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Debt-to-asset swaps distort property sales

Although property sales in Cyprus appear to have increased by 25 per cent during the first five months of 2016, the numbers include debt-to-asset swaps as part of the banks’ restructuring deals.

Applying for Title Deeds (update 17 May)

Following the many emails I’ve received this article explains how buyers may apply for the Title Deeds to the property they purchased under the provisions of the ‘hidden mortgage’/’trapped buyers’ law.

Time running out for UK expats

The Electoral Commission is urging UK expats to register and vote in the EU referendum that will be held on 23rd June to decide whether the United Kingdom will remain or leave the European Union.

50,000 housing units in Cyprus unsold

Up to 50,000 housing units in Cyprus have remained unsold for a considerable time based on the difference between the number of building permits authorised and contracts of sale deposited at Land Registry offices.

Resolving NPLs with innovative solutions

A recent seminar in Nicosia focused on the options open to banks in dealing with non-performing loans (NPLs) in Cyprus. Financial expert Erol Riza sums up the advice from key international financial institutions.

UK Expats #YourVoteMatters in the EU referendum

UK citizens living in Cyprus are encouraged to register and vote in the forthcoming referendum to determine whether the United Kingdom continues to remain a member of the European Union.

Property market review & expectations for 2016

Transaction volume in the property market will remain at low levels throughout 2016 with prices of prime assets bottoming out during the first half of the year, with demand for secondary assets almost non-existent.

Top 10 most read articles of 2015

Once again Cyprus Property News attracted more than a million visitors over the past year and here is our list of the Top 10 stories most read new stories and articles by you – our readers.

Central Bank must do more to solve NPL problem

The Central Bank of Cyprus (CBC) must push for a greater volume and quality of loan restructurings in addition to halting the creation of new non-performing exposures, for which it has implemented a framework of objectives.

Title Deeds & the financial crisis

The solution to the Gordian Knot is simple, no property transaction without a Title Deed should be legal – and a state that respected the rights of its citizens would not have waited for a solution to be imposed by the Troika.

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