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19th April 2024
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Yearly Archives: 2019

News

BoC to repossess non-Estia protected properties

Nigel Howarth -
The Bank of Cyprus (BoC) will repossess properties if their owners do not apply for protection under the Estia scheme; it's only received 487 applications from an estimated 2,500 eligible owners.
News

Online property auctions to combat NPLs

Editorial -
An online auctions platform has been launched designed to increase the sale of mortgaged properties whose owners have defaulted on their loan agreement and before a foreclosure has taken place.
Investment

Instability expected in Cyprus real estate sector

Editorial -
Although it's too early to make any conclusions, there are indications that the Cyprus real estate sector may experience significant instability and uncertainty in 2020 according to a PwC report.
News

Court annuls Alpha Bank Cyprus fine

Nigel Howarth -
The Administrative Court has annulled a fine of €250,000 imposed on Alpha Bank Cyprus by the Cyprus Consumer Protection Service (CCPS) in October 2016 for unfair terms in its loan contracts.
News

Cyprus real estate market review

Nigel Howarth -
The PwC Cyprus Real Estate Market review for the 1st half of 2019 reveals that a quarter of all property transactions took place in April, just before stricter criteria were introduced for those applying for citizenship.
News

Estia scheme falling flat on its face

Xinhua -
The Cyprus non-performing loans scheme, Estia, is probably falling flat on its face; applicants need to complete 30 pages with their family income and property details and include 40 to 50 other documents.

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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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