As you know, Co-operative Central Bank tries to launch personal website of real property.
Nicholas Hadjiyiannis gave comments about this deal he told that main issue of this website will be making advertising company toward its immovable property. Recall Nicholas Hadjiyiannis is the current chairman of Central Bank.
He also added that they have approximately 500 million € on the sum of real property. It is expressed in different kind of flats, lands, houses. Furthermore Nicholas Hadjiyiannis was commenting that these are common practice for Central Bank in interview for state radio today CyBC.
The website will include property of loaners who could not payback their credit in the past 10 – 20 years.
Central Bank will be lender for 18 independent banks. In this year government recapitalized more 1500 million € for cooperative banks than year ago.
One of the main aims is try to help for borrower payback their loans. We are working openly for everyone while move shows that we try to be more organized, told he.
We do not allow any commission because it is not the policy of our co-op works, was commented by Hadjiyiannis.
People can only guess what the reason of high worth of immovable property. It can be over-inflated loans for inflated properties or other reasons. However, we cannot know it right now.
By the way, history of creating website can be connected with similar money laundering considered an unknown source.
If you want to know more information about the web-site and types of property to visit:
http://www.realestate.coop.com.cy/
Website contains all necessary photos, images of map. Also you can find the current price of properties, the short description which includes land registry details, owner contact details, date of listing and similar propose that making search easier.
Also available is the Greek version of the site
About author - Stelios Orphanidesa.