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  • Real estate prices expected to fall

    Real estate prices expected to fall

    Pundits in the real estate sector expect that property prices will continue to fall in 2015 but believe that interest from overseas buyers will continue due to incentives introduced by the government.

  • Annual property sales up 20 per cent

    Annual property sales up 20 per cent

    For the first time since 2010 the number of property sales in Cyprus increased in 2014 compared to the previous year fuelling speculation amongst pundits that that this increase will continue in 2015.

  • Protection for crisis-stricken homeowners

    Protection for crisis-stricken homeowners

    Crisis-stricken homeowners will be offered protection against foreclosure under the provisions of the fourth bill of the ‘insolvency framework’, which has been handed to political parties for their views.

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  • Bank loans of up to €15,000 will be written off

    Bank loans of up to €15,000 will be written off

    Bank loans of up to €15,000 will be written off if low income borrowers can demonstrate their inability to service them under the provisions of the insolvency framework being discussed by the House...
  • Cyprus programme review delayed

    Cyprus programme review delayed

    The European Commission has said that it cannot continue with the next review of the Cyprus adjustment programme following a decision by parliament to delay the Foreclosures Law...
  • Swiss Franc loans may cost more

    Swiss Franc loans may cost more

    The scrapping of the minimum exchange rate by the Swiss National Bank may increase the financial burden on those who have bought property with loans denominated in Swiss Francs...
  • Cabinet gives the nod to fourth insolvency bill

    Cabinet gives the nod to fourth insolvency bill

    Yesterday the Cyprus Council Ministers (Cabinet) approved the fourth of five bills comprising the insolvency framework designed to update and amend the personal and corporate bankruptcy laws. ..

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