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Archive for 2015

Title Deeds & the financial crisis

The solution to the Gordian Knot is simple, no property transaction without a Title Deed should be legal – and a state that respected the rights of its citizens would not have waited for a solution to be imposed by the Troika.

Chinese interest increasing

Chinese investor interest in Cyprus has grown dramatically over the past year with the juwai.com Purchasing Intent Index reporting the highest increase of all the Mediterranean countries.

Central Bank blasted on FX loans

The Central Bank of Cyprus has been blasted by the Borrowers Association accusing it of not regulating the banks correctly when they were granting loans in Swiss francs and other foreign currencies.

Banks to take hit on Swiss Franc loans?

The majority of the House Finance Committee wants the Cyprus banks to take a hit of around €170 million on €1 billion of Swiss Franc housing loans despite objections raised by the Cyprus Central Bank.

Property sales up 3 per cent

The number of property sales in Cyprus during September rose 3 per cent compared with the numbers sold in September 2014 according to official statistics published by the Department of Lands and Surveys.

Cyprus property prices rising

House prices in Cyprus rose during the second quarter of 2015 according to figures published earlier today by Eurostat, the statistical office of the European Union, contradicting both recent reports by the Cyprus Central Bank and RICS (Cyprus).

CHF loans: Another banking scandal?

Approximately 11,000 borrowers were granted loans denominated in Swiss francs (CHF) by banks in Cyprus and the billion Euro question is whether the banks communicated the risks.

Urgent action needed to save Pissouri homes

The House Interior committee has called on the Limassol District Office to take immediate action to deal with the land slippage in the Limnes area of Pissouri that is affecting 60 homes.

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.

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