The government of Cyprus has extended the application deadline for the 'Mortgage to Rent' programme until October 31, 2024, targeting individuals with overdue loans on their primary residence up to 350,000 euros. The initiative allows debtors to sell their mortgages to KEDIPES and rent their properties back for 14 years at 65% of the market average, with an option to repurchase at the end of the term.
Society
by RealDeal China has decided to eliminate entry visas for citizens of the Republic of Cyprus, as a demonstration of the deepening relationship between the two nations. The decision was made during a meeting between the Chinese Foreign Minister and the President of Cyprus in New York, where they also discussed expanding air travel between the countries and restarting settlement talks on the island.