture funds attacked by MPs

The Chairman of the Parliamentary Legal Affairs Committee, Nicos Tornaritis, has hit out at vulture funds for refusing to...
Non-Performing Loans

Troika still sees spectres of the 2013 financial crisis

The Troika of international lenders expressed concern over Cyprus' slow progress in reducing legacy Non-Performing Loans (NPLs) and persistent...
Latest News & Updates

How many properties and loans do vulture funds own?

At the end of 2024, the total value of loans held by Credit Acquisition Companies (better known as vulture...
Articles

Stop vulture attacks on trapped buyers

Government intervention is needed to stop Credit Acquiring Companies, better known as Vulture Funds, demanding money from debt-free trapped...
Non-Performing Loans

Hellenic Bank welcomes mortgage-to-rent scheme

"We welcome this plan as a favourable arrangement, ensuring housing for vulnerable households," Hellenic Bank interim Chief Executive Officer...
Non-Performing Loans

EC Report for Cyprus analyses the economic situation

The Cyprus Post-Programme Surveillance Report for Autumn 2023, which has been prepared by the European Commission's Directorate-General for Economic...
Legal Matters

Foreclosures laws to be discussed in parliament

Today marks a crucial development in the landscape of property foreclosures as the Parliament is set to deliberate on...
Legal Matters

Mortgage-to-rent scheme effective in December

The mortgage to rent (MtR) scheme for vulnerable borrowers will come into effect on December 4, finance ministry permanent...
Legal Matters

Foreclosures saga gets ugly

The foreclosures row rumbles on as the latest episode in the saga played out when parliament voted against two...
Latest News & Updates

Mortgage to rent scheme launched

The government greenlighted the mortgage-to-rent scheme, the latest lifeline for defaulted borrowers, following approval from the European Commission. Government spokesperson...
Legal Matters

President calls for meeting on foreclosures issue

President Nikos Christodoulides has called for a meeting with all political parties at the presidential palace on Monday, to...
Latest News & Updates

Numerous foreclosure sales expected

Approximately 6,000 foreclosure sales per year are anticipated to take place in 2023 and 2024 due to the large...
Legal Matters

EU sceptical over mortgage-to-rent scheme

Brussels may not be keen on greenlighting the Mortgage-to-Rent scheme, the latest lifeline to defaulted borrowers, despite authorities declaring...
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