Cyprus Property News for home buyers and real estate investors

Sunday 17th October 2021
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ECB cautions over changing foreclosure law

ECB supervisory board member Elizabeth McCaul advises caution over possible amendments to the Cyprus foreclosure law as they could "backfire and destabilise the banking...

700 borrowers unviable for Estia relief scheme

A total of 700 borrowers with non-performing loans (NPLs) amounting to about €173 million were deemed non-viable for loan subsidisation under the Estia scheme,...

Loan repayment holiday until June 2021

The Central Bank of Cyprus (CBC) has approved a new loan repayment moratorium until the end of June because of the COVID-19 pandemic's consequences...

Small drop in non-performing loans

Cyprus' non-performing loans (NPLs) recorded a small decrease by €13.5 million, totalling €6.52 billion at the end of August, according to the latest data...

Cyprus residential property prices decelerating

The Residential Property Prices Index (RPPI) for the first quarter showed signs of slowing down due to the stricter criteria imposed on the Cyprus...

Upward trend in property price index slows

The Cyprus Residential Property Price Index (RPPI) continued its upward trend albeit with a declining pace, affected by the reduced demand from foreign investors...

NPLs in Cyprus rise for second month

Non-performing loans (NPLs) rose for a second consecutive month in May amounting to €8.05 billion with non-performing exposures (NPEs) dropping by €11 million to €10.13 billion, or some 30.8% of total loans.

Cyprus strong growth momentum continues but…

Cyprus' economic expansion is set to remain robust, driven by domestic demand, but risks are tilted to the downside, according to the European Commission's spring 2019 economic forecast.

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