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Monthly Archives: September, 2015

Property prices falling more slowly

The latest residential property price index published by the Cyprus Central Bank reports that house prices are falling more slowly and the CB expects them to stabilise around 2006 levels.

Video killed the radio star

Nobody really understands what property valuers do, they don't make 'big bucks' like Chartered Accountants and everyone is usually shouting at them to 'produce' the value that they want.

Inheritance in the EU

Citizens of both EU and non-EU countries who are resident in Cyprus may choose which EU country’s courts will have jurisdiction to deal with the inheritance and which law the courts will apply.

NPLs remain obstinately high

Latest figures from the Cyprus Central Bank reveal that non-performing loans (NPLs) continue to remain high despite the implementation of the foreclosures and insolvency laws three months ago.

Swiss Franc loan solution sought

The Cyprus Central Bank is going to investigate the impact on the banks in the event that they convert loans denominated in Swiss Francs, which amount to €1 billion, into Euro.

Further progress anticipated

The latest MoU between Cyprus and the troika of its international lenders will result in further progress being made to resolve the many issues faced by those who plan to buy or who have bought property in Cyprus.

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