Property News · April 6, 2013

British widow's house-sale money locked up in Cyprus


Sharon Connor sold her Cyprus house to move back to the UK. The next day the money was frozen – now she fears she has lost much of her cash, and her new home purchaseSharon Connor lost her husband suddenly when he was struck down by a heart attack, aged just 54, last year. Now, when she had hoped things might be looking up, she has found herself trapped in another nightmare, becoming arguably one of the unluckiest victims of the Cyprus banking crisis.Connor’s €183,000 (£155,000) – the proceeds from her house sale – is locked out of reach after it landed in her Bank of Cyprus account on the island at lunchtime on Friday 15 March. Continue reading…

Source : theguardian.com
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