A last-minute rush by distressed borrowers has pushed applications to Cyprus’ mortgage-to-rent scheme beyond 4,200 , prompting the government to extend the deadline for another two months.
The state-owned asset management company Kedipes has received 4,269 applications since the scheme opened in December 2023, spokeswoman Chara Papakyriacou told the Cyprus News Agency (CNA) on Wednesday.
Interest accelerated sharply as the July 31 deadline approached, with more than 300 applications arriving during the final five days . In total, 929 applications were submitted during
