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26th Sep

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FEATURED FOR SALE

Rare DUPLEX townhouse in Engomi Apartment, Nicosia
€520,000
Rare DUPLEX townhouse in Engomi
Brand New High end 3bed close to the city center Apartment, Nicosia
€400,000
Brand New High end 3bed close to the city center
High End project under study Apartment, Nicosia
€185,000
High End project under study
FOR SALE LUXURY 2 BEDROOM APARTMENT IN ENGOMI Apartment, Nicosia
€200,000
FOR SALE LUXURY 2 BEDROOM APARTMENT IN ENGOMI
High quality 2 bed apartments for sale Apartment, Nicosia
€286,000
High quality 2 bed apartments for sale
Three Bedroom House in Tseri For Sale Detached House, Nicosia
€400,000
Three Bedroom House in Tseri For Sale

BOC contests court ruling banning applic...

BOC contests court ruling banning application of new foreclosure law
Bank of Cyprus has filed an appeal against the ruling of the Larnaca district court, which banned it from applying the modernised foreclosure law in disposing a collateral for which a court ruling existed based on the previous legislation. The Cyprus Business Mail understands that the appeal was filed on Thursday. Bank of Cyprus declined to comment. In its September 12 ruling concerning a 2007 mortgage deal, the court ruled that Bank of Cyprus had to proceed to the foreclosure of the property based on a 2006 court order and had therefore no right to send a “type I” note to the owner. The ruling caused perplexity in Cyprus’s banking system. The Association of Cyprus Banks said in a statement “it has reservations about the ruling” concerning its legal drafting and therefore intended to study the underlying legislation in-depth. The modernisation of the foreclosure law was part of Cyprus’s bailout terms, aiming at helping speed up foreclosure procedures, which under the old law took ten years or longer, thus helping reduce the non-performing loan portfolio of Cypriot banks. By Stelios Orphanides In an interview to Inbusiness.com, finance minister Harris Georgiades said that he was not in favour of changing the…

3 days ago

FEATURED FOR RENT

Detached House, Nicosia
€2,500 Per month
4+1 Bedroom House For Rent in Psimolofou
Office, Nicosia
€950 Per month
All new nice office space in center
Office, Nicosia
€8 Per square metre
Large centrally located office space
Office, Nicosia
€850 Per month
Modern office for rent!
Office, Nicosia
€13 Per square metre
Modern office on busy avenue in the Capital
Office, Nicosia
€1,900
Luxury Office space for rent


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