Cyprus seeks rent scheme to tackle €3 bln NPLs

Cyprus and the EU are expediting the process to transform the state-owned Asset Management Company (KEDIPES) into a nationwide AMG to launch a mortgage-to-rent scheme. The scheme will cover non-performing loans collateralised

House prices dip, flats gain in value

Cyprus property sale values in Q3 increased by 0.9% for apartments, but decreased by 1.1% for houses, 1.4% for commercial properties, 1.5% for warehouse and office space, according to the WiRE Index.

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