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All reports tagged with: "mortgage"

Demolition and black-listing threat in Cyprus

The Overseas Property Professional has reported on recent developments in Cyprus with ETEK calling for the demolition of illegal building and MEP Daniel Hannan calling on the European Commission to send a fact-finding mission to Cyprus.

Opinion: Cyprus Title Deed law changes

Will the latest changes to the Cyprus Title Deed laws currently before parliament untie the ‘Gordian Knot’ as the Minister of the Interior has stated they would? Although they will bring relief to some people, it appears that those who have been duped into buying mortgaged property will be left to fend for themselves.

Changes to Cyprus Title Deed laws revealed

A senior Department of Lands and Surveys official has revealed the changes to the laws of Cyprus designed to untie the ‘Gordian Knot’ preventing the issue of some 130,000 Title Deeds to properties on the island.

Buying overseas property safely

The AIPP (the UK based Association of International Property Professionals) has published a consumer guide entitled ‘Buying Overseas Property Safely’ to help those buying property in Cyprus and other overseas locations.

Recovery plan for struggling Britons in Cyprus

Financial services group Marcus James has launched a recovery scheme for Cyprus that offers to take properties off the hands of struggling Britons who can no longer afford their mortgage repayments.

Cyprus property market speculators lose out

Foreigners who invested in property on the divided island of Cyprus have found their houses were in many cases built by debt strapped developers.

Ban the sale of mortgaged property

An overwhelming percentage of our readers who voted in a recent on-line poll want the Cyprus government to ban the sale of mortgaged property.

Built on greed and nepotism says Cyprus protester

The property industry in Cyprus is built on greed and nepotism. The developers borrow money from the bank using people’s homes as collateral and the banks and lawyers are part of the deception. I have proof that my home has been mortgaged by my developer.

Title Deed reforms worth millions next year

Based on assumptions about the charges levied for the issue of Title Deeds & expectations of the number of properties that will be processed, Neoclis Sylikiotis believes that the Cyprus Government could receive €160 million next year alone as a result of his reforms.

Bank actions cast doubt on Interior Minister assertion

The case of a divorced young woman reported in the Cyprus Weekly casts serious doubt on the Interior Minister’s assertion that it is not a simple matter for a bank to liquidate a property to recover a debt in Cyprus.

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