By ALETHEA REYNOLDS Copyright © Famagusta Gazette 2008
The Cyprus Electric Authority have introduced new ways for customers to settle their bills via the internet – this development means that expats who visit their home countries can pay online, without being in Cyprus.
As of last week, the EAC introduced a special payment area at their own website as well as payment options on the JCC website.
JCC is the same company that offers payment services for Road Tax and Department of Transport services.
You can pay anytime, day or night at http://www.eac.com.cy
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Conor’s latest comments on his blog, Shame on Cyprus are, “I suspended my vigil in London 17th October after 74 days and nights and took November off from all things Cypriot to rest with my family. Until the investigation concludes and charges made I feel I must continue with 2 & 3 day protests whenever the President of the Republic visits London. If no justice is forthcoming it will be with great regret that I will resume the indefinite vigil in the Spring of 2009.”
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Some people with Cyprus mortgages have recently been notified by Cypriot Banks that due to market conditions they have had to increase the interest rate to 6.75%. Typically Cyprus banks are increasing their margin on existing home loans from 2.25% to 3.5% or 1.5% to 3%. That means 3.5% + EURIBOR……or the variable rate for mortgages or home loans that the bank itself sets. That means 3.5% + EURIBOR…….or the variable rate for mortgages or home loans that the bank itself sets.
How can this be?
There have been rate cuts by the European Central Bank !!
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By Anna Hassapi Copyright © Cyprus Mail 2008
A PROTEST by Limassol developers against the increased bank interest rates this week revealed just how concerned some professionals in the real estate sector have become. Even more worrying for developers, however, is that Cypriot banks have almost stopped giving out loans to property buyers. This has reduced demand for houses, while their availability grows as a result of foreign property owners selling their holiday homes due to the global crisis.
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A few years ago the Government of the Republic of Cyprus declared an amnesty for planning control violations going back some years.
It now looks like the Cyprus Government is going to tackle the problem again but this time by a Bill which should also deal with the more serious issue of mortgages taken out by developers that has already been sold.
Hopefully the many small planning infringements that are holding up the issue of long awaited title deeds will have been solved once and for all without waiting for years for the next periodic amnesty.
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Following a campaign by The Cyprus Property Acion Group (CPAG) asking Cyprus property owners to write to MPs and MEP’s, Lord Jones of Cheltenham tabled two questions in the House of Lords a few weeks ago.
Citizens who have bought property in Cyprus but have not received their title deeds.
To ask Her Majesty’s Government whether they will make representations to the Government of Cyprus over the practice of allowing developers to use title deeds of completed houses as collateral for future loans, with reference to Article 23 of the Constitution of the Republic of Cyprus.
This is a preview of
Owners of Property in Cyprus Petition Gordon Brown
.
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