Cyprus Property News for home buyers and real estate investors

Tuesday 1st December 2020

George Mountis BSc, MSc, Ph.D

Investment opportunities in Cyprus

In a question and answer session Dr George Mountis of Emergo Wealth discusses the opportunities for institutional investors who may be considering investing in the Cyprus real estate market.

Curing the non-performing loans disease

Following the implementation of an economic adjustment programme in a number of EU member states, different countries have adopted different strategies for dealing with non-performing loans.

Stemming the rise of non-performing loans

If the rise in non-performing loans is to be stopped, the Cypriot banks need to start thinking 'out of the box' and employ innovative approaches that can provide short and long-term solutions to the problem.

Housing loan rates down, business loan rates up

Although housing loan interest rates continued to fall in December, business loan rates increased reversing an earlier downward trend according to the latest statistics from the Cyprus Central Bank.

The state of our economy

Let's engage in some self-criticism, recognize our mistakes, and try to overcome the impasses, shedding old habits; and this goes for businesses and banks alike. It's time for us to change.

Cut interest rates, write off debt …

The Cyprus government must take a close look at the excessive household and business debt, and urgently raise the issue of possible debt write-offs, obviously under certain conditions and restrictions.

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