Supreme Court Commences Debate of Foreclosures Bills

Despite the House of Representatives having passed the bills by a majority on Saturday, September 6, Anastasiades last week referred four pieces of legislation to the Supreme Court, deeming them uncon [...]

FINANCE
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BY OPulse Admin
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Sep 18 2014

Foreclosures Bill: 13 Common Amendments; Final Agreement Still Pending

Cyprus parties continue deliberations ahead of a meeting of the Parliamentary Committees of Financial and Budgetary Affairs, and Internal Affairs, due to be held today, Tuesday, in a bid to converge o [...]

FINANCE
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BY OPulse Admin
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Sep 04 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. [...]

MARKET TRENDS
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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 [...]

MARKET TRENDS
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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 thei [...]

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 [...]

MARKET TRENDS
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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 [...]

MARKET TRENDS
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BY OPulse Admin
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Aug 02 2014

Repossession agreement leaked

By Nigel Howarth Some details of the agreement reached between the Cyprus government and the Troika of international lenders to ease the procedures for property repossessions have been leaked to the [...]

FINANCE
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BY OPulse Admin
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Jul 28 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 Ar [...]

MARKET TRENDS
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BY OPulse Admin
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Jul 27 2014

Cyprus property falls in price for Brits, as pound hits 22-month high

Great news if you're a Brit planning to buy a property in Cyprus this year! It's an excellent time to do so from a foreign exchange point of view, because the pound has hit its strongest versus the eu [...]

FINANCE
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BY OPulse Admin
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Jul 19 2014