MARKET TRENDS

Banks criticised for badgering borrowers

The House Finance Committee on Thursday discussed concerns over recent banking practices including a deluge of letters being sent to loan holders and guarantors and a failure to respond to borrowers a [...]

BY OPulse Admin
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Nov 08 2014

Hydrocarbons discovery should promote cooperation

President Nicos Anastasiades has expressed hope that all those involved in peaceful efforts to resolve the Cyprus problem and respect the principles and values of the United Nations and the EU will co [...]

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BY OPulse Admin
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Nov 04 2014

Property Sales Display Increase

Property sales displayed an increase in September, albeit in the shadow of concerns over the fate of the foreclosures bill. The number of submitted sales documents reached 373 in September, a 31% incr [...]

MARKET TRENDS
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BY OPulse Admin
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Oct 12 2014

Construction sector worst non-payers

Half the businesses in Cyprus are failing to repay their loans, with the construction sector being the worst offender as non-performing loans reached 72 percent in June according to the Central Bank. [...]

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BY OPulse Admin
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Aug 29 2014

New Bills Approved for Protection of Troubled Borrowers

Another step has been taken in the Government’s quest to ensure the passing of the mandatory foreclosures legislation; a prerequisite for the disbursement of the next tranche of the island’s €10 [...]

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BY OPulse Admin
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Aug 23 2014

Georgiades: Tolerance is Unfair to Borrowers Who Pay Their Dues

Cyprus’ political parties convened yesterday to continue fervent discussions regarding the controversial drafted foreclosures law. All parties, excluding ruling Democratic Rally, expressed their dis [...]

MARKET TRENDS
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BY OPulse Admin
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Aug 12 2014

Criteria for Immovable Property Appraisals Should be Made Public

The Cyprus Scientific & Technical Chamber (ETEK) has demanded that the Land Registry publish the criteria it has used to determine immovable property values for taxation purposes, explaining that [...]

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BY OPulse Admin
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Aug 08 2014

Foreclosure bill protects primary residences

THE CABINET approved on Wednesday the amendments to the bill that were considered after pressure from all stakeholders, including political parties, property developers and home-owners, who wanted cer [...]

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BY OPulse Admin
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Aug 02 2014

American Investors Consider Leasing Ledra Palace

American investors have expressed interest in leasing and operating the Ledra Palace Hotel in the buffer zone in Nicosia, Archbishop Chrysostomos has revealed. The Cyprus Mail reports that the Archbis [...]

MARKET TRENDS
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BY OPulse Admin
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Jul 27 2014

Property Prices Revert to 2006 Levels

Property prices have reverted to 2006 levels according to figures released by the Central Bank of Cyprus (CBC). With the Q1 2014 decrease, property values have now been on a downward trend for the 16 [...]