Cyprus Property News for home buyers and real estate investors

Monday 19th April 2021
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Tag: non-performing loans

Possible foreclosures law changes worry banks

Banks have expressed concerns over possible changes to the foreclosures law as they fear appeals could be stuck in the island's slow courts for many years negatively impacting their business.

Renewed call to reform Title Deeds system

The EC and the ECB have renewed their call on Cyprus to "swiftly address the long-overdue reform of the title deeds issuance and transfer system" at the completion of their 6th PPS mission.

Trapped buyers still at banks’ mercy

Despite promises made by deputies last November that they intended to resolve the 'trapped buyers' mess by Christmas, it seems that little (if any) progress has been made towards its resolution.

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