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  • Title Deeds: 'a complete and utter mess'

    Title Deeds: ‘a complete and utter mess’

    Although MPs voted though amendments preventing banks from repossessing homes that people have paid for, home buyers will still be unable to secure their Title Deeds until the developers debts have been repaid.

  • MPs vote to protect home buyers (update)

    MPs vote to protect home buyers (update)

    MPs have voted to protect home buyers who are unable to obtain the deeds and who face the threat of losing their homes if their developer fails to repay his loans or becomes insolvent.

  • Cyprus Bar Association in the dock

    Cyprus Bar Association in the dock

    The Cyprus Bar Association’s minimum fees for out-of-court work violate the Treaty on the Functioning of the European Union; a formal legal complaint against the Association at the European Commission is planned.

  • More Recent Reports

  • Foreclosure protection for deed-less buyers

    Foreclosure protection for deed-less buyers

    Parliament has asked the Cyprus government to exempt from foreclosure buyers who bought property from insolvent developers and who risk losing their homes even though they may have paid for them in full...
  • Opposition slams insolvency bill

    Opposition slams insolvency bill

    Opposition parties AKEL and EDEK have slammed the final bill in the insolvency framework claiming that it does not offer absolute protection for home owners and others who are unable to repay their loans...
  • Optimism over insolvency framework

    Optimism over insolvency framework

    The last of the five bills comprising the insolvency framework was approved by the Cyprus cabinet on Friday and government spokesman Nicos Christodoulides is optimistic that Parliament will endorse the framework. ..
  • Problem housing loans below 10 percent

    Problem housing loans below 10 percent

    Based on the preliminary results from the Bank of Cyprus, problematic housing loans account for just 9.4% of its non-performing loans of €12.7 billion and only 10.2% of its NPLs in Cyprus...

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