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Monthly Archives: July, 2018

News

Doubts over new moves on Title Deeds

George Psyllides -
Questions remain over how the gentlemen's agreement enabling 'trapped buyers' to get the Title Deeds to properties they purchased and paid for in good faith will work in practice; the Association of Cyprus Banks has yet to respond.
News

Larnaca Tower plans progressing

Nigel Howarth -
It looks as if a high-rise development 'Larnaca Tower' will soon get underway in the seafront area of Phinikoudes if the paperwork submitted by the Russian investor Nikolai Potapenko is approved by the authorities
News

No tax on mortgaged property sales

Staff Reporter -
Those selling their mortgaged property in Cyprus to reduce or repay their mortgage debt will be exempt from paying capital gains, income tax, special defence contributions, as well as stamp duty and transfer fees.
News

Cyprus house prices fall 1.8 per cent

Nigel Howarth -
The Cyprus house price index (HPI) fell by 1.8 per cent in the first quarter of 2018 but rose 3.7 per cent on an annual basis according to a preliminary estimate by the Cyprus Statistical Service (CYSTAT).
Articles

What the new foreclosure bills mean

Elias Hazou -
The new foreclosure bills passed by the Cyprus parliament expedites foreclosure proceedings, makes it easier for financial institutions to remove bad loans from their balance sheets, and increases the number of borrowers eligible for insolvency schemes.
News

Tougher insolvency & NPL laws

Nigel Howarth -
MPs approved tougher laws for dealing with non-performing loans (NPLs) and foreclosures that should also enable trapped buyers to get a Title Deed at a special plenary session of the Cyprus parliament yesterday.

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