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About 40 people could lose their property in Cyprus

25.10.2010
Homesoverseas.ru editorial office
28
Cyprus real estate scandal. About 40 people, including foreigners, may be deprived of their property in the Paphos region because of debts of the developer. The total amount of the developer's debt to the bank is about 3 million euros, but the buyers are hoping that the developer has sufficient financial assets to pay off creditors, thus avoiding withdrawal of the real estate. Homeowners also blame the bank that he refused to give credit to the developer in 2006, resulting in the project was not completed. The bank continues to lend to customers who intend to buy a house in this complex, despite the financial problems of the builder. Based on materials Cyprus Property News
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360 000 €
2 bedrooms
build area 114 sq. m
pool
household appliances
sea/ocean view
garage
seller: RENTSALE
from 380 000 €
3 bedrooms
build area 135 sq. m
plot area 200 sq. m
pool
sea/ocean view
payment by installments
seller: Bettabilt Homes
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3 bedrooms
build area 191 sq. m
plot area 340 sq. m
pool
sea/ocean view
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seller: Bettabilt Homes