A PARLIAMENTARY debate at Westminster Hall heard from Andrew Gwynne MP that he had been contacted by a number of people in his constituency about the mis-selling of Swiss Franc mortgages by Alpha Bank in Cyprus and poor advice received from solicitors purporting to be acting on their behalf....
Accommodation in Cyprus became significantly more affordable recently. According to data analysis it is caused by the drop in property prices which more than offset the drop in incomes.
The Royal Institute of Chartered Surveyors about home prices in Cyprus and Cyprus’s statistical service,...
SOME 4,000 applications have been filed so far by people who paid for their property but did not have a title deed, either because it was mortgaged by the developer, or the state could not go ahead with the transfer because of outstanding taxes, head of the land registry Andreas Socratous said on...
CYPRUS is in the worst position among countries in Europe as regards impaired real estate loans, according to KPMG’s Property Lending Barometer 2015, released yesterday.
According to the report, the global economic crisis had a serious impact on the financing of the real estate sector. During the...
FORCED conversion of Swiss franc mortgages would create a moral hazard and make restructuring of non-performing loans (NPLs) more challenging, Moody’s ratings agency said on Monday.
According to a Central Bank report submitted in parliament, conversion of these mortgage loans to euros at the...
