Cyprus: Charges, Mortgages, Indemnities

Cyprus has enacted significant amendments to its judicial framework governing disputes over credit facilities secured by primary residences. The new legislation expands District Court jurisdiction to examine not only outstanding debt balances but also broader contractual issues including overcharges and unfair terms, while establishing specific procedures for challenging enforcement notices against mortgaged homes.

Cyprus law provides a structured framework for debt recovery. The outcome, however, depends heavily on the facts. A creditor must consider not only whether the debt is legally due, but also whether the debtor has assets, whether the claim is properly documented, whether there is a realistic defence, and how any judgment can actually be enforced.

On the 9th of March 2026, the Consumer Protection Service issued a significant decision against Alpha Bank Cyprus Ltd (hereinafter "Alpha Bank"), discovering the existence...

The amended Sale of Property (Specific Performance) Law (Law N. 132/(I)/2023) came into force on 12/12/2023, aiming to protect buyers' interests...

Recent amendments in Cypriot legislation have created a higher level of protection for aspiring purchasers of Property in Cyprus.

During the period of January-March 2024, total revenue increased by €389,9 mn (+13,5%) and amounted to €3.282,5 mn, compared to €2.892,6 mn in the corresponding period 2023.

Πρόσφατα έχει κατατεθεί ενώπιον της Ολομέλειας της Βουλής των Αντιπροσώπων νομοσχέδιο με το οπ&

The majority of lenders in Cyprus continue to be credit and finance institutions for locally-based projects, whilst international banks commonly finance larger projects and/or international projects...

Under Cyprus Law, a pledgee, in the event of default of the pledgor, may:...