28/01/2026
๐๐ญ๐ซ๐ฎ๐ ๐ ๐ฅ๐ข๐ง๐ ๐๐ข๐ญ๐ก ๐ ๐๐ฒ๐ฉ๐ซ๐ฎ๐ฌ ๐๐๐-๐๐ฅ๐๐ง ๐๐ซ๐จ๐ฉ๐๐ซ๐ญ๐ฒ ๐จ๐ซ ๐๐จ๐๐ง? ๐๐โ๐ฏ๐ ๐๐๐ฅ๐ฉ๐๐ ๐๐ฎ๐ง๐๐ซ๐๐๐ฌ ๐จ๐ ๐๐ฎ๐ฒ๐๐ซ๐ฌ ๐
๐ข๐ง๐ ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ.
Between 2004 and 2012, many overseas buyers invested in ๐จ๐๐-๐ฉ๐ฅ๐๐ง ๐ฉ๐ซ๐จ๐ฉ๐๐ซ๐ญ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐ฒ๐ฉ๐ซ๐ฎ๐ฌ. Unfortunately, many buyers were adversely affected by a combination of factors, including high-risk bank lending practices, the absence or delay of title deeds, overvalued or undelivered properties and exposure to foreign-currency loan facilities that subsequently became unaffordable. When difficulties arose, lenders frequently pursued borrowers on a personal basis, including by way of enforcement action, giving rise to significant financial and legal pressure.
We have advised hundreds of clients affected by these issues, adopting a ๐ฉ๐ซ๐๐๐ญ๐ข๐๐๐ฅ ๐๐ง๐ ๐ฌ๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ-๐๐ซ๐ข๐ฏ๐๐ง ๐๐ฉ๐ฉ๐ซ๐จ๐๐๐ก. Our work includes negotiating fair and commercially viable settlements, challenging bank claims where appropriate and working closely with trusted Cyprus-based lawyers and sales agents to facilitate property disposals and settlement outcomes.
Settlement structures have included consensual recovery of the property by the bank, third-party sales with negotiated clearance of liabilities and costs and lump-sum payments enabling clients to retain ownership of their properties. We have ๐ฌ๐ฎ๐๐๐๐ฌ๐ฌ๐๐ฎ๐ฅ๐ฅ๐ฒ ๐ซ๐๐ฌ๐จ๐ฅ๐ฏ๐๐ ๐ก๐ฎ๐ง๐๐ซ๐๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐ฌ of this nature and continue to progress a significant number of matters towards favourable outcomes.
๐๐ฅ๐๐๐ฌ๐ ๐ฌ๐๐ ๐๐๐ฅ๐จ๐ฐ ๐ ๐ฉ๐ซ๐๐๐ญ๐ข๐๐๐ฅ ๐ ๐ฎ๐ข๐๐ ๐๐๐๐ซ๐๐ฌ๐ฌ๐ข๐ง๐ ๐ฅ๐จ๐๐ง ๐๐ซ๐ซ๐๐๐ซ๐ฌ ๐๐ง๐ ๐ญ๐ก๐ ๐๐ฌ๐ฌ๐จ๐๐ข๐๐ญ๐๐ ๐ซ๐ข๐ฌ๐ค๐ฌ ๐จ๐ ๐ฅ๐ข๐ญ๐ข๐ ๐๐ญ๐ข๐จ๐ง: https://www.linkedin.com/feed/update/urn:li:activity:7422231391284817920
