Mortgages and Banking facilities

With the economy currently in uncharted territory and the banking industry unsure of which direction to take, and being offered incentives from governments and the EU alike, most of the banks in Cyprus have come through unscathed. Yes one or two needed an amount of restructure and a little foreign investment but all businesses now adopt a global view.

We will be in discussion with the Bank of Cyprus later today to secure mortgage funding on the villas in Stroumbi for potential buyers from wthin and outwith the country. We have temporarily reduced the prices on these to offer extra incentives for purchasers in these difficult times.

The branding of New Home Cyprus which is our general resale and direct sale company is continuing to seek properties that have Title Deeds, so if you see any, give us a call.

I will update on the result of the discussions with the bank as soon as we have a bespoke plan to publish.