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Property Sales

Property sales rising steadily

The number of property sales continued to rise in September 2021 compared with the same month last year, according...
Non-Performing Loans

KEPIDES starts bad bank transformation

After some delay, Cyprus has started the process of transforming the Cyprus Asset Management Company (KEDIPES) into a national...
Articles

Real estate outlook gloomy, Nicosia bucks trend

Real estate specialists are not optimistic over the sector's outlook, as property sales are struggling compared to pre-COVID-19 levels. Property...
Investment

New loans for homes reach record high

Net new loans for house purchasing rose to €114 million in June, reaching a new all-time monthly record since...
Scams

Limassol man duped in house sale

A Limassol man paid €60,000 over the internet for a house in Cyprus, which turned out to be a...
Property Prices

Cyprus only EU state with falling house prices

Cyprus was the only EU member state that experienced a fall in annual house prices during the first quarter...
Latest News & Updates

Apartment residents living on the edge

Residents in a hilltop apartment building in Germasogeia, Limassol are living in fear that their complex could collapse at...
Latest News & Updates

Project to redevelop Moni cement plant

Sarels Ltd. has submitted proposals to the Department of Environment for a project to redevelop part of the site...
Legal Matters

Final Approval Certificate

There has been discussion recently about the Certificate of Final Approval (CFA) for someone to occupy a building or...
Investment

Cyprus seeks to attract long term investors

To further attract foreign investment to the island and help economic recovery, Cyprus announced amendments to Regulation 6 (2)...
Non-Performing Loans

700 borrowers unviable for Estia relief scheme

A total of 700 borrowers with non-performing loans (NPLs) amounting to about €173 million were deemed non-viable for loan...
Latest News & Updates

Corruption is the number one problem in Cyprus

Cypriots consider corruption as the biggest problem currently faced by the country with the coronavirus pandemic a close second,...
Articles

Buying properties from banks or investment funds

After 2015, many properties passed into bank ownership, mainly through debt-to-asset swaps or foreclosures. Subsequently, some were acquired by credit...
Non-Performing Loans

Managing toxic loans outside the banking system

Terms like "non-performing loans", "foreclosures", "loan sales" entered our lives in the last decade as a result of the...
Latest News & Updates

Green scheme for homes in Cyprus launches

Applications opened on Tuesday for a scheme that will cover up to 60 per cent of upgrades to make...
Statistics

Building permits authorised for 752 new homes

The construction of 752 new homes was authorised in December 2020 compared to the 1,107 authorised in December 2019...
Legal Matters

First court ruling against bank for unfair terms

Lawmakers on Thursday welcomed the first court judgement against a bank for unfair terms of contract, but still harangued...
Latest News & Updates

Government extends interest rate subsidy scheme

The government has extended the interest rate subsidy scheme for housing and corporate loans until the end of 2021...
Legal Matters

Cyprus failing to enforce EU unfair practices laws

News that the European Commission has sent a reasoned opinion to Cyprus for failing to properly implement and enforce...
Non-Performing Loans

Bad bank would reduce debt mountain

Economists have welcomed the idea of creating a state-owned bad bank to help the banking system offload toxic loans...
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