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Monday 10th May 2021
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Tag: title deeds

Laws to iron out problems with Title Deeds

Parliament is currently in the process of preparing a law in cooperation with the government and banks that will put an end to the current Title Deeds system that has left hundreds of home buyers at the mercy of debt-riddled developers.

Developers meet with Central Bank Governor

The Cyprus Land and Building Developers Association has met with the Central Bank to discuss financing problems and the Title Deed legislation currently before a Parliamentary Committee.

Title Deeds legislation edges closer

The long awaited and often criticised bills designed to tackle the Title Deed fiasco and bring relief to the many thousands of buyers who have been waiting for many years could be implemented in the next couple of months.

Europe rejects call for Cyprus fact-finding mission

A call by MEP Daniel Hannan in the European Parliament for a fact-finding mission to Cyprus to investigate the numerous Title Deed problems has been rejected by Viviane Reding, Vice-President of the European Commission.

Interior Minister surrounded by corrupt advisors

Neoclis Sylikiotis, the Cyprus Interior Minister, has come under fire in the local press for the delay in implementing the property reforms and amnesty packages and accuses his advisors of being corrupt and incompetent.

Title Deed law changes delayed

The Cyprus government has been unsuccessful in its attempt to introduce the five bills designed to accelerate the issue of Title Deeds by the end of the parliamentary session. Talks on their substance will continue after the summer recess.

MEP calls for Cyprus fact-finding mission

MEP Daniel Hannan has called on the EC to send a fact-finding mission to Cyprus to investigate the Title Deed problems in a further written question to the European Commission.

EU questions Cyprus on developer mortgages

Daniel Hannan, MEP for South East England, has raised a question in the European Union Parliament to uncover the facts behind the Cyprus developers mortgages scandal, the number of properties involved and the total mortgage debt of the developers.

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