The keys to their holiday homes or summer-related tourism projects are handed over to private or developer banks to reduce or write off the accumulated debts.
A typical example is a 4 bedroom villa with a large garden and pool on the beach of Agia Thekla that came out on the hammer at the price of € 470.000, in Ayia Napa four houses which are a residential project with eight houses are available for sale at € 1,56 million, while The Hellenic Bank has several holiday homes in its portfolio in Paralimni, which were given in return for debt.
Prices per city
The debt properties owned by the Bank of Cyprus through the Property Management Department (REMU) show that expensive cottages in Paphos province which have two or three bedrooms, a dining room, a private pool, a barbecue area, a landscaped garden and an open parking space. selling at an average of € 850.000.
There are cottages in the greater province of Paphos whose prices are in the zone of € 670 thousand, while there is also a two-storey villa with three bedrooms and a pool that is offered for sale at a price of € 480.000.
There are holiday homes in the province of Paphos at a lower price of € 400.000 and even lower at € 378.000 or even € 300.000.
The variety of prices in holiday homes in the province of Paphos extends to € 270.000.
In Ayia Napa, four houses which are a residential project with eight houses are available for sale at € 1,56 million.
For debt relief, a 4-bedroom villa with a large garden and pool on the beach of Agia Thekla has been given at the price of € 470.000.
Hellenic Bank has several holiday homes in its portfolio that were given in return for debt. They are located in Paralimni, they are two, three or four bedrooms but the sale price is not mentioned.
In Pissouri in Limassol, holiday homes are available for sale from both Bank of Cyprus and Elliniki.
Source: Liberal