President signs controversial foreclosure law

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President signs controversial foreclosure law
 © CyprusPropertyNews 2022
A controversial foreclosure bill has been signed into law in the Republic of Cyprus over the objection of the country’s finance minister who accused lawmakers of populism. President Nicos Anastasiades has signed a foreclosures bill that postpones seizures of property for several months, a measure that had drawn condemnation from Finance Minister Constantinos Petrides .

Responsible versus irresponsible borrowers

Last month Petrides, who was the government reform czar before taking over the ministry, warned that the bill was sending the wrong message by “protecting mainly strategic...

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Article automatically added to our system on Saturday, August 13, 2022

President signs controversial foreclosure law

Contents of this article including associated images are © CyprusPropertyNews 2022
Views & opinions expressed are those of the author and/or CyprusPropertyNews .

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