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Monthly Archives: October, 2015

News

Cyprus property buyers debate

Nigel Howarth -
Debating on behalf of some of his constituents who have been stung by the Cyprus property fiasco, Andrew Gwynne MP, Member for Denton and Reddish, recounted events on the floor at Westminster Hall.
News

Cyprus property prices stabilising

Nigel Howarth -
Although Cyprus property prices continued to fall during the third quarter of 2015, there are signs that they may be stabilising in some areas according to the RICS (Royal Institution of Chartered Surveyors) Cyprus Property Price Index.
Legal Matters

Lawyers to face price-fixing challenge

Angelos Anastasiou -
A formal legal complaint against the Cyprus Bar Association at the European Competition Commission is planned by an organisation that is challenging the price-fixing of lawyers' fees in Cyprus for out-of-court cases.
News

Trapped buyers apply for title deeds

George Psyllides -
Around 4,000 ‘trapped buyers’ who have paid for their property but cannot get their Title Deeds have submitted applications since the ‘hidden mortgage’ law came into force on Thursday 3rd September.
News

Cyprus tops bad property loans chart

Editorial -
KPMG's Property Lending Barometer 2015 reports that Cyprus has the highest proportion of impaired real estate loans with 70% of impaired loans (59% serious and 11% minor impairment).
News

Moody’s warns of CHF moral hazard

Editorial -
Ratings agency Moody's warned on Monday that the forced conversion of Swiss franc mortgages would cost the banks at least €250 million, create a 'moral hazard' and make the restructuring of NPLs more challenging.

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