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Solution for trapped buyers edging closer?

Amendments to the law designed to resolve the Title Deed mess by enabling trapped buyers who were duped into buying homes on land their developer had earlier mortgaged to the bank to obtain their Title Deeds are edging closer to a vote my MPs.

Angry Pissouri residents block highway

Pissouri residents blocked the Limassol Paphos highway to protest over the government’s delay in compensating homeowners whose homes are being destroyed by the landslide to the south east of the village.

Claims of one-sided property valuations

Allegations over one-sided property valuations in which the banks are undervaluing properties used in loan restructuring cases have been heard by members of the House Commerce Committee.

Properties without Title Deeds give banks headaches

Developers who didn’t follow the rules are giving the banks headaches as a number of repossessed properties and homes without Title Deeds are now re-entering the property market.

Government not accountable for Pissouri landslide

The Auditor General has argued that it’s developers, not government, responsible for the landslide in Pissouri and that it’s unacceptable to transfer the burden of responsibility to government.

Five more Armou landslide victims

A creeping landslide is slowly destroying a further five homes at Armou in Paphos and there are ominous signs that they will eventually be served with banning orders like the six declared uninhabitable in 2012.

Renewed call to reform Title Deeds system

The EC and the ECB have renewed their call on Cyprus to “swiftly address the long-overdue reform of the title deeds issuance and transfer system” at the completion of their 6th PPS mission.

Supreme court upholds Aristo acquittal

The Supreme Court has rejected an appeal against the acquittal of Theodoros Aristodemou, the founder of Aristo developers, and three others in connection with a development project in Skali.

Slippage of stricken Tala development accelerates

Heavy rain has accelerated the land slippage on a doomed development in Tala, which consists of four apartments, two villas and eight townhouses; the developer has provided alternative properties.

Money to help Land Registry clear backlog

€3.6 million has been requested by the Interior Ministry to help clear the backlog of cases at the Land Registries involving Title Deeds, boundary disputes, etc. and to pay associated expenses.

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