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26th April 2024
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Cyprus could suffer as EU monitors deeds fiasco

Despite an assurance by the government that an end to the title deeds shambles is in sight, many desperate home buyers are putting their faith in the EU in an effort to safeguard their properties.
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EU petition launched on Title Deeds

The Cyprus Property Action Group (CPAG) has launched an online petition to the European Parliament on articles 17 and 38 in EU law, which it says are being violated by the 'unregulated' property sector in Cyprus.
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End in sight to Title Deed saga?

The main reason in most cases is that currently land owned by developers can be mortgaged again and again, leaving those who bought properties without their Title Deeds for anything up to 20 years. The average waiting time, even for Cypriot buyers is 12 years.

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