articles | 25 September 2014

Bank of Cyprus selling off property

The Bank of Cyprus is understood to be close to clinching agreements to sell 10 pieces of property, it emerged recently.

Quoting informed sources, the media said that the deals involved property that the bank has repossessed because of debts or were no longer needed after the branch network was scaled down.

The bank features a list of property for sale on its webpage, which is updated at regular intervals.

According to the newspaper there is keen interest from buyers particularly for shops and land plots. There is very little interest in homes, it added.

The list currently features 78 pieces of property with prices ranging from €1,500 to €10 million. These were set after independent evaluations.

They include factories, agricultural land, shops, commercial plots, showrooms and homes.

Source: InCyprus

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