Bank Repossessions

General questions & discussions on Cyprus property related matters
Post Reply
Transmitter Man
Posts: 10
Joined: 24 Jul 2013 18:31

Bank Repossessions

Post by Transmitter Man » 07 Oct 2014 13:47

Nigel,

Maybe you can answer this one.

How do the banks depose of any repossessed properties?

Are they sold at auction or via a particular estate agent chain?

Any links would be appreciated even in the Greek language.

I'm looking to purchase locally (Limassol city) and have come up against the inflexibility of sellers in wanting to cut a deal so thought to try and by-pass the local agents.

David



Nigel Howarth
Site Admin
Posts: 2483
Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus
Contact:

Re: Bank Repossessions

Post by Nigel Howarth » 07 Oct 2014 14:21

Hi David,

The Bank of Cyprus has a website showing the properties it has for sale at http://propertiesforsale.bankofcyprus.com/ (they have a couple of apartments for sale in Germasoyia at the moment).

I don't know what the other banks are doing.

Regards,


Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news

Transmitter Man
Posts: 10
Joined: 24 Jul 2013 18:31

Re: Bank Repossessions

Post by Transmitter Man » 08 Oct 2014 08:22

Hello Nigel,

Thank you for the link.

It's worth a look if for no other reason to compare.

Thank you again.

David



Post Reply