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19th April 2024
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Yearly Archives: 2013

Articles

You can’t produce a baby in one month

Pavlos Loizou MRICS VRS -
Warren Buffet's quote "You can't produce a baby in one month by getting nine women pregnant" is an excellent metaphor of what Cyprus needs most; patience. Pavlos Loizou explains.
News

Serious decline in construction sector continues

David Crowther -
The decline in the island's construction sector continued in September with the number of building permits authorised during the month falling by 30 percent compared to the same period last year.
News

Property sales slump slows

Nigel Howarth -
Although property sales during the month of November was less than the number sold in the same month last year, the annual rate of decline has slowed to 41 percent according to the latest Land Registry statistics.
Articles

Stricter procedures for granting loans

Nigel Howarth -
Under a draft directive issued by the Central Bank of Cyprus, which is still under discussion, banks must consider a borrower's ability to repay a loan rather than the value of its underlying collateral.
News

Concerns raised over home repossessions

Poly Pantelides -
As the debt crisis continues and property developers fold, some 6,000 cases are pending with the land registry relating to non-performing loans and properties held as collateral and subject to repossession.
Articles

Bank of Cyprus loan restructuring appeals

Nigel Howarth -
Borrowers wishing to restructure their credit facilities with the Bank of Cyprus may complete a Submission of Appeal on Restructuring Form and return it to the bank by post or email.

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Established in 2004, Cyprus Property News is the Island’s leading on-line resource for overseas home buyers and property investors.

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