Well-known stores in Paralimni and Deryneia were taken over by the banks

The ownership status of the stores is changing due to the many debts. Many of them are rented out as remnants of the crisis, others are working, but the owners have handed them over to the banks to write off their debt. According to the research of the newspaper "Phileleftheros", Bank of Cyprus, Elliniki and Altamira have a large portfolio of stores in central parts of all cities, which are looking for new owners.

These are the ones that the banks took from the owners to write off debt, or they have taken the road of sales. Sales prices can start at as low as € 50.000 for small shops and as high as one or two million for large ones.

Details in the province of Famagusta:

• Two stores from Elliniki are sold in Paralimni.
• Ground floor store in Paralimni is for sale for € 181.000.
• Two stores on Protaras Avenue in Paralimni are for sale for € 115.000.
• A commercial building in the Municipality of Deryneia, which consists of two consecutive shops with a mezzanine floor, which have been consolidated, sells for € 195.000.

Source: Liberal