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All reports tagged with: "title deeds"

Progress on pending Title Deeds applications

According to the director of the Land and Surveys Department, the number of pending applications for Title Deeds is down to 20,000 – and the aim is to reduce this number to less than 2,000 by the end of the year.

How many properties without Title Deeds?

Although a figure of 130,000 has often been quoted for the number of properties waiting to be issued with Title Deeds, this was based on statistics published by the Department of Lands and Surveys in 2008.

Troika discussing title deeds delay

The Troika delegation is continuing its meetings in Cyprus and will be discussing the delays in issuing title deeds today as part of its third review of the economic adjustment programme.

No Title Deeds unless you pay developer’s debts (update)

UPDATE 7/2/2013 – MEP Sir Graham Watson has asked the Commission if it is aware that Cypriot banks are telling property buyers they will not receive title deeds unless they contribute thousands of Euros to their developer’s outstanding debts.

Title Deeds, transfers, mortgages and permits report

The Department of Lands and Surveys has published its second set of statistics relating to one of the provisions agreed between Cyprus and the troika in the Memorandum of Understanding (MoU).

Title Deeds issued at last for Froiber Group buyers

Liquidators appointed to handle six of the eight companies comprising the Froiber Group has completed the work necessary to get Title Deeds issued for eight apartment buildings; efforts are concentrated on the rest.

Title Deeds, Mr Anastasiades

Nothing will happen to resolve the Title Deed fiasco unless President Anastasiades grasps the importance of this problem which, with the exception of various vacuous promised, his predecessors have ignored.

The troika’s title deeds demands

The MoU agreed between the troika and the government of Cyprus requires that the backlog of Title Deeds waiting to be issued for more than one year is reduced to less than 2,000 by quarter 4 of 2014.

Constructive work on title deeds issue

David Lidington the UK Minister for Europe has completed a two-day working visit to Cyprus during which was received by President Anastasiades and met with Ioannis Kasoulides, the Minister of Foreign Affairs.

The importance of property rights

The lack of Title Deeds is important, as it means that property rights are not protected – both for the owner and the financial institution that has granted a loan using a property as collateral.

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