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Troika discussing title deeds delay

The Troika delegation is continuing its meetings in Cyprus and will be discussing the delays in issuing title deeds today as part of its third review of the economic adjustment programme.

Troika anticipates property market recovery

The chairman of the Cyprus Land and Building Developers Association (LBDA) has reported that the Troika believes that there will be a recovery in the island’s property market in 2014.

NPLs of 22 developers highlighted by Troika

Troika calls for the non-performing loans of the top 22 corporates and real estate developers to be dealt with by “Special Projects Division” within the Bank of Cyprus to get them performing again – or seize collateral.

Title Deeds, transfers, mortgages and permits report

The Department of Lands and Surveys has published its second set of statistics relating to one of the provisions agreed between Cyprus and the troika in the Memorandum of Understanding (MoU).

Title Deeds, Mr Anastasiades

Nothing will happen to resolve the Title Deed fiasco unless President Anastasiades grasps the importance of this problem which, with the exception of various vacuous promised, his predecessors have ignored.

The troika’s title deeds demands

The MoU agreed between the troika and the government of Cyprus requires that the backlog of Title Deeds waiting to be issued for more than one year is reduced to less than 2,000 by quarter 4 of 2014.

Revised Memorandum of Understanding (Updated)

Update 11 November. Updated MoU available. Earlier today the Finance Minister and the Troika agreed an updated MoU; discussions included the avoidance of mass and uncontrollable liquidations resulting from non-performing loans.

Hellenic Bank recapitalised

The Hellenic Bank has announced its successful recapitalisation following a 24-hour grace period it received from the troika, with three firms offering a total of over €100 million for its recapitalisation.

Immovable Property Tax vote set for Thursday

Having debated changes to Immovable Property Tax for more than a month, it is expected that MPs will vote on the various proposals to amend the law at a Plenary session of parliament on Thursday.

Title Deed issuance progress and mortgages

The Department of Lands and Surveys has published the first in a series of statistics relating to one of the provisions agreed between Cyprus and the troika in the Memorandum of Understanding (MoU).

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