Latest Headlines

All reports tagged with: "liquidation"

Delinquent developers ultimatum

The Bank of Cyprus is to offer a last chance to delinquent developers, including Leptos Estates, Aristo Developers, Pafilia Property Developers, to start repaying their debts or face the consequences.

Grim outlook for Paradise Hills buyers

The outlook looks bleak for buyers on the unfinished Paradise Hills estate at Marathounda in Paphos as the development company, MDB properties, is in provisional liquidation despite their appeals to the Bank of Cyprus.

Cyprus Title Deeds bank extortion (updated)

Update – 13 February. Receivers acting for the Alpha Bank are threatening to sell the homes of people who purchased property from defunct developer unless those people pay off the developer’s defaulted mortgages, their taxes and other creditors.

SNK Venus & SNK Exclusive liquidation proceedings

Buyers of property in Cyprus from SNK Venus Home Developers Ltd and SNK Exclusive Properties Ltd are advised that liquidation proceedings against the companies will be heard in May and June at the Larnaca District Court.

Back to top