23 June 2013 11:30

 Nicosia: The 16th Decree issued by Finance Minister Haris Georgiadis contains a provision designed to facilitate the purchasing of mortgaged property in Cyprus.
Fixed term notice accounts can be used, before their maturity, to purchase property under mortgage from the same financial institution.
Further conditions apply, which include payment for the property being made directly into the mortgaged property account and that the mortgage on the property was granted prior to March 27 this year.


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