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Archive for November, 2015

URGENT notice – trapped buyers

Nefarious individuals are deceiving ‘trapped buyers’ in Cyprus into believing that they will not be offered the Title Deeds to the property they purchased under the provisions of the ‘hidden mortgage’ law if they bought by way of a housing loan.

Troika concludes eighth review

Subject to four prior actions, the eighth review of the Cyprus economic adjustment programme has been successfully completed by the troika of the island’s international lenders (IMF, EC, ECB).

Loan sale bill passed by whisker

The bill administrating the sale of loans was has been passed by the Cyprus parliament by the narrowest of majorities although it remains to be seen whether it meets with the approval of the troika.

Swiss franc loan time bomb

Time is running out for those with Swiss Franc loans and loans in other foreign currencies who wish to bring a claim against the lending bank within the six year limitation period under the Limitations Law 66(1) 2012.

Cyprus property sales up 23 per cent

Property sales in Cyprus to the domestic market rose in October compared to the number sold in October 2014, while sales to the overseas market fell according statistics published by the Department of Lands and Surveys.

Troika starts eighth evaluation

The eighth evaluation of the Cyprus economic adjustment programme by the island’s troika of international lenders (IMF, EC, and ECB), which ends on 31 March 2016, will get underway today.

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