Holiday houses seeking new owners due to debt-to-asset swaps

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Holiday houses seeking new owners due to...
 © In-Cyprus 2018
Cyprus’ real estate and construction sector is recovering as demand rises.

At the same time, however, many holiday homes are coming into the hands of the banks as part of debt-to-asset swaps.

The price for summer houses and apartments islandwide ranges from €40,000 to €9,7m, while properties in Paphos, Ayia Napa, Protaras and Limassol (many of them with large outdoor spaces and luxury facilities such as private pool, garden, jacuzzi or barbecues) are seeking new owners.

The majority of the available debt-to-swap vacation homes is located in the Paphos district,...


This article was automatically added to our system 30-9-2018

Holiday houses seeking new owners due to debt-to-asset swaps


The contents of this article including any associated images are © In-Cyprus 2018
Views & opinions expressed in this article are those of the author and/or In-Cyprus .

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Article Tags: holiday, houses, seeking, owners, asset, swaps,

 

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