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All reports tagged with: "financial crisis"

Bills to protect homeowners from eviction discussed

Two bills designed to prevent banks seizing primary residences used as collateral for non-performing loans below 300,000 Euro have been discussed by parliament’s legal affairs committee.

Home sales hit a record monthly low

With property sales in Cyprus once again hitting a record monthly low in April, there appears to be a growing interest by overseas buyers in the districts of Paphos, Larnaca and Famagusta.

Crisis shakes overseas investor confidence

Honorary president of the Cyprus chapter of the International Real Estate Federation (FIABCI), Nicolas Lemonaris, has said that the financial crisis has shaken the confidence of potential foreign investors.

Price falls loom in wake of bailout

In the wake of the island’s financial bailout, property prices in Cyprus are anticipated to fall according to the chairman of the Property Valuers Association which has temporarily suspended work.

Vanishing Cyprus: banks bailout – the big lie!

One day, it may be necessary for Cyprus to pull out of the euro to regain its social and economic independence as the “one-size-fits-all” policy has not worked for most EU member states.

Cyprus real estate: Is PAMELA coming for a visit?

If the Troika’s bailout conditions for Cyprus are implemented, what will be the impact on the island’s real estate market? Will we achieve PAMELA, the Proper Asset Management of Estates, Loans and other Assets?

Russia to coordinate Cyprus loan decision with EU

Russia has said that it would only grant a bailout loan to Cyprus as part of a coordinated rescue with the EU for the island state, which it said was seeking a total of €20 billion in aid.

EU bailout request by end of June

As Cyprus scrambles to announce a new package of austerity measures, some pundits predict that a request for a bailout from the EFSF may be imminent saying this could happen by the end of June.

Could Cyprus be the next domino to fall

In a programme first broadcast on the BBC News Channel earlier today, HARDtalk’s Stephen Sackur asks the former finance minister Michalis Sarris if Cyprus could be the next domino to fall in the Eurozone crisis.

Cyprus: A country in denial and a scandalous political leadership

Despite frequent warnings from the market, the ECB and the Cyprus Central Bank and repeated downgrades by the credit ratings agencies, Cyprus and its political leadership remain in denial.

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