High Rates of Auction Suspensions in Cyprus
February 16, 2026
In Cyprus, it is reported that over 36% of electronic auctions are not completed due to agreements between lenders and borrowers. However, the reality reveals that suspensions can exceed 70% of cases, as many auctions are canceled before being published. Properties concerning primary residences show cancellation rates above 70%. The parties prefer compromises to avoid social costs. The situation calls for a realistic assessment and strengthening of transparency to balance social protection and financial stability.