Home of Amazing Moments!
Home of Amazing Moments!
The Mortgage-to-Rent scheme, the latest lifeline thrown to defaulted borrowers, is going ahead, as KEDIPES, the state-owned Asset Management Company, announced its blueprint on Tuesday. Representing the former Coop Bank turned bad bank, Lambros Papadopoulos and Marios Papadopoulos, KEDIPES chair and general manager, respectively, unveiled the scheme. KEDIPES will oversee the scheme after Brussels urged…
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Construction activity has made a strong recovery from the impact of the COVID-19 containment measures in 2020, with the number of building permits authorised during the first half of 2020 exceeding those issued in the same period in pre-COVID 2019 according to the Cyprus Statistical Service. During the first half of 2021, 3,990 building permits were…
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2019 was a fantastic year for Cyprus. Tourism in Cyprus has been on the increase for many years, and 2019 saw a record-breaking level of visitors flocking to this beautiful sun-soaked island. The financial prospects of Cyprus are also looking good with a decrease in debt as well as an increase in new investment and a boom in property development. All over the island…
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The Cyprus property market continues its recovery with sales to the domestic and EU market leading the way. During June a total of 924 contracts for the purchase of real estate comprising residential, commercial, retail and land were deposited at Land Registry offices across the Republic; an increase of 43% on the June 2020 figure of 646….
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.