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All reports tagged with: "title deeds"

Shed a tear for the whinging banks

The Cypriot banks that failed to manage property developers’ loans are whinging that they cannot be held responsible for developers using the money they received from house sales for some other purpose.

Cabinet approves hidden mortgages bill

Interior Minister Socrates Hasikos has announced that the basis of the bill to resolve the ‘hidden mortgages’ problem that prevents thousands obtaining Title Deeds to the property they purchased has been agreed by the Cabinet.

Eurogroup statement on Cyprus

The Eurogroup has called on Cyprus to tackle the very high stock of arrears by facilitating the sale of loans and ensuring that title deeds are transferred to property buyers without delay.

Troika tightens screws on Cyprus property

The troika of Cyprus international lenders will not release the seventh tranche of the bailout loan until Cyprus property buyers who have paid in full have their title deeds transferred within 6 months.

Cyprus property title deeds backlog

The unacceptable delays in issuing property Title Deeds by the Cypriot authorities is in the spotlight once again with MEP Vicky Ford requesting an update on progress from the European Commission.

Hidden mortgage breakthrough

Interior Minister Socratis Hasikos has announced that the government intends to introduce legislation to resolve the ‘hidden mortgage’ problem that leaves thousands of buyers unable to get Title Deeds.

Title deeds saga likely to be kicked down the road

The fate of the title deeds law which the President refused to sign will be decided by the plenum on Friday, although it seems likely that MPs will kick the can further down the road again.

President abandons home buyers

In a move that many consider will destroy the island’s property market, President Anastasiades has rejected the ‘home buyers’ protection bill’ passed by Parliament on 19th March.

Title Deeds: ‘a complete and utter mess’

Although MPs voted though amendments preventing banks from repossessing homes that people have paid for, home buyers will still be unable to secure their Title Deeds until the developers debts have been repaid.

Troikans bump into elephant

During their recent visit to Cyprus, the delegation from the island’s troika of international lenders bumped into the elephant in the room; the unacceptable delay in issuing Title Deeds.

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