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All reports tagged with: "loans"

Oh, what a tangled web we weave

The absence of Title Deeds for half of the houses on the island of Cyprus is no help to the construction, trade, and indicative of haphazard practice.

Ban the sale of mortgaged property

An overwhelming percentage of our readers who voted in a recent on-line poll want the Cyprus government to ban the sale of mortgaged property.

Desperate developers fall prey to funding fraud

Developers in Cyprus may have fallen for an alleged £12 million fraudulent loan scheme in the UK according to a report from the Overseas Property Professional (OPP), highlighting their vulnerability at a time when commercial funding is much harder to source.

Bank actions cast doubt on Interior Minister assertion

The case of a divorced young woman reported in the Cyprus Weekly casts serious doubt on the Interior Minister’s assertion that it is not a simple matter for a bank to liquidate a property to recover a debt in Cyprus.

Non-performing bank loan restructuring

Reports suggest that the Cyprus banks are restructuring unpaid loans to avoid them having to be classified as ‘non-performing’ as required under the Basel II Accord.

The end of Cyprus’ remarkable real estate boom

The amazing Cyprus real estate boom is over. The weak pound and the UK economic problems have prompted potential British buyers, who account for 70% of overseas property sales, to look elsewhere according to a report by the influential Global Property Guide.

Cyprus banks still face liquidity problems

In May, the “liquidity level” in the Cyprus banking system (deposits minus loans) stood at just €1.8 billion against €1.99 billion in April and €8.5 billion a year ago.

Bank of Cyprus offers cheap housing loans

The Bank of Cyprus, is offering attractively priced loans of up to EUR 1.5 billion earmarked for housing, business and the hotel/construction industries.

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